See three new attacks on US pensions that begin August 31, 2012.
Gary Scott, Edith Scott and Sandra Strait
Last week Merri and I were with family in Oregon. We visited our family home (now for sale)) one last time for a photo of the only living residents (Dad has been gone for 30 years and we miss him every day) in that home for 52 years.
What incredible fortune we have had. The family enjoyed five decades of comfort from this beautiful house. This era brought amazing blessings into our lives. The places we have been able to see… the things we have been able to do… the great material comforts enjoyed have never been experienced by mankind before. We are so lucky to have landed in this era of great peace and prosperity where we were given so much.
Now this house can make a great home for a second family.
There have been some constants. We had one telephone number that began with Mohawk 5. Mom still has the number at her new home… though it now starts with 665.
There has also been a lot of change… some beneficial…. some not.
My Spanish is now very helpful in my old neighborhood. I could also use some Russian from time to time. This adds a great richness to the area.
On the negative, I have noticed a lot of erosion in the pension benefits my mom receives from the City of Portland. The people in the city who provide benefits to former em[ployees are not bad. They simply cannot cope with the mathematics created by aging and a weak economy.
Erosion of pension benefits is a global problem in the Western world so you'll want to read the attached pension protection report to see three new attacks on US pensions that begins August 21, 2012.
Learn about risks created by:
* The proposed Universal Private Retirement System
* A new Department of Labor’s Employee Benefits Security Administration (EBSA)
* A new pension fee disclosure rule that can affect pensions, Keough Plans and IRAs starting August 31, 2012.
Learn four ways to protect against these new pension risks on the report.
Read this report here. Pension Protection Report
Larry Grossman began speaking at our seminars more than 20 years ago after graduating Summa Cum Laude with a Bachelor of Arts degree in Business Management from Eckerd College. He is a Certified financial Planner and Certified Investment Management Analyst (CIMA®), awarded by the Investment Management Consultants Association (IMCA) in conjunction with the Wharton School of Business.
With decades of experience in international financial planning, he became one of the first financial advisors to develop a compliant method for IRAs and pension plans offshore for asset protection and greater investment diversification. Larry's method has been reviewed and approved by some of the top ERISA attorneys in the country.
Join me, Larry Grossman and Thomas Fischer at our Upcoming Super Thinking + International Investing & Business seminar October 5-6-7.