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In last week’s blog I documented the true depth to which our retirement system has failed most Americans, the greed and utter incompetence of the Financial Services Industry and their allies in the Financial Media, and the tremendous damage its caused most Americans. I showed that you should not trust your retirement savings to this broken system, that the stock market is not the answer it is hyped to be, and that if you entrust your financial future to a financial advisor that history shows that over 95% will do nothing but lose you money.

Our Retirement System is Broken

About 30 years ago we underwent a huge change to our retirement system in this country, shifting from pension plans to individual retirement accounts such as 401Ks and IRAs. It is a change that has led to the development of a system that is stacked against the typical investor. In fact, it’s become nothing less than a rip-off, deeply damaging or destroying the financial futures of most of the 100 million Americans who participate.