January 6, 2009 Bloomberg Reports Investors Seeking New Ways to Fund Retirement
January 6, 2009
Investors Seek New Measures to Fund Retirement According to Bloomberg.com, "At the height of a four-year bull market, [The Chicago Transit Authority] it didn't have enough cash on hand to pay its retirees through 2013, meaning it was underfunded to the tune of 62 percent." Current financial trends note this is not an isolated situation. "Public pensions in the U.S. had total liabilities of $2.9 trillion as of Dec. 16, according to the Center for Retirement Research at Boston College. Their total assets are about 30 percent less than that, at $2 trillion. With stock market losses this year, public pensions in the U.S. are now underfunded by more than $1 trillion."
Funding Retirement
While most IRA Investors remain fearful and paralyzed about their ever-shrinking retirement accounts, it seems like their only option is whether or not to absorb huge losses by selling all their stocks in order to preserve whatever capital is left. Alternatively, other savvy IRA Investors are going on the offense by investing part of their IRA funds into real estate by purchasing bank foreclosures. They are basically setting up their portfolios to flourish once the market rebounds and they are wisely diversifying their retirement between stocks and real estate notes editors at www.WealthIRA.com.| < Prev | Next > |
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