Pension Plans: Is it Really Possible to Retire on Them?

Pension Plans: Is it Really Possible to Retire on your Pension Plan?

Pension Plans also known as Retirement plans are the most favourite financial instrument of the employees who are working at Government or at some private corporation since decades.

In fact, parents and grand parents advise their children to invest some amount every month in Pension Plans. In the USA the most widely used pension plan is the 401(k) and in India, it is Employees Provident Fund Scheme (EPS) and in every other country, they have their own pension plans.

Most of the Employees in India & USA are depending on their pension plans so that after their retirement, their pension plans can provide them regular and steady income.

But unfortunately, the Truth is that if you are in your fifties today or already retired and living on the pension income today than very soon (Within less than a decade), it will be impossible for you to retire only on your pension plans and pension plan income.

This is because the Central banks and governments from all around the world are printing literally billions and trillions of new money out of thin air and pushing it into the economy and diluting the purchasing power of the existing money in the economy by causing uncontrolled inflation.

So very soon, thee money in your pocket, bank savings accounts, saving schemes and Pension Plans will be worthless. The newly printed money will literally drive the price of all the goods and services in the economy so much high that you won’t be able to retire on your pension plans or saved money.

Thus, people who are right now investing in the pension plans regularly every month hoping for the financially peaceful retirement will become fool.

Unless the governments from all around the world stop printing money out of thin air like hell, you can’t be retire peacefully on your pension plans.

So if you are in your twenties, thirties and even forties today than simply forget the idea of retiring on your pension plans. This is because in the next decade only, you won’t be able to afford anything from your pension plan income.

This is because the rules of money have been changed. The modern money is not money in the true sense. It is just a psychological feeling of being money. But in reality it’s just a printed piece of paper without having any intrinsic value in it.

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You Can download my eBook right now for FREE and learn these basic 6 lessons on money and 10 commonest Myths about Money.  These are the lessons about money that rich people teach their kids but the poor and middle class don’t and that’s why they remain poor.

So if you have not taken such kind of financial education from your parents or you want to impart the new generation financial education to your children than simple download my FREE eBook and learn these new lessons on Money.

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