I’m “lucky” because it only took me eight years to gain back what I lost in 2008. I say “lucky” because there are people out there who lost EVERYTHING and have never recovered from it.
After recouping my savings AGAIN, I began to look for ways to stop the insanity and get off the merry-go-round of the employer sponsored retirement savings plan.
I learned the hard way that when you participate in these plans you’re on the 'YOYO" Plan which means You’re On Your Own and nobody is going to bail you out!
Your plan administrator is collecting fees whether you win or lose. Of course they will say “... stay the course.” Its how they get PAID!
You also can’t rely on your HR Department because they don’t understand it and they don’t give investment advice. None of them will tell you the dangers of market volatility and the impact it can have on your savings.
Just imagine the impact of a 50% loss to your retirement savings if you are a year away from retirement.
If that happens, you’re retiring at a much lower standard of living than you planned or maybe you’re not retiring at all! Since 2008, I’ve made it my mission to find a better way to save for retirement.
I found it in life insurance products and annuities. Today, my clients save and grow their retirement savings in the same tax-advantaged way the wealthy have for over a hundred years.
And they do so without the dangers of market volatility. I want to do the same for you.