subject: Investing in your Retirement: Are you willing to bet your life savings that you will retire financially secure? [print this page] Investing in your Retirement: Are you willing to bet your life savings that you will retire financially secure?
Competition is fierce in the finance and investment sector so when you are ready to receive simple yet sound advice where do you turn? In recent times, the global financial crisis has hit hard and many people are nervously scrambling to find a lucrative investment for theirretirement fund to supplement their superannuation orassistance with tax planning that will ensure financial security in the long term. Let's face it, after 30 plus years of working to support a family, buy a home and invest in education the last thing you want to do is retire broke and live out your twilight years on an aged pension.
The sad truth is, it is estimated that by 2011 there will be a total of 2,211,469 aged pensioners in Australia with this projected to increase to 3,058,635 by 2021, with a cost of $56.1 billion to the tax payers. In relative terms, that is over three quarters of a million people in ten years averaging 85,000 retirees each year. Aged pensions don't get paid to the wealthy, so the reality of this information is, if you are currently in your fifties and don't have enough money to live comfortably for the rest of your life then you could be one of these statistics.
Recently however, the Australian dollar topped the USD and we continue to hear the statements from our economists and government leaders that we are sailing through this global financial crisis relatively unscathed, but I am not convinced.
Leading up to the 2008 crash the American public were being fed the same BS as what we are hearing today in Australia. So, what did they do? They trusted their leaders and continued to go in to debt to buy homes, cars and luxury items with the false security that all was good'. But alas, by the end of 2008 people across America were desperately trying to sell their homes to avoid the banks stepping in to foreclose on them. In fact, according to Realty Trac, a commercial marketer of foreclosed homes, more than 932,000 foreclosure filings were made through to April of this year in America, on top of 2.8 million in 2009.
Watch the pattern emerge, as history will demonstrate what happens in America will closely be followed by the other countries of the globe and that is what we are about to experience. Did you notice that the losers in the crash were not the extremely wealthy? No, Warren Buffett, Donald Trump and the likes of Bill Gates weren't financially gutted. It was the working class and the middle class that were hit hardest and stripped of their life savings. The leaders were confidently encouraging spending, the professionals were confidently encouraging investing and the people are now suffering the worst financial crunch since the Great Depression. Those in the know however had their money tightly and securely wrapped up.
So, what is it that the wealthy know that we working and middle class are not being told.....The TRUTH...maybe?
Well I have been doing some serious digging around and I have hit on some information that will help you understand why our economy may look great on the surface, yet is on very shaky ground. It will most definitely make you think twice about your next financial decision. But be warned, it is confronting. When I first heard it I nearly fell off my chair. It'shard to believe we could be so decieved.If you want some straight up financial planning advice without all the BStheni suggestyou take a look at www.educated4wealth.combefore you invest any of your hard earned money.
