Are you an Ostrich

Are you an Ostrich?
So let’s be honest, most of you are sticking your head in the sand on the issue of your retirement. Many of you have become aware that depending on the existing retirement options will probably leave you wanting in your golden years but are not taking the action necessary to fix the problem. You are aware that the freedom to live wherever you want and finally do all those things you have put off while you were young will continue to be financially out of reach. You have realized your social security, pension fund and 401k checks are going to be too small to diffuse the high inflation in our economy.
Well unfortunately I have some more bad news…about this time the ostriches will stop reading this so to them I wish a speedy “Good Day”. Now getting back to the bad news, unfortunately, there is no guarantee that those checks will even be there. We have all heard about the failing social security system so I won’t go into those details but I do want to share with you a recent PBS Frontline special which reminds us how risky depending solely on pensions and 401Ks can be. Please follow the links below when you have time to sit and listen for about a half hour.
http://www.pbs.org/wgbh/pages/frontline/retirement/view

For now I want to recap the major points. The first two segments of this frontline special highlight how even some of the most secure pension funds have failed and left their beneficiaries having to live on as little as 70% of the amount promised to them. They are now being paid through a government insurance program. Large American companies and even cities have discovered the value of bankruptcy and restructuring to walk away from their pension promises. Pensioners are left selling their prized processions and working until death to keep a roof over their heads and food in their mouths.
The last two segments cover the pitfalls of the 401K system, the do-it-yourself retirement plan that is perpetuating many of the ills of our society. The rich get richer and the poor get poorer. This special highlights the huge yield disparity between the participants in 401K plans. The high level engineer with the Masters in Business Administration is depositing and earning 5-7 times the amount deposited and earned by the equipment technician in the same company. Individuals not versed in financial planning are expected to make ongoing decisions that deeply affect their success or lack of it. When you throw in the volatility of the stock market it is a recipe for disaster for the majority of the Americans depending on this flawed system.
As a retirement pest I hope all of you will stop being an ostrich. Starting tomorrow I hope you take the time to learn all there is to learn about your options. Sit down and set an appropriate target retirement amount. Then start making the hard decisions necessary to get you to that amount.
As part of your learning process I urge you to take the time to explore the options Ace Capital Group specializes in. For over 30 years, Ace www.Ace4Weath.com has been helping individuals yield gains 2-3 times the historical average return of the stock market with much less risk. Please contact me to set up at your convenience your own personal information session to learn how.
Debra Madore 951 347 3602 or dmadore@Ace4Wealth.com