The mission statement of Retirement Thru Design started 14 years ago. As a result of spending many years at America’s top rated firms, I came to the sad reality that sometimes getting the real facts vs. a lot of financial double talk was close to impossible. Personally, I am very disappointed at how the financial community has allowed Seniors to be fleeced of 40% of their lifetime savings by putting their earnings and bottom line in front of their fiduciary responsibilities.
This behavior vaporized close to 1/2 trillion dollars of hard earned assets. It became a tragic reality that the individual investor in 2008 was caught up a modern replay of the Emperor’s new clothes.
Perhaps a little 5th-grade math. When you lose 50%, You need HOW MUCH to BREAK EVEN? No, not 50% but 100%!