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The Lazy Way to Early RetirementPosted by Roth-IRA-401k on: 2006-03-21 09:30:04 in category:
Retirement Planning News [ Print | Permalink / 0 Comment(s) ] The Lazy Way to Early Retirement William Cate The Lazy Way to Early Retirement By William Cate You can work hard for 45 years. If you plan carefully, you'll have a company pension, your tax-deferred savings and Social Security. You'll have missed out on the best years of your life. And, your retirement nestegg may not keep you financially secure for the balance of your life. Social Security is a Ponzi Scheme. Retirees are paid from current wage earners' revenue into the program and not from the income earned from the retirees' Social Security payments saved and invested wisely by the Government. In the past, Government squandered excess Social Security funds by giving them to other Government programs. You don't have any money in Social Security. The Government has an unfunded obligation to pay retirees Social Security. This isn't a good base for you to plan your retirement. Society Securities retiree payments are adjusted by the Consumer Price Index, which is about half of the real inflation rate. Company pension plans are usually a fixed income retirement source. Over time, inflation will reduce the buying power of your monthly pension plan dollars below the poverty level. Saving programs of any kind are losing propositions because inflation almost always exceeds interest income paid by the conservative institution. You'll pay lower taxes on your tax-deferred savings, but the after tax dollars will buy less than they did when you put them away for a rainy day. If you are top management of a major company, your retirement package will be large enough to allow you to avoid poverty. If you are the average employee, retirement security is usually an illusion. If you doubt me, ask people who have taken the traditional retirement path and retired at least a decade ago. The "Golden Years" are a security myth for most Americans. There are alternatives to buying into the American retirement dream. Some take hard work, like create a company, build it for a decade and sell it for millions. You retire on the millions carefully allocated to ensure that you will have a quality lifestyle to the day you die. Business startups are risky. However, it works for workaholics willing to work a day week and twelve hours a day. Any lazy way to retirement takes research and intelligence combined with a strong sense of caution. As with the "Golden Years" illusion most paths to early retirement are fantasies. Look carefully, before you leap into any easy shortcut to the good life. The lazy way to early retirement is to wisely invest your nestegg into a low risk, high return cookie cutter opportunity that allows you to reinvest your profits until you have a bundle of money upon which to retire. As I've said, most of these offers are scams. You must investigate before you invest in anything. Here's an example of what proved to be a good deal for everyone, including early retirees. About fifteen years ago, the European Union (EU) planned to expand into Central Europe. They realized that many Central European manufacturers couldn't compete with their Western European rivals, without modernization. The EU purchased these firms and offered them to Western European Financial groups for one-dollar. The buyer's obligation was to spend millions of dollars on upgrading and modernizing the plant to make it competitive. Once the buyer had fulfilled their financial obligations and modernized the plant, the EU gave the owners a low-interest loan (3%) to cover 92% of the investment. The investors recovered 92% of their risk capital in less than one year. The increased efficiency and production of the Central European plant paid the low-interest loan and paid the investors at least 15% annual dividends. In many cases, the investment group sold the plant within two years and more than doubled their money. If an investor in one of these EU offers risked $20,000, they recovered their risk capital in about two years. The EU refunded $18,000 in less than a year and the dividends paid the $2,000 in less than two years. If the plant was sold in two years, the investors at least tripled their money. Do this sort of investment a few times and you can retire early. For anyone who will intelligently look there are always scores of low-risk, high-return ways to retire early. If you are seeking your road to early retirement, you should visit: [http://home.earthlink.net/~beowulfinvestments/globalvillageinves tmentclubwelcome/id39.html] It's an offer to explain in a teleseminar how some people have been making enough money to retire with a bundle in the Market in a few years, without much effort. The other assumption is that you have a nestegg to risk, if you find the right early retirement opportunity. You can work hard, live frugally and create your nestegg. If you are wondering how I did it and continue to make money with little effort, visit: [http://home.earthlink.net/~beowulfinvestments/beowulftrading/] You need not take my path to financial security. However, you should give serious thought about your future and that of your family. Things are getting worse in the world, not better. Without a plan, you won't like the future. About the author: William Cate is the Executive Director of the Global Village Investment Club [http://home.earthlink.net/~beowulfinvestments/globalvillageinves tmentclubwelcome/] and the Managing Director of Beowulf Investments [http://home.earthlink.net/~beowulfinvestments/]. He's been a stock market consultant for over twenty-five years. He's been a jungle trader for over 35 years. |
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