It is important to realize that employers have shifted the burden of stable retirement to their employees by eliminating pension plans and other forms of retirement guarantees and replacing them with 401k’s and other self-managed retirement accounts. Although the shift has already occurred, countless people have not adapted to the FACT that they are now responsible for understanding and planning their retirement. For example, many money savers take the ostrich approach to retirement planning; meaning they invest a certain percentage of their paycheck into their retirement account (e.g. 401k’s, IRAs, etc.) and rarely check their portfolio positions, actively manage their account/s, or look for alternative investments that yield better returns with less risk.
I personally believe one of the biggest hurdles to properly planning your own retirement is financial education. Billions of marketing dollars are spent yearly by large institutions that are looking to manage your money, mostly in ways that earn the institution money whether you win or lose (e.g. mutual funds). All of the marketing creates “noise” and makes it difficult for people to find their way to a winning investment strategy. However, let me be clear, there are several winning investment strategies available and in reach to all of us.
Stop gambling. Don’t take the ostrich approach. Learn how to Effectively Manage Your Existing Retirement Account from the comfort of your home via webinar (internet based seminar).
I personally believe one of the biggest hurdles to properly planning your own retirement is financial education. Billions of marketing dollars are spent yearly by large institutions that are looking to manage your money, mostly in ways that earn the institution money whether you win or lose (e.g. mutual funds). All of the marketing creates “noise” and makes it difficult for people to find their way to a winning investment strategy. However, let me be clear, there are several winning investment strategies available and in reach to all of us.
Stop gambling. Don’t take the ostrich approach. Learn how to Effectively Manage Your Existing Retirement Account from the comfort of your home via webinar (internet based seminar).
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