When retirement funds dry up
This physiotherapist from Canada was a single parent with one daughter. She responsibly contributed to her retirement funds at the various jobs she held. She could look forward to a decently comfortable retirement.
Until 2000, when the bottom fell out of the market.
(What happened to your retirement funds?)
My Canadian friend lost $40,000, plus the growth on that money for the past 6 years. The result is that her income from her various pension funds, after a full career, is $1600.
That's of course not enough.
Fortunately, along the way she acquired the kind of business we talk about here, where she helps people roll back the clock and improve their health.
The business is contributing $2000 additional per month, enough for comfort.
What would an additional $2000 a month mean to you? Plus tax savings?
(The tax savings are due to it being a legitimate in-home business.)
Get in touch for more info. You can maybe help someone and enjoy retirement more.
Until 2000, when the bottom fell out of the market.
(What happened to your retirement funds?)
My Canadian friend lost $40,000, plus the growth on that money for the past 6 years. The result is that her income from her various pension funds, after a full career, is $1600.
That's of course not enough.
Fortunately, along the way she acquired the kind of business we talk about here, where she helps people roll back the clock and improve their health.
The business is contributing $2000 additional per month, enough for comfort.
What would an additional $2000 a month mean to you? Plus tax savings?
(The tax savings are due to it being a legitimate in-home business.)
Get in touch for more info. You can maybe help someone and enjoy retirement more.
posted by Peg Lewis at 12:31 PM
2 Comments:
One of the reasons that I advise everyone I can that 401(k) contribution plans are not enough for retirement. In my opinion one of the biggest problems retirees face is that they are long in the stock market yet they have little to no control over the timing of when they can sell their funds (i.e. withdrawl). Most potential retirees have no comprehension of what this can mean to their nest egg.
I myself am some years off from retirement (well at least retirement age), and I prefer to actively invest my savings through swing and day trading. Most people tell me this is very risky, but then again most people who held mutual funds in 2000 lost 60% of their account - I would never tolerate such drawdowns in my own funds.
If you get a moment please visit my page where I discuss my trading methodology. http://lordtedders.blogspot.com/
hello... hapi blogging... have a nice day! just visiting here....
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