This is a topic we
should all start to consider soon after we start our working lives – but who thinks of such things at such a young
age, and most only start to save for retirement in late 20’s maybe after marriage .
The most popular ways we use to save for retirement is to
either subscribe to traditional (Conventional) pension scheme - invest in
property – precious metals - antiques etc – all of which have merit – however let’s
briefly consider today’s situation.
Traditional Pension schemes offered by a number of insurance
and other financial institutions – the basic principle - is for your subscriptions to be invested
over a given number of years to provide sufficient profit to allow the beneficiary
(you) t purchase an annuity which will hopefully give sufficient income to last
the rest of your life - recent developments in the insurance – pension industry
have put a question mark as to this was or is a right decision! (Note - directors
of insurance companies are getting their fat salaries and bonuses)!
Property can and has been particular successful when
capital values were continually rising and much successful business paying high
rent and good salaries to employee’s.
However given the current state of the world’s economy many
individuals and even business are struggling find rent money, however property maintenance
and management fees still need to be paid
Antiques – there will
always be buyers good quality genuine – but the question need to ask - will the
high prices continue to be met.
Precious metal – is (
or was) a safe bet IF you bought a few
years back – that’s not to say Gold / silver will not increase in value – it possibly
will– however the “getting in” price will now very high – and it is a something
of a gamble prices will keep going up!! And how much will you need to invest to
be sure of ongoing profits
To my mind - having personally proved it - “The Better Alternative
to Pension, is something few will seriously consider, as it requires us to do something
we are not used to doing (outside our comfort zone).
And that’s working with an Internet company who has been
paying members 2% per day since 2004 (now over one million members).
Having failed to correctly save for retirement I found
myself facing a bleak time during my so called “Golden years”, and maybe it was
the thought of not being able to live and enjoy a reasonable life style in retirement
forced me to look for better alternative to a pension –being too old to start the
traditional way to save for retirement, and to purchase sufficient quantities
of Gold or Silver was beyond my means!
Long story short I
decided to test out a program being offered over the Internet claiming to pay
2% per day and with a built in compounding facility
On the basis that $200 would not prevent my having my lunch –
in March 2011 - I placed (Risked) just $200 and compounded my 2% daily earnings
- and in February 2012 - I was able to withdraw $8400 which in anyone language -
$8400 from $200 in less than 12 months is not at all a bad ROI.
Using just $2000 of that profit I went back in and can now
withdraw $200 PER DAY- however as I am not yet in real need of money, I will
continue to compound my ever increasing daily profit and well before Christmas
2012 I will comfortably be able to withdraw over $600 per day-$18,000 per month
– $216,000
PA and this will keep being paid (and increasing) indefinitely –
To me that’s better than saving for retirement for many
years – owning property and or Antiques