Welcome to Private Pension Plan Today’s retirement dreams have been jeopardized. After the Great Depression in the 1930’s until the mid-1970’s, America’s retirement system was sound and worked great. That generation of retirees had access to defined benefit pension plans and were ensured an income for as long as they were alive. But over the years following the 70’s, pension plans gave way to mandatory 401k’s. This evolution inadvertently summoned everyday mom and pop workers to do the job of a full time pension fund manager, by forcing them to manage their own retirement money. Fast forward to 2011. Over 10,000 baby boomers are hitting age 65 every single day for the next decade. And the majority of them are unprepared and underfunded to weather out retirement without running out of money. With the pensions of old almost completely extinct, where can baby boomers and retirees turn for a contractually guaranteed lifetime income stream? The Private Pension Plan.
Today’s retirement dreams have been jeopardized. After the Great Depression in the 1930’s until the mid-1970’s, America’s retirement system was sound and worked great. That generation of retirees had access to defined benefit pension plans and were ensured an income for as long as they were alive. But over the years following the 70’s, pension plans gave way to mandatory 401k’s. This evolution inadvertently summoned everyday mom and pop workers to do the job of a full time pension fund manager, by forcing them to manage their own retirement money. Fast forward to 2011. Over 10,000 baby boomers are hitting age 65 every single day for the next decade. And the majority of them are unprepared and underfunded to weather out retirement without running out of money. With the pensions of old almost completely extinct, where can baby boomers and retirees turn for a contractually guaranteed lifetime income stream? The Private Pension Plan.
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