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Protecting Your Retirement Nest EggSocial security is falling faster than we first thought. In last year’s trustees report, the social security administration warned that the program’s trust fund would likely run out by the year 2036. Now, if that weren’t bad enough for anyone expecting to be alive then, a more recent projection from congressional budget office paints a much worse picture. By the end of this year, the social security trust fund is expected to be 800 billion dollars smaller than last years projections. That’s a significant drop. Just a few years ago, the social security administration put the “run dry” date in the year 2042. As each year passes, the social security “run dry” date is getting closer and closer.

Now, what all this comes down to is this: if you are planning to retire soon and rely heavily on social security benefits, this is bad news. I’ve said it before. You can’t necessarily depend on social security if you want to retire comfortably. That’s why it’s important to choose retirement vehicles that will carry you through even after the bottom falls out of social security. The message is crystal clear. Save money for your own retirement or face a scary, unstable financial future.

You might look at the anticipated “run dry” date and say you have plenty of time to prepare your finances for that shortfall. What you have to realize is that the date is getting closer and closer. If you don’t start today, you may not have time tomorrow.

Empower Your Future
Learn more about protecting your nest egg for your retirement years at my free seminar “Avoid Cracking Your Nest Egg on April 10, 2012 or April 12, 2012 at Blue Dolphin Seafood Bar & Grill in Maryland. This is an exclusive seminar with powerful knowledge to help you with your financial portfolio.

You must call ahead to reserve your seat. Tel : 1-800-536-1327

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