In Business Since 2001 We accept Paypal
Home for Writers for Publishers Article Directory Article Search
Guides
Article Marketing Secrets
20-Min Article Writing
Author Resource Box
35 Traffic Strategies
Kindle Uploads 101
Fantastic Fiction Decoded


Click Here to
see on Amazon


Site Navigation
Home

Writing Services
+ FAQ

FAQ

+ About Us
+ Blogs
Search Tools
+ Search Our Articles
Article Directory
+ Authors
+ Articles
Other Sites We Own
Writing Puzzle

Professional Book Marketing

Platt Publishing

Marketing Help


 
Article Teaser: "I have a pension and it'll have to be enough!" As a financial Advisor over the past 10 years I have often heard this statement. It was difficult 10 years ago to explain to future retirees why this was an impossible belief to hold. 10 years ago no one would believe the changes that would occur in our world view.

Keep reading below...

The Decline and Fall of the Retirement Empire

Copyright (c) 2010-2017

"I have a pension and it'll have to be enough!" As a financial Advisor over the past 10 years I have often heard this statement. It was difficult 10 years ago to explain to future retirees why this was an impossible belief to hold. 10 years ago no one would believe the changes that would occur in our world view. Then, the economy ebbed and flowed, Bear and Bull markets were manageable. People just waited out the economic downturns. They didn't sell their stock, they held and kept all of their investments, many of which they themselves had purchased from their own jobs or were given to them as gifts from their parents.

Here we are 10 years later looking back at our retirement planning and the fallout effected by the stock market conditions of March of 2000, that changed the way we invested forever. We sold stocks, we no longer held and kept them for our lifetime. We realized the astute ideas behind exit strategies for selling stock, utilizing stop/loss strategies to protect the profits of our investments and questioned wisely, the usefulness of selling short or on margin.

Preparing for retirement 10 years ago the employee was often provided a future pension through his employer. This pension may have been provided strictly by the company profits at a time when business growth could be projected year by year. Or the pension may have included employee participation in the still fledgling pre-tax contributions to 401(k)'s offered by corporations to help the workingman provide for his own retirement.

Many people participated in the former pension because their employers provided the funding. Less took advantage of the latter opportunities because they either did not feel they could afford to contribute to the investment or they felt that the pension and/or Social Security benefits offered by the Federal Government would be enough to cover the lifestyle of their retirement future.

Either way it was certain that the employee had very little comprehension of the value of the pre-tax savings and the impact upon their future retirement lifestyle. Employers were also shortsighted looking only at the relief from having to provide an employee pension, not necessarily invested enough into the practice to assure the employee would take advantage of the benefit; and certainly not interested enough to assure the employees had options that would give them really good mutual fund choices and diversification into more than just bond funds or large cap growth funds.

Little did we realize that the pension would go away and that the pre-tax function for saving for retirement would be the mainstay of millions of Americans. A better understanding of how the 401(k) grows in relation to tax-deferred income, reducing income taxes and building a nest egg based on lifestyle needs, has improved the employees ability to recognize the importance of saving for their own retirement.

Now we need to protect our affluence. We need to keep watch over the economic impacts that will upset the continued prosperity and remain aware of the political moves that will affect the stock market. This is often difficult because of the hidden agendas of the political parties.

Some people believe that what is happening to our wealth through loss of pensions, diminishing Social Security for future generations, our current 401(k) investments and the governmental determination to spread the wealth around through taxation and distribution is considered part of the cycle of change which will somehow better the economic situation for all Americans.

Recognizing that to hold this belief means that people feel they can still control the costs and expenses of retirement by simply tightening their belts and foregoing the dreams of travel and hobbies almost inherent to the retiree. What a surprise to find they are now subsisting in a lifestyle that is denuded of the anticipation of living a better retirement life than the previous generation. The need to try to control your retirement economy begins with you, your saving, your spending habits and your debt. These are things you can control to give you the life you can expect as a retiree.

Market Gurus kept anticipating the return of the market after March of 2000. On September 11th terrorism began the decimation of our economy, societal changes from an industrial nation to a service industry as corporations outsourced more and more of our jobs overseas added to the job losses, and the economic impact of stock market underhanded graft and large investor control caused a continuing financial drag on our lives and prolonged the healthy return of our savings and our standard of living.

When I questioned myself as to how the economy would ever make a return to "normal" with increasing job losses in every sector and increasing unemployment and government takeovers by "stimulus packages," I began reading and researching. A few months later reading about the devastating impact of the American Civil War on the economy of the United States, I found the answer to the turn of the century wealth that brought our country back to prosperity after the Civil War and found that it was pretty much based on the Industrial Revolution and all of the industries that evolved so quickly because of it.

Today, we are a service-providing nation. We used to provide services all over the world and while we still do, as a Nation the services are provided through American Corporations by cheaper labor in outsourced countries that have raised their standard of living while ours has dwindled. Is all of the planned Socialization of America blamed on government policies and political issues designed to change voting habits, or on the cycle of change that will inherently make the United States of America a better place to live?

What I see is a return to a life with fewer opportunities for this generation to become more affluent than their parents through hard work, education and vision because of huge government spending and now even less interest in building new job opportunities. Our future will hold very little opportunity to travel domestically or to foreign lands because of the inability to afford the luxury of gas for your automobile or the exorbitant costs of flying and train travel. Staying home within a provincial, small town atmosphere will deny us knowledge of a better life beyond the borders and where soon you will, again, be controlled and told what to think, what to do, how to work, where to live, and expect nothing more from life reminiscent of the earlier era's when there was no middle class only upper and very low classes. History does indeed repeat itself, but I thought we were to learn our lessons.

Is it only for the conservatives and independents to learn the lessons while the liberals consider how they can make slaves of the lower class through socialism and demagoguery? Jobs have always been available in health care but today it is not in the higher echelon of Degree level Nurses but in the lower stratum of home care aides; not in the High tech industry of computer designs but designs developed by computers. While our government provided opportunities for jobs, now they own and compete for jobs against the entrepreneur, becoming the largest employer this country has ever had. Who will break up "Ma Bell" today?

Some people might say "Get over it! You have had a great life in middle class America, it's time now for the lower classes to move into your world." I'm afraid the only way this will happen is if we descend to the level of the lower classes through a loss of our retirement savings and the increase in taxes causing the demise of the middle class. Now there will only be two classes and history has repeated itself. I should have titled my article ...The Rise and Fall of the Third Reich... I mean Third Class...


About The Author: Shop Amazon - Top Gift Ideas
Irene A. Majchrzak helps people retire debt-free with a sense of well-being and the freedom to have the things they want. Get her free ebook, Debt Free to Retire, by going to http://debtfreetoretire.com/

Follow "The Phantom Writers" on Twitter (@phantomwriters)
to be notified when new articles are made available.


VOTE ON THIS ARTICLE
Needs Work >> 0 - 1 - 2 - 3 - 4 - 5 << Excellent Article

Tell our authors what you think about their article.



Top-Level Category: Career Articles || Related Categories: Finance Articles and Society Articles

10 Most Recent Articles Written by Irene A. Majchrzak

Understanding Your 401(k), IRA and Other Pre-Tax Investments
Written by: Irene A. Majchrzak | Distributed: 2010-08-03 | Word Count: 1005 | Page Views: 3075
What does all of the bad economic news mean to you, the average investor. Well, if you are still working and contributing to your pre-tax 401(k)'s, 403(b)'s, or IRA savings your strategies for salvaging your retirement will include reviewing all of the investment options found in your 401(k), etc.

Stock Market Falls Sharply
Written by: Irene A. Majchrzak | Distributed: 2010-07-27 | Word Count: 879 | Page Views: 2719 | Votes: 4 | Rating: 1.00
The stock market has been having a bad week. Wednesday the market ended the day down over 300 points. I heard reports that this was the result of investors taking their profits. Happens all the time. Then within a few days, the prices on many great stocks is so low that the investors are buying the stocks right back up.

The Effect of Inflation and Deflation on Retirees
Written by: Irene A. Majchrzak | Distributed: 2009-10-27 | Word Count: 1324 | Page Views: 4452 | Votes: 5 | Rating: 1.00
When we worry about how long our retirement income will last, we consider so many factors. The current economy is causing a drain on 401(k)'s and IRA's. So we have become much more cautious about withdrawing money to use it as part of our pensions.

Taking Advantage of the Stock Market
Written by: Irene A. Majchrzak | Distributed: 2009-07-09 | Word Count: 738 | Page Views: 2962 | Votes: 11 | Rating: 2.82
Is the market rebounding? The Dow, leveling out each week because it gets a rise in the market one day and a pullback the next day, comes from investors' taking their profits. This will probably continue for a year or so until the really large investors such as Hedge Fund Managers, Institutional Investors like Mutual Fund and 401(k) managers start purchasing the really great stocks at lower prices for the longer term. You may have questions... This article will show you how you can take advantage of the current stock market conditions...

Protection of Your Hard-Earned Retirement
Written by: Irene A. Majchrzak | Distributed: 2009-07-07 | Word Count: 872 | Page Views: 2296 | Votes: 13 | Rating: 2.54
Many articles discuss debt, what it is, how to get out and stay out, how to learn to spend cash instead of using credit cards and how to give up the bad debt habits developed over a lifetime. More articles discuss your retirement accounts, what the mutual funds really look like internally, how to choose investments based on your tolerance for risk and different strategies for investing in today's economy. What is only lightly touched on is protection of your lifestyle today and in Retirement, which is what you will discover in this article...

Debt, America's Greatest Failure at All Levels of Society
Written by: Irene A. Majchrzak | Distributed: 2009-04-21 | Word Count: 775 | Page Views: 2493 | Votes: 2 | Rating: 3.00
The truth is debt management cannot start early enough. When your debt is minimal, for needs only, you can stop the bleeding from your bank account and investments by buying less. Begin to learn how your buying and spending habits contribute to your debt. Uncontrolled Debt has the most disastrous effect on your lifestyle and retirement.

The Joy of Being Debt-Free
Written by: Irene A. Majchrzak | Distributed: 2009-04-16 | Word Count: 429 | Page Views: 3762 | Votes: 9 | Rating: 3.00
Being debt-free! What would that mean for your life? It could mean the difference between a good retirement and a great retirement leading to more freedom to have the things you want.

All of Author's Articles on this site:

Most Recent "Career" Articles

The Keys to Writing a Killer Resume Cover Letter
Written by: Gerald Penniston | Distributed: 2013-07-24 | Word Count: 904 | Page Views: 1577 | Votes: 2 | Rating: 0.00
As a job seeker, you must understand the importance and value of a professional resume... Do you, however, also take stock of the importance of a well-written cover letter? Many job seekers fail to realize that a cover letter completes a resume, and both should go hand-in-hand.

How to Write a Resume - Simple and Complex at the Same Time
Written by: Rebecca Hawkes | Distributed: 2010-12-09 | Word Count: 438 | Page Views: 3486 | Votes: 7 | Rating: 2.29
Writing an effective resume is as much a creative art as it is a logical puzzle. How do you take 500-600 words and make them jump out and scream "hire me" to an employer? It's a skill that needs constant refining.

3 Cutting Edge Steps Show You The Real Way To Make Money Online
Written by: Ryan Parenti | Distributed: 2010-11-16 | Word Count: 742 | Page Views: 2894 | Votes: 3 | Rating: 0.33
Tens of thousands of people all over the globe are quietly cashing in on what may be the only recession proof industry -- at the very least it's one of few industries maintaining consistent and enormous growth! These people... well, these are just regular folks who have decided they want some extra income and have turned to information publishing for profit (staggering profit). Here is how they do it.

The Perspective of Dawn
Written by: Barbara Wulf MS, ACC, CPCC | Distributed: 2010-03-15 | Word Count: 560 | Page Views: 2492 | Votes: 3 | Rating: 1.00
For years, I have been a night owl as opposed to an early bird. I embrace beautiful sunsets, bur rarely, on purpose, strive to witness a glorious sunrise. Recently while on a Caribbean cruise, with Diane Ackerman's book in hand, I challenged myself to be an early riser to discover the beauty of sunrise rather than my standard, sunset. It was a chance to try a different perspective. And, it was rather enjoyable.

The Top Ten Mistakes Made in Job Interviews and How to Avoid Them
Written by: Cecile Peterkin | Distributed: 2010-03-11 | Word Count: 650 | Page Views: 3363 | Votes: 4 | Rating: 1.00
A job interview is your chance to shine. Now that you've been given this opportunity, it's critical that you don't waste it. Here are the top ten mistakes made in job interviews and how to avoid them.

Plan Ahead: Your Personal Body Art May Carry An Unforeseen Cost
Written by: Eileen Howerton | Distributed: 2010-02-25 | Word Count: 532 | Page Views: 2624
Over half of all tattoos that are given each year are spontaneous, and given without plan or thought. While these tattoos seemed like a great idea at the time, many young people are finding out that these tattoos are costing them more than the charge to have them put on.

New Year Still Is A Time Of Uncertainty For Economy
Written by: Barbara Wulf MS, ACC, CPCC | Distributed: 2010-02-02 | Word Count: 509 | Page Views: 3011
As we look back on the first decade of the new millennium, we realize in many ways it was a dud and disappointment. We witnessed the World Trade Towers being toppled with senseless terrorism. We closed the decade with the toppling of the global economy that resulted in high unemployment and massive job loss for young and old, skilled and unskilled.

She's After Your Money
Written by: Scott Bywater | Distributed: 2009-12-14 | Word Count: 460 | Page Views: 2246 | Votes: 1 | Rating: 0.00
Who would you rather be? The guy who had just managed to inherit a tidy sum from a bank before he left and had $700,000 in the bank... but had no money and limited skill? Or the guy who had invested the last five years of his life to gain the knowledge to practice as a specialist in this country with highly sought after skills. Many people would probably say the first guy.

Job Searching and Staying Marketable in a Recession
Written by: Cecile Peterkin | Distributed: 2009-08-11 | Word Count: 507 | Page Views: 2666 | Votes: 9 | Rating: 1.56
Job searching is never fun, nor is it something that is particularly comfortable for the majority of people out there. It can be frustrating, but ultimately, it can prove to be an extremely rewarding experience. There are additional challenges that exist, however, when it comes to job searching in a recession. Here are some helpful tips to ensure you'll be successful.

Volunteer Abroad with a Clean Conscience
Written by: Stephen Knight | Distributed: 2009-08-06 | Word Count: 923 | Page Views: 2737 | Votes: 6 | Rating: 1.67
Guidance for anyone thinking of volunteering abroad who is concerned about the negative impact of air travel.

Most Viewed "Career" Articles

Why Becoming a Pharmacist Means You Don't Have to Worry About Student Loans
Written by: Jennifer Charleston | Distributed: 2008-09-26 | Word Count: 692 | Page Views: 34114 | Votes: 94 | Rating: 3.10
So you want to become a pharmacist but are not sure where to start? Unlike other careers, there really is only one way to go about becoming a pharmacist. And that is to attend a university and gain a degree. For this reason all prospective pharmacists must have fantastic study abilities as well as the commitment to see out a long six year degree.

10 Killer Job Interview Questions and Answers
Written by: Carole Martin | Distributed: 2006-10-04 | Word Count: 1094 | Page Views: 19622 | Votes: 75 | Rating: 2.47
Behind every interview question there is a concern or another question. Your job is to process the question thinking about what the interviewer's concern might be. In other words, why is the interviewer asking you this question?

Why a Nursing Career is the Most Highly Rewarding Career You Can Choose
Written by: Jennifer Charleston | Distributed: 2008-10-06 | Word Count: 766 | Page Views: 19555 | Votes: 23 | Rating: 3.22
Nursing careers provide a richly rewarding career option. If you enjoy helping people and making a difference in their lives, then nursing is a wonderful career choice for you.

How to Know if You'll Make a Good Police Officer
Written by: Jennifer Charleston | Distributed: 2008-09-24 | Word Count: 789 | Page Views: 15639 | Votes: 35 | Rating: 3.34
Becoming a police officer means you'll be taking on the most noble of jobs. Police officers are highly respected members of any community who risk their life daily in order to protect citizens. For this reason, becoming a police officer can be risky although very exciting. No two days are ever the same for a police officer out in the field.

One Star that Doesn't Need to Shine: The truth behind the Order of the Eastern Star
Written by: Siobhan Gamble | Distributed: 2007-07-09 | Word Count: 831 | Page Views: 12092 | Votes: 33 | Rating: 1.45
Standing firm by the side of the organization that many of us know as Freemasonry, is a woman's auxiliary which was founded in 1868 known as the Order of the Eastern Star. It is the largest Fraternal Organization in the world. Also known as the "Star", OES is only open to women with specific Masonic affiliation and men who are Master Masons.

Job Interview Answers - What To Say If You Got Fired
Written by: Bob Firestone | Distributed: 2007-03-12 | Word Count: 747 | Page Views: 10832 | Votes: 19 | Rating: 2.95
Have you ever been fired from a job? Use these winning job interview answers to beat this tough question and get hired into the job you want.

Questions You Should Ask During The Job Interview
Written by: Carole Martin | Distributed: 2006-09-14 | Word Count: 680 | Page Views: 10432 | Votes: 14 | Rating: 2.79
At some point, usually at the conclusion of the interview, you may be asked, "Do you have any questions?" A common answer to this question is, "No, I think you've covered everything very well." This is the wrong answer!

Building and Sustaining Positive Relationships in the Workplace
Written by: Gail Solish | Distributed: 2006-10-04 | Word Count: 539 | Page Views: 9148 | Votes: 13 | Rating: 2.92
It's Monday morning and you've only been at the office for a couple of hours. The phone has not stopped ringing, you've barely made a dent in your emails, there is a project deadline looming, a team meeting to lead and your boss is concerned and hassling you about the project outcome. Does any of this sound familiar to you? Does it feel overwhelming? The truth is that order to be successful, productive and less stressed, you need positive, supportive relationships at work.

There's More to Culinary Arts Than Being a Chef
Written by: Jennifer Charleston | Distributed: 2008-10-09 | Word Count: 797 | Page Views: 9021 | Votes: 18 | Rating: 2.78
Culinary arts is simply the art of cooking. Working in the field of culinary arts usually involves preparing meals which not only taste good, but look great too.

The Pros and Cons of Teaching Abroad
Written by: Justin Burch | Distributed: 2006-10-31 | Word Count: 720 | Page Views: 7254 | Votes: 20 | Rating: 3.15
As it has been said, teaching abroad isn't for everybody. Each program you will encounter will require some prerequisites and the proper attitude, but will offer unique challenges and personal incentives to the right individual. Here is an impartial analysis of opportunities confronting both sides of the arguments you need to consider before deciding to teach abroad

Highest Ranked "Career" Articles

You Give What You Get In Your Career
Written by: Deborah Brown-Volkman | Distributed: 2007-01-23 | Word Count: 653 | Page Views: 2803 | Votes: 6 | Rating: 3.83
How do you treat the people you work with? Do you say hello in the morning or stare at something else as you walk by? Are you friendly or aloof? Are you only nice to those that you deem as necessary or can further your career?

Create Success-With Whatever You Have! 7 Practices for Creating What Matters Most In Life And Work
Written by: Bruce Elkin | Distributed: 2007-12-25 | Word Count: 1103 | Page Views: 3794 | Votes: 11 | Rating: 3.73
Seven Practices For Creating Almost Anything -- These 7 practices are no magic formula. But they will help you create outstanding results-with whatever you start with.

Online Medical Assistant Schools
Written by: Mark Stout, BSc, MD | Distributed: 2008-06-05 | Word Count: 399 | Page Views: 3350 | Votes: 6 | Rating: 3.67
Medical assistants perform administrative and clinical tasks to keep the offices of physicians, podiatrists, chiropractors, and other health practitioners running smoothly. The duties of medical assistants vary from office to office, depending on the location and size of the practice and the practitioner's specialty.

Federal Jobs Are Plentiful
Written by: Benji O. Anosike | Distributed: 2009-02-26 | Word Count: 1351 | Page Views: 4110 | Votes: 8 | Rating: 3.63
Think there are no job hiring anywhere in america today? Have you tried to job search in one place? Truth is, there are plenty of federal jobs with the federal government right now, with even increased worker hiring scheduled. And here's how and where!

You Gotta Go Through
Written by: Deborah Brown-Volkman | Distributed: 2007-04-25 | Word Count: 676 | Page Views: 3334 | Votes: 7 | Rating: 3.57
Are you facing a situation in your career that you thought you'd never face? Working in a job that you are overqualified for? Reporting to a boss that doesn't get or like you? Unemployed after years of hard work? Interviewing endlessly when in the past jobs came to you?

Interviewing And The Electric Toothbrush
Written by: Carole Martin | Distributed: 2007-01-18 | Word Count: 697 | Page Views: 2874 | Votes: 9 | Rating: 3.56
Many electric toothbrushes have a shut off mechanism that turns off the toothbrush after two minutes of brushing which is the time that someone decided was enough teeth-brushing for any one period.

How To Get What You Want In Your Career
Written by: Deborah Brown-Volkman | Distributed: 2006-09-26 | Word Count: 619 | Page Views: 3234 | Votes: 10 | Rating: 3.50
We all have something that we want in our career. Some people see potential where they work, so they want a big promotion and a large raise. Other people are ready for a change, so they want a different job or a new career. What do you want?

Lindsay Lohan's Peers May Choose Floriculture Careers
Written by: Wesley Berry, AAF | Distributed: 2008-04-03 | Word Count: 503 | Page Views: 4503 | Votes: 7 | Rating: 3.43
Unlike actress Lindsay Lohan, most twenty-something-year-olds are spending a great deal of time thinking about career choices. Though Lohan has been acting for many years now, friends she grew up with who are not in the entertainment business are in the midst of their college education years or are beginning jobs in the "real world." With the millions of career possibilities out there, it can be very difficult to decide which path to take. One path available to Lohan's peers is a career in the floriculture industry.

Successful Federal Resume Writing Tips
Written by: Jason Kay | Distributed: 2007-01-17 | Word Count: 1108 | Page Views: 4027 | Votes: 7 | Rating: 3.43
Applying for a federal job may seem a bit intimidating, due to the long list of special requirements regarding your application. One of the requirements is a resume in a certain format, known as a federal resume.

Finding High Paying Finance Jobs Online
Written by: Sandy Kassenbaum | Distributed: 2006-07-05 | Word Count: 370 | Page Views: 2799 | Votes: 5 | Rating: 3.40
Finance jobs are found on employer sites, job boards, recruiter sites and niche sites specifically focusing on the finance profession.












Download an eBook today
 
Directory Navigation
Locate By Author

Locate By Category:
ALL Categories
Arts & Crafts
Arts & Entertainment
Automotive
Business - Offline
Business - Online
Career
Computers
Education
Family
Finance
Food & Drink
Health & Wellness
Home & Garden
Humor
Internet
Nature & Pets
Real Estate
Religion
Self Improvement
Shopping
Society
Sports & Recreation
Technology
Travel & Leisure
Uncategorized
World Events
Writing & Speaking

Change Number of Results:
50 - 100 - 200 - 500
Article Reprint Rights
Creative Commons License

This work is
licensed under a
Creative Commons
License


You are not required to show the creative commons license notice when you reprint this work.
Article Publishing Tools
Print Article
Email-to-Blog
HTML Source Code
Text Newsletter Format
Link Back HTML

Blog Publishing Tools

Internal ID: #7383
Article Statistics
Word Count: 1317

Total Views: 2723

Article Rating: Not Yet
Votes Cast: 0

More Articles By Author:




Article Title Search:

Widow Search
Right Blinker
Google
Yahoo!
Zuula
Bing
Cuil

Last Distribution Date:
2010-03-10 10:45:00






All Articles are Copyright © 2001-2017 of the Defined Authors.

All other material and images on this site are:
Copyright © 2001-2017, ThePhantomWriters.com