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Missed Fortune – Facing “Unretirement”? It’s Not Too Late to Protect Your Future

Posted on | June 22, 2010

Over the last couple years, the economic upheaval has siphoned off critical value from many retirees’ 401(k)s, IRA(s) and stock portfolios.

People who had planned on riding off into the sunset are finding they might not have enough gas to get close to that twilight on the horizon.

In fact, many retirees are facing the fact they need to “unretire,” as a recent Fortune magazine article put it. The article provides advice for those forced by financial strain to return to the workplace:

“Having to go back to the office when you dreamed for years about puttering in your garden or volunteering can be frustrating, even depressing. But retirement isn’t all it’s cracked up to be either.

“For most productive, well-educated men and women, an average of 25 years of ‘leisure’ can be terribly isolating and boring; returning to work may turn out to be a blessing after all. Remember that work is good not only for the cash flow but also keeping the mind and spirit sharp.”

While this is a positive approach to a disheartening situation, how nice would it be NOT to have to make that transition back to the workplace?

For many people who optimized assets and put their money in savings retirement vehicles like maximum-funded, tax-advantaged insurance contracts, their retirement savings has been secure — in fact, for many it’s even seen rates of return as high as 8, 14, 16 percent — during this economic downturn.

If you’re approaching retirement and want to make sure you’re able to stay retired, it’s not too late.

You can start now to optimize your assets and take advantage of retirement savings vehicles that are safe, liquid, offer a rate of return — and provide tax advantages — like MFTA contracts.

Even if you have substantial amounts tucked into 401(k)s, IRA(s) or other traditional accounts, you can perform a “strategic roll-out” to move your serious cash to a seriously smarter place.

Even if retirement is something farther out for you, it’s never too early to start. The Missed Fortune series of books can help everyone along the age continuum.

Invest the time to explore these topics in Missed Fortune 101 or The Last Chance Millionaire, because you deserve to invest in yourself and your future.

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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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