Retirement Blog

Who’s Not Coming To Your Retirement Party?

The retirement industry does not want you to retire. The government does not want you to retire. Neither does big business want you to retire. Surprised? You shouldn’t be. All of them lose money when you retire, it’s in their best interest, to keep you working.

Retirement Industry

The retirement industry, the mutual funds, 401k administrators, investment banks, money managers, do not want you to retire. When you retire, you stop contributing money, and begin withdrawing money from their accounts. They earn less fees and commissions when you retire. That is why, their focus is on your investments, it’s where they earn their income! They’re not interested in your actual retirement. In fact, they attempt to keep you working, by overstating the amount of money you need for retirement.

Government

Your government does not want you to retire. As soon as you retire, you stop contributing to Social Security, stop paying a myriad number of taxes, and begin taking money from the government. The government discourages you from retiring, by increasing the retirement age, and imposing penalties on early withdrawals from your retirement accounts. The government also tries to keep you working longer, by enticing you with higher Social Security payments, if you delay your retirement. It’s the government’s hope that you will retire at 72 and die at 73.

Big Business

You would think, that big business would want you to retire, so that they could give your job to a younger and cheaper worker. On the contrary, big business wants to use the threat of a younger and cheaper worker, to keep your wage low. When you retire you will open up a job for a younger worker. But because there is now one less worker in the pool, big business is going to have to pay that younger worker more, than they normally would have. Your retirement will cause wages to go up, increase per-capita income for fellow Americans, and lower big business profits.

Let’s Cut the Cake

The truth is that your retirement is good for the economy, the environment, and yourself. However the retirement industry, government, and big business, are only interested in their profits, taxes, and low wages, not your retirement.

This is the Retirement Blog. Visit the Green Retirement Planning Website to discover how to retire with less savings, retire early, and help save the planet.