How The Defined Contribution Plan Has Revolutionized Retirement Planning

The shift away from the defined benefit pension plan to the defined contribution plan is a trend that has revolutionized retirement planning by placing more of the responsibility for saving on the individual. Unfortunately, this responsibility comes with a price. Many individual investors have lost money in mutual funds, 401k plans or in the stock market over the last year and a half and those closer to retirement may never recover their losses. In fact, the bear market has left many investors afraid to even look at their investment account statements.

How has the bear market changed your plans for retirement?

How long do you think it will take for you to recover from the recent market decline or bear market (Hint: See Chapter 7)?

Do you have a plan to help you rebuild your investment portfolio?

Now is the time to review Chapter 6 in my book about the process of building financial security. In this chapter and throughout my book, I have provided the tools, developed from leading research in the financial planning industry, to help calm your fears and to help you to achieve your goal of financial freedom.

Use this process of building financial security to realize your potential with a sound plan and the best strategies for managing, protecting and preserving your wealth.