Retirement

So the government, suddenly saddled with a lot more retirees than they’re used to, makes this same discovery – but it’s even worse. Unlike business owners, the government never even put any money aside. The more people will call and say, these are the promises you made and want to collect on this. The more money our government has to either print or tax to get.  This is an age demographic issue. Make no mistake about it, our population is aging.

Back in the 1950s there were 16 workers for everyone Social Security recipient. That allowed us to spread the responsibility to a wide number of workers so they didn’t really fill the pitch. The government could fulfill its promises. Today our population is aging and we are inching toward a 3 to 1 ratio. That means we’ve only got three workers for everyone Social Security recipient.  So the workers feel the pinch a heck of a lot more, but so far the government can still carry out promises.

 

How long will the government be able to do that? Possibly for another 16 years or so.

 

Ultimately the result is higher taxation. This isn’t a problem that can be solved politically.

How the future economic and political climate affect your retirement income?  TAXES and potential market volatility!

So just who are and what are the Smart people doing to mitigate the imminent future increase in taxation on their hard earned retirement income?  Let's take a look!

The big boss of Merrill Lynch, would love to manage your retirement for you, was guaranteed $3.4 million a year in retirement.

Bank of America CEO Ken Lewis has $53 million in his TAX EXEMPT SMART RETIREMENT PLAN AND is guaranteed to get $3.486 million a year as an annual retirement benefit beginning at age 60. How do you think Bank of America plans on fulfilling the promise of those benefits?

Stephenson at AT&T has $41 million in his TAX EXEMPT SMART RETIREMENT PLAN

Boeing CEO McNerney has $34 million in his TAX EXEMPT SMART RETIREMENT PLAN

Kent at Coca-Cola has $39 million in his TAX EXEMPT SMART RETIREMENT PLAN

Roberts at Comcast has $232 million in his TAX EXEMPT SMART RETIREMENT PLAN

Tillerson at Exxon’s has $43 million in his TAX EXEMPT SMART RETIREMENT PLAN

GE’s CEO has $52 million in his TAX EXEMPT SMART RETIREMENT PLAN

Marilyn Euston CEO at Lockheed Martin has $36 million in her TAX EXEMPT SMART RETIREMENT PLAN

Palmisano  at IBM has $28 million in his TAX EXEMPT SMART RETIREMENT plan however is the only one from Barry Dykes research who had a 401(k) plan as well.

The rest of them DID NOT Have 401(k)s!!!

They have their retirement income backed by the most secure tax exempt retirement plan available today!

Their insurance based retirement pensions will be entirely income tax free!!!

Your greatest asset aside from making smart selections on where to park your hard earned dollars to grow until it's time to retire is time!  If you would like to know just what the above mentioned executives are using to experience safe money market returns without market volatility, click contact us and we'll share their secret!