We are a culture in transition, shifting from a society of passive benefit recipients to that of active asset owners.
The traditional sources of benefits, including employer sponsored pensions and Social Security are under enormous pressure to deliver on promised benefits. These programs, created in the early phase of the industrialized era were based upon a set of life expectancy and demographic assumptions which are no longer accurate. In response, retirement plan providers are increasingly moving away from promises of guaranteed benefits and toward cash balance plans like the 401k. As a result, we are in the midst of a dramatic shift in the ownership of responsibility, once the sole dominion of government bureaucrats and corporate accountants.
Today, the average citizen is required to make crucial decisions regarding their financial future. The good news is that with the shift in ownership of responsibility comes a shift in ownership of the assets. Now, like never before, the average worker who opens their arms wide to accept this challenge may find that not only are they saving for their own future, but that of their children and grandchildren as well.
Yet beware, for those who do not embrace and plan for this challenge may find that the safety nets have disappeared. The choices have never been so stark and the penalty for failure never as great as that which we are likely to experience in the years ahead.
Our Values: Mutual responsibility and personal accountablility are the keys to success. In challenging times, those who accept a greater degree of personal responsibility generally fare better than those who adopt a more passive approach.
Implement creative thinking. It's the best way to work for win/win solutions.
Make the world better. We are dedicated to helping families like yours make better decisions.
Motivation matters. We encourage all our clients to adopt disciplined, sober approaches to planning, saving for and investing in their retirement.
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