Retirement, what does that mean to you? As the financial result to most of our working hours, what can you expect to get back when it comes time to relax for all the effort you have put in over the course of your life. More than ever, we as individuals must start to weigh more options as we drive closer to retirement. With the unpredictable nature of 401(k)’s and other retirement vehicles many will not be set to enjoy “life after their working years.” The following excerpt explains the current financial checkmate that many of us have encountered,
“In 1980, some 39 percent of private-sector workers had a pension that guaranteed a steady payout during retirement. Today that number stands closer to 15 percent, according to the Employee Benefit Research Institute in Washington, D.C. Reliance on stocks in retirement plans is greater than ever; 42 percent of those workers now have 401(k)s. But the past decade has been a lost one for stocks, with the Standard Poor’s 500 index posting total returns of just 4 percent since the beginning of 2000″
With just a 4% return on your money what can you expect? Investing in your financial future is probably the most important decision you will make as an individual. So what drives us to invest our own future in an unpredictable market? “It’s what everyone is doing”, “It’s my only option”, and “I am too scared to look around” might be some of the common excuses that individuals will come up with for the lack of performance of their 401(k). In this lucrative information age the abundance of information available is massive. It’s time to use it, but with caution! With nearly 3 out of 4 baby boomers filing for S.S. by the age of 62 and many individuals having to succumb to lower living standards in their later years it is imperative that we learn from our past experiences. While it may not be you who is in this familiar predicament, it could be. Striving to have a secure job, a consistent return from the stock market, and a guaranteed retirement are all of the past now. As the past shows, security is only an assumption the we tend to take for granted when we are comfortable with where we are now!
The Infinite Banking Concept is a great financial tool to be used for your retirement. Give yourself control over the outcome of your retirement! See more about how the Infinite Banking Concept can change your financial outcome by visiting www.qmsfinancial.com.
To see how current financial vehicles have changed the outcome of millions of Baby Boomers, please visit www.huffingtonpost.com
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