The government recognizes that most individuals have been asleep at the wheel when it comes to saving for their retirement, and they are also unaware that Social Security is only a few decades from a funding disaster (don’t worry I am not going to go there on today’s show).
As a result of this SILENT BUT DEADLY BUILDING DISASTER the government has made several changes that provide tremendous opportunities for you to save for your future retirement and financial independence.
What retirement option should you use and in which order should they be funded?
For more information, visit the show notes at http://www.moneyguy.com/2006/11/organizing-your-retirement-options
I received an email from a subscriber (thanks Helen) suggesting that I watch the PBS Frontline special titled “Can You Afford to Retire”. I was so impressed with the program that I have decided to focus today’s podcast entirely on the special.
The focus of the program is on the changing retirement landscape.
1974 Retirement Funding:
2006 Retirement Funding:
“Defined Pensions”: The Endangered Species
For more information, visit the show notes at http://www.moneyguy.com/2006/11/retirement-in-crisis/
Ok everyone please quit sending me emails on how to become a Financial Advisor. I have been bullied enough that I will spill the beans.
According to CNNMoney.com I have the 3rd best job in America.
Before you run out and decide to change careers let me provide you with my thoughts:
* You have to be good at taking test and going to school
* To be good you have to love numbers (and I mean truly love numbers)
* This is also one of those professions that requires a unique personality mix – you have to be very analytical (to the point that you are truly a numbers nerd), but somehow enjoy talking with and building relationships with others. Trust me there are not many of us out there; most are good at one but not both and that can lead to limited success.
* This is also one of those industries where you are not paid what you are truly worth for a number of years (3 years of experience required for CFP certification & 2 years of experience required for CPA).
For more information, visit the show notes at http://www.Money-Guy.com/financial-advisor-3rd-best-job-in-america