Retirement Planning Changed: What You Must Know…

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A watershed event changed the world of retirement planning in the last two decades. Did you see it? Do you know what it is? You’ll want to understand what happened and what it means so that you can secure your financial future despite all these changes.

In my latest Top 50 Article addition – Pensions Trends Say “You Are On Your Own” for Retirement Planning – I distill the brave new world of retirement planning into its most basic elements so that you can understand the implications and plan accordingly.

In a nutshell, the paternalistic days of employers and government providing a guaranteed retirement income for life are coming to an end. Social Security and defined-benefit retirement plans are fast becoming relics of the past to be replaced with individual savings accounts and defined-contribution plans.

It is absolutely essential to understand that changing from defined-benefit to defined-contribution plans is more than just fancy words or semantics: it is a sea-change in how retirement planning is done… a totally different ballgame. It removes the burden and responsibility of retirement planning from the shoulders of corporations and government and places the whole enchilada squarely on your shoulders. It converts socialized retirement planning into individual retirement planning.

It is a big deal with serious implications for everyone.

In this new article I explain how this fundamental change occurred and why. I then explain the implications to you and what you need to do about it to secure your financial future.

The new reality of retirement planning means your role and responsibility has shifted from passive to active. You either get in the driver’s seat to secure your financial future or face an insecure retirement as a consequence. A new premium has been placed on your financial literacy and investment skills.

Are you ready? Do you know what to do?

Please tell me what you think about this new article in the comments below…

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