2023 Gross Profits (US $)
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Yet to prove itself, the 401(k) retirement plan emerged just 40 years ago. Promoted, by its creators and beneficiaries, as a means to take control of one’s retirement, personal savings are funneled into intentionally complex financial products. While earning interest, and building corporate profits, those savings are held with high cost ransoms till retirement age.
If you even make it to retirement, will your funds be there? Will the market be there?
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When the (k)asinos crashed, it became obvious how little of the population had access to the idea of financial retirement. Due to already stagnating opportunities, adult children had begun building lives while remaining within their parents’ household. As retirement plans collapsed, family elders returned to the house as well.
Contrary to predictions, mental health improved as ‘The Great Move-In’ unpacked and unfolded. It was determined that the increase in personal connections along with the improved municipal services, enabled the quality of someone’s life to shine rather than the quantity of their homes.