When the time comes, would you rather be taking your grandkids for a lunchtime treat at McDonalds, or be flipping the burgers there?
That’s a sobering thought, but it’s my job to warn you against the dangers that could devastate YOUR retirement savings. I take that job very seriously, and sometimes it’s necessary to ask the difficult and legitimate questions.
Make no mistake, an entire generation of people is at risk of having to be the grandparent working at McDonalds. And if you don’t heed this warning, that could be your future, too…
Just yesterday I released an article in Wall Street Informer, The Midas Legacy’s sister publication, centered around the same argument as this one: there’s a trend picking up momentum that is lining up to destroy retirement savings.
And for those who have just retired or are very close to reaching retirement, there will be no time to make up for the massive losses.
Imagine having your retirement savings cut by a third…
It would be another 2008, but this time it’s on track to happen as most Americans have finally just recovered what they lost in that crash!
The vehicle that will lead so many Americans to their retirement dooms is tracker funds.
In essence, a tracker fund is an investment that follows one or a group of major stock market indexes.
So when the market goes up, so too does that tracker fund. But the same is true on the downside…
The reason this trend is picking up steam is because the market has A) hit a brand new all-time high within the past few months, B) because it hasn’t suffered a new bear market in 7 years, and C) because the indexes often outperform most investment professionals!
But it’s all happening at the worst-possible time…
The market and U.S. economy are in trouble. A consensus is growing around the idea of a recession hitting sometime in 2017. And on top of that, the market is overdue for a major correction – the kind that is only fulfilled by a bear market.
Of course, it hasn’t been able to go through this natural correction period because the Federal Reserve has been propping it up with low interest rates (due to the fact that they need the market to stay afloat in order to preserve power for the Democratic party in the White House).
But when the election is over, it’s rate-hike time…
And as we saw last December when the Fed barely raised rates, the vulnerable market nearly collapsed altogether.
This time, the damage from a hike could finally set off the natural market downturn that the natural financial cycle demands. And with it will go the retirement funds of the Americans throwing their savings into tracker funds…
I don’t want YOU to lose 20% to 40% of the money you’ve worked so hard to save.
That’s while I’ll be providing the guidance you need every step of the way. And if you want me to hold your hand and walk you through every action you should take, be sure to subscribe to Midas Wave Alerts.
