We as Americans have been subject to a number of Challenges, especially in the past 50 years. In the majority of these cases we had no control and had to deal with the results of ALL the bad choices our elected leaders have made. This put the common citizen in a no-win position, where so many of them failed to challenge their decision making, which caused so much harm to so many …. That made a profound financial impact on their families and their communities nationwide.
Now abnormal climate change is the result of years of neglect to mother earth. We are currently eyewitnesses to weather conditions that we have never seen before, or at least in the past 100 years. We now see Huge back to back Hurricanes creating Major Storm Systems, Earthquakes, and Forest Fires due to the shift in Northern and Southern weather patterns. This has also affected the change of the seasons from fall to winter right before our eyes. Changing lives in the blink of an eye ……..homes are gone, memories are gone, lives, hopes and dreams all gone……
Let ’s take a brief journey back over some of those crises, starting with the Gas Crisis in the `70s. During the Mid `70s, there were reports of gas shortages which lead to historically long gas lines. Prior to the crisis, gas prices were at an all-time high of 70 cents of which pushed prices to 98 cents to $1.20. Now fast forward to 2011 where prices were reported from the west coast $4.50 per gallon. Food prices and the cost of living has skyrocketed leaving the middle class and the poor working twice as hard in their attempt to get ahead. A certain power group continues to hang on to the past technology of dirty fuels, which feed the addictions to coal and gas …. refusing to see how other counties were taking advantage of alternative clear energy, nor the downside of the effects on the environment short on the long term.
Now a much more damaging crisis lies just below the surface of the Unstable economic state of our country. This Crisis is slowly and steadily unfolding right before our eyes, and it is attacking the Middle Class. This crisis will change the landscape of Middle Class Families forever.
Hard working Americans have been saving and sacrificing for their Retirement Income while t hey work, in hopes of a far better lifestyle, once their Jobs, Careers, and FULL TIME PAYCHECKS come to an end. Many Recent Retirees, find themselves retiring, and then returning to work within 30 days part-time or full –time.
So now, let`s take a look at just the past 12 months alone, in regards to Stock Market Activity. First, please allow us to set-up the picture that many of us were never were shown by our financial advisors or our employer. Did you know that your Qualified Retirement Plan IS NOT a real savings plan? It is actually an INVESTMENT PLAN that is subject to HEAVY TAXATION, FEES, and UNLIMITED STOCK MARKET LOSSES!
The market has experienced 105 LOSSES prior to Covid -19 roll back! Afterwards Black Monday after the roll back triggered a 122 losses in one single day……..was the beginning of the 2020 Stock Market Crash. I’m sure that many of those over 40 years of age have been advised by your financial advisors just to hold on … this will pass, it will get better. Those under 30 years of age this will pass, you`re young, you have time to make up these losses; where in fact you will never be able to make up these losses (It is Mathematically IMPOSSIBLE!) …while in both cases, the Advisors are racking up and COLLECTING FEES on your dime!!
We were never told about the fact that employers benefit far more from these plans than the employees ever will. We have learned that even when an employer provides you with a Matching Contribution; the employer can write –off the Contribution as a Donation, while you in fact, get stuck paying the taxes on those donations as well as the taxes, penalties, interest and fees on the gains, losses & drops that occur in the market and your account. Furthermore, your employer can earn an Annual Revenue Sharing Bonus from your Plan Provider/Investment Company! This Bonus Check is paid to your employer every 12 Months, and it is based on the Total Account Balance of your Employer`s Plan!
Yes, that’s right if you’re currently participating in your retirement plan you are financially responsible for paying taxes and fees on all of the 103 losses or drops that has transpired on the stock market. You are also responsible for paying Interest, Penalties and Taxes on your Employer`s Matching Contribution that you Accept and Receive into your account.
Please keep in mind, that as long as you participate through these current retirement plans, YOU are responsible for the Taxes, Interest, Penalties, Gains & LOSSES that cover your ENTIRE 20, 30, 40 or even 50 YEAR CONTRIBUTION PERIOD!
We have been brainwashed by employers to think that our 401K or similar plans are Savings Plans, but as stated earlier these plans are merely INVESTMENT PLANS. Don’t take our word for it; you can refer to the articles written on this matter by Time Magazine (Why It`s Time To Retire The 401K) and Forbes Magazine (The Retirement Crisis Facing African Americans) expressing their concern for the middle class
Which leads to this question; if you could look into the future and see your outcome if you continue your course of action, would you take a peak? Or, would you continue in this madness and remain in this state of denial?
Let’s take a look at three cases that took a real look at the reality of the effects of the major loses in the past 12 months.
These four individuals applied the WEALTH TE$T $ELF TE$T that is a Proprietary Process and Property of CARLINDA WEALTH SOLUTIONS to arrive at their personal financial results.
Case 1) 63 Year Old Male. Contributed $500/Month for 33 Years, plus occasional additional contributions from bonuses. He contacted his Plan Provider to get his Cost Basis (His total Contribution Amount for the 33 Years = $210,000) and his CURRENT BALANCE (September 25, 2018 = $158,000) After 33 Years of Consistent, Faithful Contributions and Blind Trust in The System, this gentleman has LO$T $52,000! Yet, he is responsible for TAXES on $210,000!
Case 2) 48 Year Old Female. She contacted her Plan Provider for her CURRENT BALANCE on October 15, 2018 (= $457,998) when she completed her WEALTH TE$T $ELF TE$T. She then contacted her Plan Provider on October 23, 2018 (The date of our first appointment) for her CURRENT BALANCE (=$406,990) After 27 Years of Consistent, Faithful Contributions, it only took her 8 DAYS!!! TO LOSE $51,008!!!!!!!
Case 3) 54 Year Old Female. Called for CURRENT BALANCE on November 8, 2018 (= $502,000). She called again on November 20, 2018 (= $400, 400). As you can see in this case, after 29 Years of Consistent, Faithful Contributions, it took her ONLY 12 DAYS!!! To lose $101,600!!!!!!!
The thing that CANNOT get lost here, is that ALL of these people, plus MILLIONS of others place their Complete Faith, Hope, Trust and Financial Future in these Qualified Retirement/Investment Plans and TRULY Believe that they are going to be okay. When the TRUTH IS, that they are LOSING MONEY over the Entire Timeline of their Contribution Period (20-50 YEARS!!!!!!!)
We as hard-working Americans can continue to put our heads in the sand and fail our families, especially ourselves. We can stand by and watch years of our hard work and sacrifices to contribute to our Retirement Income get picked apart by taxes, fees, and Stock Market LOSSES. Recently, I watched an actor portraying a minister in a scene from the new movie “Widows”. I want to share a small portion of his sermon that gave me chills, because it is so relevant to what I see in people and hear from them daily, when it comes to their Financial Lives. He said “There is an old saying that goes, what you don`t know won`t hurt you. That is a lie! Far too many people have fallen for that lie. This belief has led us into a state of ignorance. Ignorance is now accepted as normal! People have found comfort and joy in their state of ignorance. Which in turn has led many into a state of bliss. So for many people today, Ignorance Is Bliss!” Please wake up and open your eyes America.
Richard and I are here to Educate, Enlighten, Encourage and Empower the American Public, in the areas of Personal Finances and Wealth Building (Not to be confused with Investing). We hope that these eye-opening facts and the reality of where these plans will lead you to, will help you to decide to take action, to build what we call “True Wealth”, and MAKE MONEY ON PURPOSE!
Please don`t forget, that under the current Retirement/Investment Plans you are subject to the taxes and fees according to your balance at the time when you retire. Over 60 % will be lost to Market Risk, Additional Taxes and Fees. Then you get to live on whatever is left for the rest of your life!!
In the past decade, I have seen way too many people reach a cross road at this point in life. They are forced to choose either going back to work, or significantly Lowering their Standard Of Living (Sometimes having to choose between being able to eat today, or pay for prescriptions)!
Wouldn`t you agree that there must be a far better alternative that exists than the current Retirement/Investment Plans out there that you haven’t discovered or have never been informed about? If you have this thought you are correct. There is a Much Better Way.
Are you interested in learning how to structure Wealth building without the taxation and losses, plus earn 3 times more than you are currently earning right now, all Tax-free!!
Allow us to leave you with this vital statement made by Steve Harvey, as part of one his morning motivation speeches he this saying that once I heard it became the foundation the resonates through this project and this explosive and unique program. The saying is as follows “ In order to go where you never been, YOU MUST DO WHAT YOU NEVER DONE!!
Links:
- Just click here $ How to build True Wealth will explain the process and the phases to help reduce the learning curve while preparing to be empower.
- If you require additional information Click here and review Primary Blog and continue with of our additional blogs structure around a topic top 4 topics surrounding the Middle Class.
- If your ready to move to the next level began the initial process that change your financial lives forever just click here it will take to the phase1 of the enlightenment stage.