Posts Tagged ‘loopholes’

Public pensions nationwide are crumbling. Legal loopholes are widening. If you don’t take action to protect yourself and your loved ones, you could be left with nothing….  this is not a hypothetical.

In 2001, the vast majority of pensions were fully funded. Generally speaking, “well-funded” means above 80%. But 50% funding or less is considered the “crisis point.” It’s extremely difficult to come back from 50% or less.

According to a new report from The Pew Charitable Trusts – an independent research organization – pensions in Colorado, Connecticut, Illinois, Kentucky, and New Jersey are less than 50% funded. In fact, New Jersey sits at the bottom of the list… its pension is only 31% funded.

If you’re one of the tens of millions of affected Americans, you should know… you have zero control over what happens.

But there is a solution….  You can move money from your pension….  This gives you total control of your money.” -David Eifrig

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