Social Security Dropping
Recent studies show that for the last 10 years while the market was going up, up, up with no end in sight, and the boomers were not right on the door step of age 61 to be retired. They were in the 50s. They didn't feel any anxiousness in any way, shape or form. Recently, the very first boomer filed for Social Security a week ago. Now, they are all starting to show some anxiety about their retirement. Will they be able to have the same kind of income and etc.?

Statistics by Boston's College Center of Retirement research shows that 43% of all households are at risk of being unable to maintain a current standard of living at retirement. So given that, this study shows that while today it is 43%, soon within the next 10 years that will grow to be much higher. In fact, it will be almost as high as 60% when it comes down to generation X, those who were born in the 60s. This shows a dramatic problem will begin because of Social Security perhaps not being there, and people not having near enough money in terms of retirement.

Teachers Sue Nationwide Insurance Company for Overcharging.
Just recently, in the National Underwriter, there was an article in July of this year that shows that Nationwide and their selected associates actually based their decisions to invest in certain mutual funds on how much they were going to get paid for their services, rather than on what was objective and prudent through their evaluation as they looked at the merits of various funds and did not keep in front of their view the best interest of the plan participants.

The conclusion is that when the wolf is tending the sheep, the wolf is going to have a lot of fun. Whenever you have your money in with somebody else, it's so important for you to watch over them and make sure that they have your best interest. If not, then take you money away from them.

The school teachers signed a master contract that everything had to be through Nationwide and, as a result, they couldn't make that change. Nationwide knew they had a captive audience and so they could make the changes they wanted.

This was my interpretation as I read the article, but it just shows it is so important for us to know the rules and to always look at the big picture.