Unlocking the Secrets to Retirement Protection! 🛡️ Don’t panic, but the concern for safeguarding your retirement is at an all-time high! 😱 Many are waking up to the harsh reality that the available tools have let them down. 🛑 Living the American dream and retiring comfortably? It’s a daily challenge! 💸 Understand the impact of the declining dollar and how retirement tools, like certain IRAs, are making Wall Street richer. 📉 Take charge of your financial future\u2014navigate high counterparty risks and the looming threat to Social Security. 🧐 Make informed decisions to safeguard yourself in this crucial moment! 🌐💰<\/p>\n
CHAPTERS:<\/strong><\/p>\n 0:00 Retirement Is Broken TRANSCRIPT OF VIDEO:<\/strong><\/p>\n 00:00:00:08 – 00:00:04:08 00:00:04:15 – 00:00:07:15 00:00:07:16 – 00:00:10:29 00:00:11:02 – 00:00:13:05 00:00:13:05 – 00:00:16:12 00:00:16:15 – 00:00:19:07 00:00:19:07 – 00:00:23:06 00:00:23:06 – 00:00:28:01 00:00:28:01 – 00:00:29:02 00:00:29:02 – 00:00:33:06 00:00:33:06 – 00:00:34:28 00:00:34:28 – 00:00:38:23 00:00:38:23 – 00:00:39:27 00:00:39:27 – 00:00:42:27 00:00:42:29 – 00:00:50:15 00:00:50:18 – 00:00:51:08 00:00:51:08 – 00:00:54:08 00:00:54:08 – 00:00:57:21 00:00:57:24 – 00:01:01:14 00:01:01:14 – 00:01:05:00 00:01:05:00 – 00:01:08:17 00:01:08:20 – 00:01:12:05 00:01:12:11 – 00:01:15:11 00:01:15:13 – 00:01:19:11 00:01:19:11 – 00:01:22:21 00:01:22:21 – 00:01:25:21 00:01:25:27 – 00:01:30:17 00:01:30:24 – 00:01:34:28 00:01:34:28 – 00:01:36:23 00:01:36:23 – 00:01:40:00 00:01:40:00 – 00:01:43:25 00:01:43:27 – 00:01:48:24 00:01:49:01 – 00:01:51:24 00:01:51:24 – 00:01:53:21 00:01:53:21 – 00:01:57:14 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– 00:10:31:21 00:10:31:23 – 00:10:36:04 00:10:36:04 – 00:10:39:11 00:10:39:13 – 00:10:42:08 00:10:42:08 – 00:10:44:12 00:10:44:12 – 00:10:45:10 <\/p>\n https:\/\/www.cnbc.com\/2017\/01\/04\/a-brief-history-of-the-401k-which-changed-how-americans-retire.html<\/a><\/p>\n https:\/\/www.washingtonpost.com\/business\/2023\/04\/07\/social-security-shortfall-impact\/<\/a><\/p>\n https:\/\/www.cnbc.com\/select\/average-401k-balance-of-americans-in-50s-and-60s\/<\/a><\/p>\n https:\/\/www.cnn.com\/2023\/06\/21\/investing\/premarket-stocks-trading\/index.html<\/a><\/p>\n https:\/\/www.forbes.com\/sites\/johnwasik\/2013\/08\/16\/why-wall-street-doesnt-want-you-to-have-a-better-401k\/?sh=395d1e7bd570<\/a><\/p>\n https:\/\/retirementlc.com\/automatic-enrollment-and-governmental-457b-plans\/<\/a><\/p>\n https:\/\/www.jacksonville.com\/story\/news\/nation-world\/2017\/07\/10\/more-and-more-americans-working-past-65-jobs-report-shows\/15762800007\/<\/a><\/p>\n https:\/\/www.investor.gov\/financial-tools-calculators\/calculators\/compound-interest-calculator<\/a><\/p>\n https:\/\/fred.stlouisfed.org\/series\/CUUR0000SA0R<\/a><\/p>\n
\n1:38 401k Background
\n2:53 Fees
\n4:50 Question Why
\n5:50 Control
\n6:20 Purchasing Power<\/p>\n
\nLet’s be honest, the retirement system in America is broken,<\/p>\n
\nand the old way of doing things is frankly, a scam.<\/p>\n
\nYou want to retire comfortably and protect your wealth,<\/p>\n
\nbut you have to pause and ask yourself<\/p>\n
\nwho is benefiting from the retirement tools that I’m using?<\/p>\n
\nIs it me or is it Wall Street?<\/p>\n
\nAnd the very system itself that these tools you’re utilizing live in<\/p>\n
\nis based on a failing dollar, a dollar that will not allow you to coast<\/p>\n
\nin your golden years<\/p>\n
\nfeeling safe and protected anywhere close to the way that you’ve been promised.<\/p>\n
\nThat much has been made clear.<\/p>\n
\nSo how can you see through all the deceit and fraud to protect yourself for this<\/p>\n
\nnext chapter?<\/p>\n
\nWe’re going to break down together what’s really going on?<\/p>\n
\nWho’s benefiting if it’s not you and get to the truth so that you can take action?<\/p>\n
\nHi, everyone.<\/p>\n
\nI’m Taylor Kenny with item trading breaking down<\/p>\n
\ncomplex financial topics so we can learn and grow together.<\/p>\n
\nThere has never been a greater concern for how to protect yourself<\/p>\n
\nduring retirement, especially with so many people realizing<\/p>\n
\nthat the tools that have been made available to them have failed.<\/p>\n
\nIf you want to live the American dream and as part of that, retire comfortably,<\/p>\n
\nit is becoming a greater challenge every day.<\/p>\n
\nIt is crucial for your financial future to understand the value<\/p>\n
\nof the declining dollar combined with the retirement tools<\/p>\n
\nsuch as for one case that are making Wall Street richer.<\/p>\n
\nIRAs with high counterparty risk and an almost defunded Social Security<\/p>\n
\nso that you can make the most educated decisions to protect yourself<\/p>\n
\nat this pivotal moment in time.<\/p>\n
\nYou might be shocked to learn that the 401k was never created<\/p>\n
\nfor you or the average American worker with retirement in mind.<\/p>\n
\nIt actually originated as a one off small tax break for rich executives<\/p>\n
\nthat grew because of the benefit it provided to companies.<\/p>\n
\nThere was never a committee or decision<\/p>\n
\nmaking process about how to support Americans retirement,<\/p>\n
\nand if there was, I’m sure it would look a whole lot different than it does today,<\/p>\n
\nbecause the reality is, is that we’ve all been sold a lie.<\/p>\n
\nFor one, K’s were never intended to be an American’s<\/p>\n
\ngolden ticket to retirement and in fact they benefit many people.<\/p>\n
\nBut you might not be one of them.<\/p>\n
\nImagine Wall Street’s delight when they discovered that they could<\/p>\n
\ntake money out of your paycheck with you blindly trusting them,<\/p>\n
\nputting it on autopilot before this money even ever touched your hands.<\/p>\n
\nYou can almost hear the champagne corks popping in the background.<\/p>\n
\nIf you think about it,<\/p>\n
\nit has never been easier to take money from unsuspecting Americans.<\/p>\n
\nNever has there been a financial tool where you invested,<\/p>\n
\nregardless of the price, the economy, the fees?<\/p>\n
\nNothing else like it exists at no risk.<\/p>\n
\nAll reward to Wall Street while you pay the price, literally.<\/p>\n
\nMost people aren’t even aware that therefore one case<\/p>\n
\nactually cost them anything.<\/p>\n
\nAnd if you are one of them, don’t feel bad because it’s set up that way.<\/p>\n
\nWe all understand compounding interest.<\/p>\n
\nThe more money you put in the earlier you put it in,<\/p>\n
\nthe more money you stand to gain over a long period of time.<\/p>\n
\nThat basic math, it’s something that they make sure that you’re well aware of.<\/p>\n
\nAnd every 41k meeting since the program launched.<\/p>\n
\nBut there is something they don’t talk about very much,<\/p>\n
\nwhich is compounding costs.<\/p>\n
\nAnd there’s a reason why your 41k fees typically range<\/p>\n
\nanywhere from half a percent to 3% on average.<\/p>\n
\nMost of the time these fees are hidden and hard to find.<\/p>\n
\nIf someone does happen<\/p>\n
\nto find them, it’s easy to brush them off and say, well, it’s not that much.<\/p>\n
\nBut that could not be further from the truth.<\/p>\n
\nLet’s do a quick example together.<\/p>\n
\nA 20 year old has $1,000 that they put into a41k,<\/p>\n
\nassuming that there will be an 8% rate of return year over year in 65 years.<\/p>\n
\nWhen that 20 year old is 85, that $1,000 investment<\/p>\n
\nis going to be worth a $150,000.<\/p>\n
\nPretty impressive, right? Not so fast.<\/p>\n
\nNow, let’s look at that same example.<\/p>\n
\nBut assume that instead of compounding at 8%, it’s<\/p>\n
\nactually compounding at five and a half percent<\/p>\n
\nbecause they’re taking out two and a half percent of fees.<\/p>\n
\nNot that much. Right?<\/p>\n
\nWrong.<\/p>\n
\nOver the same amount of time that $150,000<\/p>\n
\nis now worth $30,000.<\/p>\n
\nThese fees are eating people alive and they don’t even realize it.<\/p>\n
\nThe data shows that the median amount saved in a 65 and older for one<\/p>\n
\nK in America is $80,000, $80,000 in Social Security.<\/p>\n
\nDo you really think that that’s something you’re going to be able to live on?<\/p>\n
\nYou have been told a pack of lies.<\/p>\n
\nNow, I would never tell someone<\/p>\n
\nwhat they should do with their 41k or what’s best for them personally.<\/p>\n
\nBut there is something I challenge you to do, and that is to go<\/p>\n
\nto the money manager of your 41k and ask them<\/p>\n
\nWhy isn’t my balance larger?<\/p>\n
\nWhy don’t I have more money in here?<\/p>\n
\nAnd I bet you that they’re going to say that it’s<\/p>\n
\nbecause you haven’t done enough, that it’s your fault.<\/p>\n
\nYou didn’t put in enough money.<\/p>\n
\nYou didn’t put in enough money early enough.<\/p>\n
\nAnd in fact, you should probably give them more money right now.<\/p>\n
\nThey will blame you every single time.<\/p>\n
\nAnd our government is in on this, too.<\/p>\n
\nThey even went as far as to create automatic for one<\/p>\n
\nk enrollment in 2006 with the Pension Protection Act.<\/p>\n
\nSo instead of having to<\/p>\n
\nopt into this retirement option, you now actually have to opt out.<\/p>\n
\nMaking you feel like if you chose that this wasn’t the right tool for you,<\/p>\n
\nthat you were somehow<\/p>\n
\nsacrificing your financial future and it benefits the government.<\/p>\n
\nBecause in that case, if you don’t have enough money to retire and survive,<\/p>\n
\nit’s your fault, not ours.<\/p>\n
\nAnd of course, the government loves it because they still collect taxes<\/p>\n
\non for one case.<\/p>\n
\nTax deferred is the biggest scam of all.<\/p>\n
\nTheir greatest fear is having people protect their wealth outside of the system<\/p>\n
\nin something like physical gold, physical, silver, things that they can’t control.<\/p>\n
\nYou get out from under their thumb.<\/p>\n
\nThat is their greatest fear.<\/p>\n
\nBut what impacts you the most at the end of the day,<\/p>\n
\nisn’t government greed or Wall Street or even hidden fees.<\/p>\n
\nNo, it is the loss of your purchasing power.<\/p>\n
\nI just use an example of $1,000 return on<\/p>\n
\n41k investment over a period of time, with and without fees.<\/p>\n
\nBut the most criminal part of all of this is that it doesn’t even matter<\/p>\n
\nbecause the dollar is worth so much less than whatever<\/p>\n
\nit is when you save it or when you go to cash it out.<\/p>\n
\n65 years ago, the dollar was worth ten times what it is today<\/p>\n
\n65 years ago, $100,000 was worth over $1,000,000 today.<\/p>\n
\nSo at the end of the day,<\/p>\n
\nthat’s the most important component because it’s a losing game.<\/p>\n
\nIf the actual value of the dollar is declining,<\/p>\n
\nwhich is why more and more people are waking up and realizing<\/p>\n
\nthat any asset that is tied to the fiat currency of the U.S.<\/p>\n
\ndollar is running a serious risk, whether that’s the stock market or anything else.<\/p>\n
\nYou are going to be running a risk.<\/p>\n
\nThat’s why I ask you right now, do you have control over your retirement?<\/p>\n
\nCan you say with certainty that there is no counterparty risk?<\/p>\n
\nBecause purchasing power aside, almost everything still carries<\/p>\n
\nsignificant counterparty risk, whether it’s banks failing,<\/p>\n
\nthe government unable to repay its bondholders.<\/p>\n
\nSome other counterparty in the stock market failing to uphold their obligation.<\/p>\n
\nThe list goes on and on.<\/p>\n
\nThis also applies to IRAs, even gold IRAs, which I get asked about all the time.<\/p>\n
\nNow, of course, it’s terrific to diversify your portfolio.<\/p>\n
\nAnd it’s no secret<\/p>\n
\nthat I think everyone should own gold because it is the true money.<\/p>\n
\nBut that being said, there is a huge difference<\/p>\n
\nbetween a gold IRA and physical, tangible gold,<\/p>\n
\nprimarily being the fact that there is still a counterparty.<\/p>\n
\nAny time you have a custodian who is handling your money<\/p>\n
\nin charge of storage charging you a fee, you have a risk.<\/p>\n
\nWhen you have physical, tangible gold in your possession.<\/p>\n
\nIt’s just you.<\/p>\n
\nThere’s no counterparty, therefore there’s no counterparty risk.<\/p>\n
\nYou have to make a decision that’s best for you.<\/p>\n
\nBut first and foremost, I want to make sure that everyone is educated<\/p>\n
\nthanks to abysmal monetary policy and government corruption<\/p>\n
\nthat has let Wall Street run wild, we are now in a situation where we are<\/p>\n
\nforced to take control and take our power back into our own hands.<\/p>\n
\nBecause if we don’t, what are we left with?<\/p>\n
\nA declining dollar?<\/p>\n
\nSocial Security, the same Social Security<\/p>\n
\nwhose trust fund is set to be depleted by 2033.<\/p>\n
\nThat’s in the next ten years.<\/p>\n
\nAnd when that happens, benefits could be cut by 25%.<\/p>\n
\nTo start, we know we have an aging population<\/p>\n
\nand those numbers are only going to get worse.<\/p>\n
\nWe were sold a pack of lies that were built on a faulty foundation<\/p>\n
\nfrom the start.<\/p>\n
\nWe have this belief that we’re owed these things and it makes sense.<\/p>\n
\nIt’s been drilled into our heads that if we work hard,<\/p>\n
\nif we contribute to Social Security, if we put money into our 41k.<\/p>\n
\nFrom a really early age, if we make smart decisions,<\/p>\n
\nthen we will be able to arrive at the Promised Land,<\/p>\n
\nthe American dream of retirement, and cruise into the sunset.<\/p>\n
\nBut the reality is it’s happening for so many millions of Americans<\/p>\n
\nis that they are waking up,<\/p>\n
\ncrunching the numbers and realizing that they don’t have enough.<\/p>\n
\nOr what they do have is rapidly disappearing in front of their very eyes<\/p>\n
\nbecause the value of the dollar is just not there.<\/p>\n
\nI know this is a lot to take in, but if even once during this video<\/p>\n
\nyou paused yourself and thought, that could be me,<\/p>\n
\nor maybe that’s something I should look into.<\/p>\n
\nIt is not too late to get a strategy in place.<\/p>\n
\nI urge you, whether you’re looking at that next chapter in 20 years, two years,<\/p>\n
\nor you’re already there and you want to make sure<\/p>\n
\nthat your future family is protected and set up for success.<\/p>\n
\nThen click the link in the description below<\/p>\n
\nand get a strategy in place today.<\/p>\n
\nIt is not too late.<\/p>\n
\nThank you all so much.<\/p>\n
\nI’m Taylor Kenny with ITM trading breaking down complex<\/p>\n
\nfinancial topics so we can learn and grow together.<\/p>\n
\nIf any of this was beneficial for you, please like share subscribe.<\/p>\n
\nIt helped so much and I know that we are not alone in this,<\/p>\n
\nso it really helps to get the message out there.<\/p>\n
\nI appreciate all of you so much.<\/p>\n
\nUntil next time.<\/p>\n