In a new report by the Government Accountability Office (GAO), over half of all Americans have no retirement savings at all, and many more are too underfunded to be able to quit working once their golden years start to come upon them. And with Social Security become more insolvent every day, with a few projections putting 2017 as the year the fund no longer can sustain payments from receipts, it will soon be extremely difficult for you to have any expectation of retirement through the conventional means of Wall Street or in personal and corporate pension funds.
On top of this, the stock market appears to be on the precipice of a huge correction, and has already fallen close to 10% in just the past two months. Yet this alone doesn't tell the entire story as sovereign and corporate bonds have collapsed as well, and the entire global economy is in the midst of a deflationary spiral.
The one segment of the market that has risen however is gold, and may be finally turning the corner as the dollar begins to fall. China started the metals move upward when they devalued their currency close to 10 days ago, and since that time both the dollar and the stock markets have reacted with a negative response.
Planning for retirement takes time. Saving money is a slow process. There was a time when simply stashing money into CDs and savings bonds was enough to have a nice nest egg if you were diligent enough. Yet for the last decade, most banks are paying close to zero percent on their savings accounts thanks to the Fed’s low rate policy to juice the markets. Since the true inflation rate is much higher, you are essentially letting your money rot away. So the only other option is for people to invest in the stock market or try to leverage into real estate.
The stock market is largely an arena for the wealthy. Half of Americans own no stocks at all.
And the idea that all older Americans own their home free and clear is simply not true. Only 35 percent own their home free and clear from debt (and this does not mean they don’t have expenses like taxes, insurance, and maintenance). 24 percent are still saddled with mortgage debt. And 41 percent do not own a home meaning they have to pay rents that continue tooutpace any wage gains.
The median net worth of those 55 and older is $34,760. This is basically one small illness from bankrupting this family. The median annual income of those 55 and older is $18,932 which makes them part of the new low wage America cohort. On the retirement side 48 percent have some retirement savings (not much). 29 percent have no pension or retirement savings. And 23 percent have a pension but no retirement savings. In the end, it is a tough situation for many older Americans. And that is why older Americans rely heavily on Social Security as their primary source of income into old age: - My Budget 360
So if the stock markets, the bond markets, and real estate will no longer provide for your retirement years as they once did before inflation and unsustainable debt became part of our nation's monetary policy, what is the solution to not only saving for your golden years, but building your wealth right now where it protected from the dying financial system?
The answer lies in Karatbars.
Buying gold through Karatbars is one of the easiest things on the net. In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.
And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system. From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.
Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet. And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.
But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate. Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.
Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.
How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money? And there is never a mandatory requirement to buy beyond what you desire, on your own schedule. And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.
The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold. And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?
To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.