retirement planning

 Retirement  Income Plan

What most people think is the “best” way to save just isn’t.  The IRS and Congress approved over 25 years ago, a Retirement Income Plan popularly referred to as a “Private Plan”. 

Current retirement income plans are a FAILURE

The retirement of the "Baby Boomer" generation is going to accelerate the problem.

  • The oldest Boomer was born in 1946 and is 62 years old (2008).

  • The Average Retirement Age (piror generation) is 62

  • The Youngest Boomer was born in 1964 and is age 44 (2007)

  • 78 million Boomers make up 29% of the U.S. population.

retirement income planThe oldest Boomers will be eligible to start collecting a reduced Social Security benefit January 1st, 2008 - NOW. 

Many Boomers are in trouble in planning for retirement today. 

Most have almost no savings.  Those of you in your 50's - and especially 40's and 30's - need to see what has happened with their retirement planning and make a conscious decision and vow to not allow this to happen to you.  According to the Employee Benefit Research Institute and their annual survey:

Social Security Trustee 2006 OASDI Report

Wealth Fades Quickly For Many Retirees

If you are in you 20's and 30's, "unless changes are made, when you reach age 60 in 2040, benefits for all retirees could be cut by 26% and could continue to be reduced every year thereafter.  If you lived to be 100 years old in 2080 (which will be more common by then), your scheduled benefits could be reduced by 30% from today's scheduled levels."

Plus, taxes will be increase in 2010.  It is already approved by Congress! 

If your tax bracket goes from 25% to 33%, that is not an increase of 8% - it is an increase of 32%

If you save $1,000 per month at 7% net, in 20 years you will have $520,000 pre-tax.  If we are in a 42% tax bracket (including state income tax) you total deferred tax will be $218,000.  And we predict that after 2010 these taxes will total 50%

Here is your best retirement income plan....as I have said before, the IRS and Congress approved over 25 years ago, a Financial Planning For Retirement Savings program popularly referred to as a “Private Plan”.  This plan will grow on average 7% - 9% each year, compounded, and grow faster than most Qualified Plans (IRA, 401k, etc.) and when you go to pull it out, there will be NO tax on it.

We follow the S&P 500, but are NOT in the market.  Even if there is a drop in earnings, you cannot lose your principal not experience a negative loss.   Historically, the S&P is a strong, growth index.  We tap into the increasing market, but avoid any losses when it drops.

Income Retirement Plan

 

    Contact me for an personal interview at no cost to you.  We must analyze your position, and your present investments and assets to see if this is a fit for you.

retirement planning

Lee Zebold, BSc, LX
Accurate Credit and Financial Planning
(213) 977-0880
lzebold@sbcglobal.net

 

Back to Retirement Income Planning
 Debt Elimination Home   Contact Us   Senior Opportunity  Mortgage Reduction 

Changing LINKS