60 Minutes, the CBS Sunday news show, recently did a story entitled “Retirement Dreams Disappear With 401(k)s”.  Here’s a brief excerpt:

The effects of the current economic crisis have touched everyone. Even if you still have a good job and a paid up mortgage, chances are your monthly 401(k) statement will remind you that you’ve lost a good chunk of your savings.

Trillions of dollars have evaporated from those accounts that have become the prime source of retirement funds for a majority of American workers, affecting their psyche and their future. If you are still young enough, there’s time to rebuild and recover, but if you are in your 50s, 60s or beyond the consequences can be dire, and its drawing attention to the shortcomings of a retirement system that has jeopardized the financial security of tens of millions of people.

So, who’s to blame? Is it really the retirement system?

NO…absolutely not. 401(k) and IRA plans are not the problem. They are simply “baskets” that can hold whatever investment you choose…tax-deferred or tax-free, until retirement age. (You have probably seen the depiction of retirement funds…”nest eggs”, in a basket.)

The real blame goes to…guess who?  Wall Street and Uncle Sam. What a surprise!

Unfortunately, the investigative piece from 60 Minutes doesn’t drill down far enough to uncover the truth.

The story never points out that according to a Congressional Act passed in 1974 (ERISA – Employee Retirement Income Security Act), you can invest retirement funds into anything except life insurance contracts and collectibles.

In other words, with your “basket”, you could be investing in real estate, tax liens, mortgages and notes, precious metals, equipment leasing, businesses and much, much more.

The 60 Minutes report focuses only on investing in securities (stocks, bonds and mutual funds). Why is that? Actually it’s quite easy to understand…just follow the money.

Ever since ERISA went into effect, the “Wizards of Wall Street” have been relentless in their pursuit of those trillions of investment dollars. And, they have done a tremendous job of convincing people that the only choices they had for retirement investing was into their products. And, to top it off, Uncle Sam hasn’t done one single thing to correct the misconception.

Employers are also generally unaware of what ERISA really says, and what investment choices are available.  They too, have trusted the plan administrators who have operated in concert with Wall Street to limit choices to mostly mutual funds.  So, in reality, employers have given their employees no choice at all.

After reading the entire 60 Minutes report, it will be abundantly clear that YOU…THE INVESTOR have always been on the short end of the stick.  No one is watching out for your best interests. And, the rules of the game have always been slanted in favor of those who would seek to make as much money off your retirement funds as they possibly could.

The “smarter than everyone else” brokers and bankers knew that by creating a very complex investment system, you would be overwhelmed and simply defer to their “better judgment”. And, we all know that the “Wizards of Wall Street” really do know how to confuse and deceive people…even themselves and the ones who were supposed to be regulating them.

Isn’t it time for a good, old fashioned, one-person revolt?

TAKE CONTROL OF YOUR OWN RETIREMENT FUTURE…RIGHT NOW!

It’s not too late.  There are many, many ways to invest your retirement funds that can produce excellent returns.

It won’t be easy, but do you really want to work until you’re 75 years old?

This is a SHOCKING REPORT and you are urged to read every word of it.

Read the 60 Minutes Report (Click Here). Then, contact us to learn more about what investments you might choose for a Safeguard Financial Self Directed IRA that will give you ultimate and final checkbook control over your own retirement funds.

Safeguard Financial
877-229-9763
irainfo@IRA123.com
www.IRA123.com