Are You Stressed Out
by Debts or Worried About Retirement?
Your
Stressful Concerns Are No Longer Necessary!
So
Put your wallet away! We Are Not Selling
Anything!
Greetings; Worlds
Best Financial
has assembled the world's
best resources for solving what has become the single
biggest concern that plagues the majority of American
Families and or Business Owners. Our liabilities -
financial obligations, debts or what ever you want to
call them. Bottom-line they are out of control.
The Federal Reserve Board announce in 2005 the Average
American Family can no longer save!!!. Consumer
debts have exceeded 1.7 Trillion dollars. At worse
case scenarios, this nationwide problem is ripping
families apart because they can no longer cope.
The dream of retiring some day or providing a college
education for their children is no longer a reality for
most.
The State of Retirement
Americans now have a ZERO savings rate or deficit (going
in the hole!)
Retirement savings at all age groups
Less than 25,000
52%
25,000 - 49,000
11%
50,000-99,000
13%
100,000-249,000
12%
250,000 or more
11%
The Problem:
The Majority of today's work force may have to
work until the day they die?
Can't depend on Social
Security even if it is their it won't be enough
Pension Plans are becoming
extinct, more and more corporations are
restructuring in order to get out from under
pensions.
401ks, IRA's families
can't afford to invest. Even if they can they do not
have the savvy to invest for major gains.
Minimum payments on Credit
Cards are doubling which is making a serious problem
worse.
If this sounds like what you are
up against and you would like a pain free way of getting
control of your future, you have found the right place!
American Families In Crisis
A sensible man watches
for problems ahead and prepares to meet them. The simpleton never
looks, and suffers the consequences.
(Proverbs 27:12 )
American Families In Crisis
Editorial by: "Duke"
R. Theall
No Such Thing As
Retirement Any More:
The majority who
are still part of the work force will
work till the day they die! The Dream of
Retiring someday in secure
comfort, in our paid off dream home and
the ability to travel like our parents
has become a myth. Retirement as
we have witnessed the Great Generation
have enjoyed is no longer a possibility
for the majority. Currently only 3 to 5%
of the working population will achieve
that dream. Deep down the biggest
fear that workers have, is what will
their old age be like. Because as
each year goes by the cards are being
stacked against the average American
Worker
In 1950, there
were 16 workers paying into the
system for every
beneficiary. Today, there are three
workers paying for each beneficiary.
According to
President Bush the only thing in the
trust funds are IOU's and Social
Security is a Pay as you go
scenario. Don't take my word
for it To
See His Speech Week Ending April
8th, 2005
Beneficiaries
life span has increased, people are
living longer. Which means we need
more money to get by longer.
The first of 76
million Baby Boomers (Born between
1946 and 1964) will be reaching
retirement age in 2008. This
population wave together with the
fact that people are living longer
will break the bank as early as
2018.
THE REAL TRUTH ABOUT SOCIAL
SECURITY
Franklin Roosevelt, a
Democrat, introduced the Social
Security (FICA) Program.
He promised:
1.) That participation in
the Program would be
completely voluntary,
2.) That the participants
would only have to pay 1%
of the first $1,400 of their
annual incomes into the
Program,
3.) That the money the
participants elected to put into
the Program would be deductible
from their income for tax
purposes each year,
4.) That the money the
participants put into the
independent "Trust Fund" rather
than into the General
operating fund, and
therefore, would only be used to
fund the Social Security
Retirement Program, and no other
Government program, and,
5.) That the annuity
payments to the retirees would
never be taxed as income.
Since many of us have paid into
FICA for years and are now
receiving a Social Security
check every month -- and
then finding that we are
getting taxed on 85% of the
money we paid to the Federal
government to "put away,"
By the way you may be
interested in the
following:
Q:
Which President took Social
Security from the independent
"Trust Fund" and
put it into the General fund so
that Congress could spend
it?
A:
It was Lyndon Johnson and
the democratically
controlled House and
Senate.
Q:
Which Political Party
eliminated the income tax
deduction for Social Security
(FICA) withholding?
A:
The Democratic
Party.
Q:
Which Political Party
started taxing Social Security
annuities?
A:
The Democratic Party,
with Al Gore casting the
"tie-breaking" deciding vote as
President of the Senate,
while he was Vice
President of the U.S.
Q:
Which President decided to
start giving annuity payments
to immigrants?
A:
That's right! Jimmy Carter
and the Democratic Party.
Immigrants moved into this
country, and at age
65, began to receive Social
Security
payments! The
Democratic Party gave
these payments to them, even
though
they never paid a dime
into it!
Then,
after doing all this lying and
thieving and violation of
the original contract (FICA),
the Democrats turn around
and tell you that the
Republicans want to take your
Social Security away!
And the worst part about it is,
uninformed citizens believe
it!
* Don't take this wrong
Republicans have their short
comings too. It takes both
parties in Congress to make
things happen. Each time we are
faced with voting, it has
become making a choice for the
lesser of two evils at times.
There has been a tremendous
amount of blunders that has
brought shame to the office of
Presidential.
Americans have the false
impression that Social Security
is one of their precious rights,
a right that no politician can
ever take away from them. We
have all, paid weekly, all of
our working lives. However,
actual truth is that
Social Security can be ripped
away from us all at anytime and
for any reason. The Supreme
Court ruled on that issue forty
years ago.
In Fleming v, Nestor, the Court
said that your Social Security
payments were taxes, and that
Congress had no legal
obligation to pay benefits in
return.
See Case Background
What
has just been revealed is only
the tip of the ice berg, in 2008
the first of the Baby Boomer
generation will be reaching
retirement age. This for all
practical purposes will be like
a Tsunami wave when it hits.
Years ago for every person who
retired, there were hundreds
paying in per person. As of now
there are only a handful of
people paying into the system.
Since the Democrats saw fit to
rob us time and time again.
Social Security as we know it
has reached critical mass. We
are not far from the day it
blows away. The first
signs will be cut backs. Also
taxing Social Security income
makes a bad situation worse.
Furthermore the fact that we
have a credit crisis in America,
has strapped families into a
downward spiral of financial
duress. Most are no longer
able to save for retirement, let
alone for a college education
for their children. It is
so bad that families have
started to charge their credit
cards just to make ends meet.
What We Need To Do ASAP
It is
imperative that we all take
responsibility to do, what ever
it takes to become debt free.
That is the only way families
will be able to survive the
catastrophic storms on the
horizon. We can not remain
in the state of denial. In the
fifties it was possible to have
a single income family.
Currently it is not uncommon for
Moms and Dads to work more than
one job just to survive. This
leaves hardly any quality time
with the children. As a result
they are spending the majority
of time being influences by
others. It is no wonder
that crime has increased, gang
issues, and shootings in
schools. Do you remember
the lifestyle of the fifties,
sixties. Remember the
innocence of shows like Leave it
to Beaver, Ozzie and Harriet,
Father Knows Best and the Donna
Reed show. Those life
styles were typical for the time
period. Back then they had
what was known as the Christmas
Club. People saved to buy
what they wanted. Since that
time we have been lulled in to
the trap of the plastic world
and the long term slavery to
misery of hopeless debt.
JOB SECURITY - PENSIONS
Don't count on it.
Look what happened to
Railroad Pensions it won't be
the first time people have
dedicated their career and lives
to a company, only to be left
with broken promises. Broken
promises don't do much for
paying the bills
Cotton Mills, Paper Mills,
Shoe Manufacturers, shut down in
the 40's and 50's in New
England. All these workers
had to be retrained and start
all over from scratch. They all
lost their pensions
More and more jobs are being
exported over seas. The term
"Laid Off" has been replaced
with down sizing.
Today there is no job
security. Many are temporary or
part-time employees. Why? To
save the cost of benefits. Many
are "independent contractors."
Why? Same reason - to save money
for the company. Companies are
withdrawing or at least reducing
health benefits. Pensions are
disappearing. When employees ask
for a raise, they are told the
company may go overseas where
workers are cheaper.
US Pensions are under funded
by 450 Billion Dollars.
Bankruptcy Laws were changed to
favor Corporate Restructuring.
It is now possible for companies
to simply renege on pension
obligations by filing a Chapter
11 and going though restructure.
Lenders have super priority to
be paid first. Employees
and retirees lose everything.
Those that still work are forced
to work more for less. Classic
Example was United Airlines in
2002.
Each year more
companies are following suite to
get out from under the Pension
Obligation.
401k's are not the answer.
Majority of people who
have 401K's due not know how
to get a good return.
For those that had their
investments in Mutual Funds
and the stock market lost
over half their investment
in 2000.
Majority do not have the
time or the education for
manage their own portfolio
and no longer have
confidence in firms to
look out for them.
Highly
Recommended Reading
to Visit PBS.org "Can You Afford
To Retire"?
BOTTOM LINE: THE MAJORITY OF
AMERICANS CAN NO LONGER SAVE FOR
RETIREMENT!
Consumer
Credit has reached Critical mass! At 1.7
Trillion dollars. Families have
reached the point where they are
reaching for Credit Cards to help make
ends meet. In short over 100 million
families are no longer able to save and
are plunging deeper and deeper in debt.
Daily we see more bad news that puts
a bigger vice on the average American
Family. Wars, Terrorism, Oil
Shortages, Rising Gas Prices and rising
postage. Together with interest rates
going up all of these are the makings of
kindling for a major inferno called
inflation out of control. Remember the
70's when Carter was in office. Loans
were double digit and the ability to buy
homes was out of reach. People were so
desperate they were joining illegal
pyramid schemes with the hopes of
reaching the top. There were families
who even risked there house payments,
the worse case scenarios resulted in
families breaking up and divorce.
When times were good, it did not require
two incomes to support a family.
Children had the luxury of having full
time moms. There were not any
neighborhood gangs, school shoot outs.
It was politically correct to utilize
the "Board of Education" to discipline
kids. It was ok to say the pledge
allegiance in class. There was no
worry about saying prayers because we
were founded as "One Nation Under God".
Unfortunately due to Liberalist going to
far in the wrong directions we are
slowly losing all that made America
Great. Those who do not recognize
our God, and our Constitution as written
can
Step outside or Plug their ears
if they do not want to hear The
Pledge Allegiance
Step outside or Plug their ears
if they do not want to hear our
prayers
Live some where else if they do
not like our principles.
There
is a major storm on the horizon as it
relates to our economy.
Watch for the following to come to pass.
The first of the Baby boomers
reaching retirement age in 2008.
This will be the beginning of
the end of Social Security as we
know it.
Less workers paying into the
system
Average Life Span becoming
older
More Centurions than ever
before
All of these factors will
probably cause benefits to be
cut in half and eventually down
to nothing.
Inflation will hit double digits
once again due to fuel prices
getting out of control.
This causes the deliver of goods
to go up. Energy prices will
also cause the cost of goods to
increase. So everything we
consume will become more
expensive quicker than we have
ever seen before.
The Historical Effects of Inflation:
Back in 1949 you could buy a Brand
New Chevrolet for $650
In 1959 it cost $ 1,300 In
1969 it cost $ 2,600 In
1979 it cost $ 5,200 In
1989 it cost $10,400 In 1999 it
cost $ 20,800 IN 2009 it will
probably cost $ 41,600
Unfortunately our incomes are not
keeping up with inflation. That is
why in the sixties you began to see
more and more 2 income families
because Mom had to go to work too,
in order to make ends meet.
Currently it is not uncommon to hear
both Mom and Dad working full and
part time jobs to live comfortably.
As it stands the Majority of Average
American Families are stuck with a
dismal future due runaway consumer debt.
Few realize that they have become
enslaved by our current banking - credit
system......
CONCLUSION:
By now it should be
painfully apparent that if you choose to
remain in denial, your future will be
dismal at best. However, if you
choose to take action you will be able
to make a difference. First
by helping your self and your family.
Second by helping as many others as you
can by simply referring them to this
site and the services we have to offer.
Doing so will be a step towards keeping
America Strong.
Be sure to keep
your self informed and up to date as it
relates to laws and bills that effects
our lively hood.
Disclaimer: The above editorial is a
conglomerate of my observations, from
various news media and personal
opinions. My personal views are a
reflection of what is wrong, versus
what is right when it comes to
current life challenges.
Congress is root cause to the majority
of chaos that exist in our country. Wall
Street greed and criminal behavior has
become the catalyst of financial doom
for the masses.
Americans, need to clean house and evict
the culprits who have misused their
office. Furthermore, they need to
prosecute, do what ever it takes to
bring down corporations, that are guilty
of poor ethics and moronic business
decisions. Bailing out these companies
with taxpayer money, is not the answer!
Let them fold! As a whole we will be a
lot better in the long run, without
these crooks. I am exercising
my personal rights to free speech. I
know "You can satisfy some of the people
some of the time, but not all of the
people all of the time. Otherwise, if we
are of like minds and you agree with my
observations, I welcome you as a Client
and/or Associate.
Keep in mind always: There are 3 types
of people. 1. Those who make
things happen 2. Those who watch
things happen. 3. Those who wonder
what happened after it is all said and
done. Consider your self educated
as to what is going to happen in the
future. Questions is, Which type of
person best describes you. The
answer will determine your future. Will
you be a Victim of the Economy or will
you become a Leader. Leaders will
overcome and excel by taking Action to
right what is wrong for them selves.
It is to risky to depend on or wait for
others to do so. -
Last Update 06-07-2009 see
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