November 12, 2023 

                                  NEW PAPER RELEASED

I want to cover two different investment plans. The first should be the most important to you, while the second is your backup plan – your retirement insurance policy.

You will have the advantage of knowing beforehand that executing your long-term retirement plan will succeed. It should give you more confidence to undertake your more risky investment plan. Knowing that whatever the outcome, whether it succeeds or not, you will win the game anyway. Due to your assured backup, your long-term retirement plan.

At the current pace, within 10 to 15 years, government pension plans might run out of money unless they can increase the return on their funds, increase contributions, raise the retirement age, or reduce benefits. They have not been able to remedy the situation over the last 20 years, so what would make you think they will be able to do so in the future? I have no confidence they will. 

Your alternative is to take charge. Build your own retirement fund and keep it under your control, meaning no government or outside intervention. This way, in 10 to 15 years, even if "they" cut benefits and say: "it is for your own good", it will not affect you. You will have taken some insurance on that eventuality by building your own.

You cannot expect or bet on the belief that your government will respect its obligations just because it says so. That has worked poorly in the past, so again, you better take charge of your well-being and build a substantial retirement fund to care for yourself and your loved ones.

Free PDF fileYour Investment And Retirement Plans.

Created: November 12, 2023, © Guy R. Fleury. All rights reserved.