FROM HERE TO FRATERNITY

From Here to Retirement
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If you have a 401(k) retirement plan at work, you don’t need us to tell you that you’ve taken a hit in the past year. The really bad news is that the damage to your retirement security is likely worse than what the numbers say on your statement.

People close to retirement don’t have time for a do-over. Even for those still far from retirement, there’s no telling how stocks will perform in the future.

The last 25 years was a time of low inflation rates and low interest rates, which boosted stock prices. Going forward, inflation and interest rates have nowhere to go but up, which would be bad for stocks.

So far, the cumulative wipe-out of household retirement savings totals about $2 trillion, and no one believes that the downturn is anywhere near over. As a result, participants in 401(k)’s are in greater danger than ever of coming up short in retirement.

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Thousand Points of Right

Since when, do Former Active Firefighters (FAF) have to protect Active Firefighters’ futures? It's called "Brotherhood"... It's Fraternal ! Maybe it's time for Active Firefighters to see through the ‘smoke screen’ provided, during the past 8 years of Union "Fiduciary Irresponsibility"!

(Pay no attention to those ‘Retirees’, hiding behind their graying hair. They're only dreaming of the past, when Unions protected retiree benefits and retirees' futures.) hmmm?

Well, thank goodness for those graying FAF who were part of the movement in 2000, which engineered the ONLY protection and GUARANTEE against the ravages of inflation and stock market collapses. A COLA… “C…O…L…A”… COLA.

Sadly, FAF have been pounding on the “Union’s Doors” for 7-8 years, informing the “Brain Trust” that they must support a COLA enhancement but, alas, retirees were always met by the same old “Elected Faces”. It’s “High Noon” and the time has passed for any possibile COLA enhancement. Support from the Unions, now, is USELESS, and they know it ! The Active Firefighter should “Rethink” what’s best for their financial future and run those, who have stubbornly opposed COLA enhancements,… “out of town”. jg