Retirement Accounts Have Lost $2 Trillion

I just read that over $2 trillion dollars have disappeared from retirement accounts in the last 15 months. That’s larger than the total economies of many countries. Where did it go? It basically evaporated in the stock market ups and downs. You can sacrifice, save diligently and everything else you should only to see your money disappear due to things beyond your control.

I’m not saying you shouldn’t have savings. I’m saying you shouldn’t use a savings account like a 401(k) to fund your retirement. In the past retirements were funded by pensions which paid as long as you were alive. These have been replaced by tax favored retirement accounts.

You should have a renewable source of income like a network marketing business. The income is residual in nature so that it keeps coming in. You can increase the income to account for inflation and unforeseen expenses. Another benefit is that you can retire whenever at 25, 45 or 65.