Who Dropped the Brass Ring?

By
Corney Vanhelden

You worked hard.

You put up with politics, lousy bosses, miserable jobs.

Then, about 10 years ago, the days brightened, the horizon loomed, far still, but within sight.
Your cache was packed and almost ready to go.

Just 10 more years, a few more stock investments, and playing the cards right, you thought.

You thought.

Thought – the operative word, a word that sorely disappointed you.

Sorry, my Baby Boomer friend, child of war, flower power, and JFK.
You did your duty for God and country, contributed to a rich and robust culture, and witnessed one of the finest presidents of this country get shot.

Sorry for the drama, dear readers, but dramatic it all is.
Here’s the crux of it:
in a 15 month period ending in September, 2008, retirement savings lost $2 trillion (you read right!).

“It’s clear that Americans’ retirement security may be one of the greatest casualties of this financial crisis,” said Rep. George Miller (D. – CA), chairman of the House Committee on Education and Labor.(as quoted in washingtonpost.com)

True, 401K retirement plans have been the most vulnerable during this wild ride, down 20% overall.
But, traditional defined-benefit retirement plans are right behind with a 15% decrease due to financial volatility.

So here’s what you’re facing – your retirement plan dwindles daily, your expenses rise daily, and even though you may not be quite ready to step out that corporate door, you haven’t been able to make any contributions to your retirement plan because you simply can’t make it today.

A disturbing 20% of you almost-retirees are in this sinking boat.

With my model, none of this would be happening.

As a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free, when you apply for it.

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