If debt collectors come knocking, could your retirement potentially be at risk?
The U.S. government is drowning in over $34 trillion of debt15, what if they run out of ways to pay it back16?
If the economy takes a downturn due to the drowning debt, could it be your retirement that takes the hit?17
What if you could lose a lot of what you’ve worked for?
There is a potential way to help protect yourself, and thousands are already doing it.
Learn how to safeguard your savings with this IRS loophole. |
14 "Our economy would fall into a significant recession," Biden told reporters last week. "It would devastate retirement accounts, increase borrowing cost. According to Moody's, nearly 8 million Americans would lose their jobs. And our international reputation would be damaged in the extreme."
15 https://www.usdebtclock.org/
16 Governments use various strategies to reduce their national debts from issuing debt in the form of bonds to lowering interest rates. Such actions may have short-lived success but they encounter debate. Other measures include implementing a national sales tax as Japan and Canada have done, raising the retirement age for Social Security, or opening a country's borders to kick-start consumption and entrepreneurship.
17 "Our economy would fall into a significant recession," Biden told reporters last week. "It would devastate retirement accounts, increase borrowing cost. According to Moody's, nearly 8 million Americans would lose their jobs. And our international reputation would be damaged in the extreme." |
