Not Ready For Retirement

| October 18, 2018
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According to S&P Global, 30 of 50 US states do not have sufficient reserves set aside today to absorb the financial impact of an economic recession, forcing them to raise taxes/fees or reduce benefits.

Unfortunately, This Is A Potential Roadmap…Sears Canada Cuts Pension Pension Payout To Retirees (This Was Before The Sears US Bankruptcy)

Here is the main issue – we don’t save enough  money:

  • 60% of American workers have access to an employer-sponsored defined contribution plan, e.g., 401(k) plan. 26% of American workers have access to an employer-funded defined benefit pension plan (source: Bureau of Labor Statistics).
  • 59% of “working age” Americans (defined as adults between the ages of 21-64) have not accumulated assets in any retirement account – defined benefit pension plan, defined contribution plan (e.g., 401(k) plan) or an IRA (source: National Institute on Retirement Security).

Plan For The Worst – Hope For The Best (But Hope Is NOT Part of The Investment Process).


Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O


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