It is a fact that by age 65, ninety five per cent of people are either dead or dead broke. How can you change this statistic in your situation? Many people are building up their pension for their retirement. So ask yourself a few questions about your pension? What will my retirement look like? Am I saving enough? How much money will this provide me on a monthly basis? How much is my pension costing me? There is a difference on how much you pay into your pension and how much it costs you.
Many have put their retirement into the hands of others. Trusting that the company they have invested with will take care of their Irish pension. Irish Pension accounts today are less than half of what they were two years ago. The value has come up slightly but how much longer will it take for it to return to where it was? What if the stock market takes another downturn how will your pension perform? Let us say that your pension returns to the value it was originally two years ago, in the next three years. I am being very optimistic here saying that your pension will double in value in three yours. Ask yourself did I really make any money? Many would be happy with that. Basically three years of no growth, but at least I did not lose some will say. You have lost. The cost of money, inflation, will go increase in the years to come. What the euro buys today will not buy in five years. You will need more money to keep up with inflation. Inflation has not been a problem for the past few years but it will be down the road.
Did you know that you can manage your own pension? You can take your existing Irish pension and put it into a SART (Self Administered Retirement Trust). Using the TICN 4 X 4 system you can buy a quality company, at the right price, insure your money and finally collect a monthly rent. I have managed and administered my own pension for years. I know the costs and I can put in protection just in case the market takes another turn for the worse. I can sleep well at night knowing that I have insured my pension against losses. I am not depending on others for my future. TICN has educated over 20,000 students in the last ten years on how to take their financial future into their own hands. Managing your own Irish pension is the only way you can insure that you do not end up dead broke.
This is one blog in a series of blogs that I will be posting to help you learn how to pick a quality stock to invest in. If you wish to learn more about the TICN method please visit your research website http://www.ticn.com.