Have a financial Plan B if you're dependent on a Pension Plan

[FORKLIFT252]

You got your guns
You got your food
You got your preps
Now fund your retirement!!!
If you planned and prepared for worst case scenario....
And not planned for business as usual.....you will have failed.
PM me and I can help you with plan A ( retirement.)
Plan B.......well..... There are plenty enough sites to help you spend your money
and fortify your bunker.
Riots in the streets guns a blazing that's bad.
Old and unable to earn income just as bad.
Retirement takes time and money...

 

[Darknight]

Since when is lead a precious metal!

Have you seen ammo prices lately? The guys selling it must think the FMJ's are made of gold!

 

[Burt Gummer]

The Federal Reserve Is Systematically Destroying Social Security And The Retirement Plans Of Millions Of Americans

 

[knuckle Head]

The Federal Reserve Is Systematically Destroying Social Security And The Retirement Plans Of Millions Of Americans

Yeah, all the Oxygen Thieves celebrated it as good move, besides making a quick buck on the roller coaster stock market can it be good to bring us one step closer to the Weimar Republic. De-valuation of ones national currency is never a good are these embysols brain dead, if so someone please pull the plug on them.

 

[Burt Gummer]

All Fiat currencies historically have failed. The dollar has already lost 96-97% of its value. It will fail also. After all, it is our third currency already. It is a given. The Fed is just getting out the bulldozer to push it off the cliff.

Forklift -

You can fund your retirement without entrusting it to the thieving banks and investment funds like JP Morgan and their ilk. A paper IRA is about as worthless an investment as one could make. That includes such scams as 'gold IRAs'. I tell you what - you trust some IRA fund, bank or gov institution and I'll have my physical silver and real things and lets see who is better off in ten years. (If we are all still around by then).

 

[Riot]

The Fed is going to buy 40 billion dollars worth of mortgage-backed securities per month until they have decided that the economy is in good enough shape to stop.

Enjoy it while it lasts folks...we're not going to be a world power for very long. Next thing you'll hear is how the world currency is changing to a different denomination.

 

[pokerace]

Smart man. You'll will have real things while the suckers with IRAs will have a sack of dust.


the only trouble I have with cashing out the IRA is the fact that I have to pay the TAX,and that is going to HURT.

 

[ATCclears]

This article appears in the Saturday, Sept 21 edition of the Wall Street Journal. I cannot post the entire article here since it may be paid content, but here is a link and a few snippets.

Again, if your financial plans include relying on a Pension then have a Plan B.

Peter



Pension Crisis Looms Despite Cuts - WSJ.com

Almost every state in the U.S. has made cuts to its public-employee pensions, seeking to dig out from the economic downturn, but so far the measures have fallen well short of bridging a nearly $1 trillion funding gap...

But the new laws have trimmed just $100 billion out of the $900 billion gap between what the states and their workers put into their retirement plans and what the states owe in retirement benefits, according to estimates prepared for The Wall Street Journal by researchers at Boston College...