Scary Tales: Near Future of Retirement Funding

[Jacob Petersheim]

Savings (including CDs, Savings Bonds, and on and on) will almost certainly face falling interest rates that move them negative in "real interest" when you count inflation. Inflation itself is set to rise due to defaulted student loan bailouts and other money printing.

The 401(k) trap may be ready to spring, not just the current tax traps but also a market crash.

Pensions, where they still exist, face overdraining as well as being dependent on the dicey stocks and bonds markets, as well as Treasuries.

Mass senior homelessness ahead is one scary conclusion, meant to be scary so people take some action before it gets too late.

Robert Kiyosaki: “You Will Be Homeless”– The Truth About Your Pension & 2026 Nightmare

In the video, Robert's "green boxes" are US Mint issued "monster boxes" which contain 500 American Silver Eagle coins.

What planning are you doing? What actions are you taking?

 

[Beth Gallagher]

I'm not taking any action. My investments will sit where they are and when RMDs begin the dividends I take will cover them. Between dividends and Social Security payments (both of us), we don't draw down any of our investments and they continue to grow. We have zero debt and our home has been paid off since 2009, so we could live well on very little. Our financial advisor will help our children navigate their tax burden when we die.

 

[Jacob Petersheim]

Staying debt-free is probably the most necessary and valuable step when you can manage it.

Maybe you were luckier than I was in the 2008 crash. At least I wasn't depending on it so I had some time to replenish part of what was lost.

 

[Beth Gallagher]

Staying debt-free is probably the most necessary and valuable step when you can manage it.

Maybe you were luckier than I was in the 2008 crash. At least I wasn't depending on it so I had some time to replenish part of what was lost.

I was still working and busy "accruing" at that time, so the low market was an opportunity to buy. I am heavily invested in dividend-paying stocks so as long as the dividends roll in I'm not concerned with the stock price.