Infinex University

A New Beginning

If you’re a Baby-Boomer and you are starting to consider some retirement ideas, you may already be out of time without a solid backup plan. Although we have been telling our subscribers the same information you will be reading below for almost a decade now, not many others really realize how screwed they are in relation to ever being able to retire and what is coming down the pike that will be making things even worse for them. Contrary to the popular myth, Ignorance is NOT bliss.

This mess has been building for decades, but during the past two years alone, the reality of a major financial market meltdown has accelerated dramatically and smacked quite a few normally informed people right in the chops as if what was happening was some sort of “surprise”.

The exposure of these financial events come as no surprise to current Infinex University students, but so many others will look at each item as a one-off event, not realizing the bigger picture long at play by the financial elite which will, and already is, devastating the middle-class.

Look, we know that there are 1000’s of promises being made on the internet about “How To Get Rich Quick”, but none of them work… Do you wonder why? Because none of those strategies are based in reality.
So, what is this “reality” we speak of? Simple, unless you are doing exactly what the 1% are doing to make money, it won’t be accepted and eventually you will fail. The articles and links on this blog are testimony that this is a proven fact.

Almost half of Americans die nearly broke

Will you end up being one of them?

In a recent GoBankingRates study, 69% of adults admitted to having less than $1,000 in the bank, while 34% said they actually don’t have any savings at all. But apparently, this collective lack of savings doesn’t get all that much better with age. A study by the National Bureau of Economic Research found not so long ago that almost half of Americans die nearly broke. Of the general population, 46% of retirees die with savings of $10,000 or less. But that number climbs to 57% among retirees who are single.

Now when we take other assets, like homes, into account, the picture gets a bit less bleak. Still, 57% of single-adult households and 50% of widowed households had no housing equity to show for when they died.

The problem is that dying nearly broke isn’t just a matter of denying one’s beneficiaries an inheritance. Rather, it points to a frightening degree of financial vulnerability during retirement. If seniors are passing without much in the way of assets, it means that in the years leading up to their death, they’re ill equipped to handle a major unexpected expense, such as a significant medical bill. In fact, in that same GoBankingRates survey, only 37% of seniors 65 and older claimed to have $1,000 or more in the bank.

How The Coming Wave Of Job Automation Will Affect You

One of the more interesting mental exercises related to predicting the future involves trying to fathom the impact the rise of robots will have on humanity.

We can be quite sure that in the proverbial blink, robots will be doing all the war fighting. After that, what’s the point? But does that then lead to the sort of robotic apocalypse so well envisioned in Terminator?

It’s all but impossible to see through the fog to the answers.

We already have robo news reporters (you didn’t actually think humans write the crap passed off for news these days, did you?) Of course, as the news writing programs become more and more sophisticated, might the algorithms be tweaked to influence the masses to buy an advertiser’s product or, more onerously, to create a desired political outcome?

In terms of managing money, we already have robo traders and robo advisors. But what happens when these technologies become self-learning? Will the competing programs become so adept at exploiting kinks in the armor of Mr. Market that they will effectively nullify each other?

Half of American families are living paycheck to paycheck

More than seven years after the Great Recession officially ended, there is yet more depressing research that at least half of Americans are vulnerable to financial disaster.

Some 50% of people are woefully unprepared for a financial emergency, new research finds. Nearly 1 in 5 (19%) Americans have nothing set aside to cover an unexpected emergency, while nearly 1 in 3 (31%) Americans don’t have at least $500 set aside to cover an unexpected emergency expense, according to a survey released Tuesday by HomeServe USA, a home repair service. A separate survey released Monday by insurance company MetLife found that 49% of employees are “concerned, anxious or fearful about their current financial well-being.”

One explanation: Americans are crippled under the same amount of debt as they had during the recession. The New York Federal Reserve on Monday predicted that total household debt will reach its previous peak of $12.68 trillion in 2017. The last time it reached that level was in the third quarter of 2008, during the depths of the Great Recession. Indeed, it’s already close: Total household debt in the fourth quarter of 2016 was $12.58 trillion. Fewer borrowers have housing-related debt in 2017 and, instead, have taken on auto and student loans.

Rich People Are Living Longer And It’s Going To Cost Taxpayers ‘Bigly’

Social Security, like America’s trillions of dollars of underfunded public and private pensions, is nothing more than a ponzi scheme that will eventually fail.  Any system that relies on capital drawdowns to fund benefit obligations while the number of beneficiaries continues to soar is, by definition, a rather obvious ponzi.  That said, it’s always easier to ‘kick the can down the road’ and hope for the best than to preemptively address the real problems that face retirees…after all, old people love to vote and taking away their retirement money is not a good way to earn their support.

Ironically, it’s not just the lower tiers of the socio-economic spectrum that will bankrupt social security.  As a new study entitled “How the Growing Gap in Life Expectancy May Affect Retirement Benefits and Reforms” points out, rich people are living a lot longer than they used to and it’s going to take a massive toll on government entitlement programs over the next couple of decades.

A New Beginning

If you’re a Baby-Boomer and you are starting to consider some retirement ideas, you may already be out of time without a solid backup plan. Although we have been telling our subscribers the same information you will be reading below for almost a decade now, not many others really realize how screwed they are in relation to ever being able to retire and what is coming down the pike that will be making things even worse for them. Contrary to the popular myth, Ignorance is NOT bliss.

This mess has been building for decades, but during the past two years alone, the reality of a major financial market meltdown has accelerated dramatically and smacked quite a few normally informed people right in the chops as if what was happening was some sort of “surprise”.

The exposure of these financial events come as no surprise to current Infinex University students, but so many others will look at each item as a one-off event, not realizing the bigger picture long at play by the financial elite which will, and already is, devastating the middle-class.

Look, we know that there are 1000’s of promises being made on the internet about “How To Get Rich Quick”, but none of them work… Do you wonder why? Because none of those strategies are based in reality.
So, what is this “reality” we speak of? Simple, unless you are doing exactly what the 1% are doing to make money, it won’t be accepted and eventually you will fail. The articles and links on this blog are testimony that this is a proven fact.