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[J115]Jpmorgan Retirement Plan Services

by Jay Johnson, Jay

In a recent issue of "On Investing" by the Charles Schwab Company, Robert Reischauer was interviewed about what to expect from Social Security in the future. Mr. Reischauer is a nationally recognized expert on Social Security issues and former director of the Congressional Budget Office. He was asked how will the increases in spending for Social Security and Medicare affect the finances of the American workers.

This was his response:

"While Social Security's fiscal future is troubling, that of Medicare is frightening. Driven largely by the inexorable rise in health care expenses, Medicare cost are projected to soar. Soaring cost will push up the premiums beneficiaries will be required to pay for Medicare part B Supplementary Medical Insurance and part D drug coverage and the amounts they will need for deductibles, coinsurance and Medigap policies. These increased premiums will absorb most of the average retiree's Social Security pension, leaving those who have not saved adequately for retirement through employer-sponsored retirement plans and personal retirement vehicles in fairly dire straits."

While this statement is frightening, all is not lost. With the advent of the internet and the ability to market goods and services globally, even those who have not quite saved enough money for retirement can still create very large incomes in a matter of a few years. In this time of the global democratization of wealth, fortunes can be made in a lot less time than the traditional 40 years it used to take to save for retirement. As a matter of fact, retirement can be a thing of the past if one learns how to use the internet to market goods and services! And with more than 100,000,000 people a year coming out of poverty worldwide, the market is vastly expanding.

There are many opportunities today that are operated via the internet that are providing very large residual incomes in only 1 to 4 years. There are marketing systems that have been developed and are being developed that will show individuals how to market goods and services globally...24 hours a day, 7 days a week. WOW! What a great time to be alive.

So don't let the fact that you may not have enough money saved or invested for retirement stress you out. Learn how to market online and build a very large and lasting RESIDUAL INCOME for yourself. Trivita nutraceuticals is a 10 year old company that offers a wonderful mix of unique marketing systems and training that are one of a kind and they have generated over 2,000,000 customers over the last 10 years.

Imagine depositing $1,000 of your money into the bank, but instead of getting a crummy toaster, you receive an extra $1,000 to go along with your deposit. To add to the fun, imagine getting a tax deduction for your deposit and not having to pay tax on your ?gift.? Furthermore, both your $1,000 and the gift $1,000 grow (it is to be hoped), and you don't have to pay income tax on the interest, dividends, capital gains, or the appreciation until you withdraw the money. When you withdraw the money, you will have to pay taxes, but you will have gained interest, dividends, and appreciation in the meantime. That is what employer matching contributions to retirement plans are all about. If the employer matches the employee contribution, it offers a 100% return on the investment in one day (assuming no early withdrawal penalties apply and the matched funds are fully vested).

Over the years, I have heard hundreds of excuses for not taking advantage of an employer-matching plan. All those reasons can be summarized in two words: ignorance and neglect. If you didn't know that before, you know now. If you are not currently taking advantage of your employer-matching plan, run?don't walk'to your plan administrator and begin the paperwork to take advantage of the employer match. Matching contributions are most commonly found within Section 401k, 403b, and 457 plans. Even if your employer is only willing to make a partial match up to a cap, you should still take advantage of this opportunity. A fairly common agreement is that the employer will contribute 50 cents for every dollar up to the first 6 percent of salary you contribute. Don't grouse that it is not enough or not worth it. You have everything to gain?this is free money that will compound and grow?and as Einstein said, ?The most powerful force in the universe is compound interest.?

Article Source : Where To Invest For Income

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Both Jay Johnson & James Lange are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Jay Johnson has sinced written about articles on various topics from . Jay Johnson is a former Special Agent for the U.S. Treasury Department. He is now an Affiliate Member with Trivita, a 10 year old nutraceutical company. Trivita is known for its cutting edge products and its cooperative marketing system. Learn how to merg. Jay Johnson's top article . to your Favourites.

James Lange has sinced written about articles on various topics from Culture and Society, Residual Income and Financial Planning. Top IRA expert, James Lange, has developed tax-savvy retirement and estate plans for over 1400 U.S. citizens with appreciable assets in their IRAs and 401(k) plans. In his book, Retire Secure! Jim systematically proves you can be tens of tho. James Lange's top article generates over 74000 views. to your Favourites.