the plight of municipal workers and what not
TRANSCRIPT
The threat to the security of municipal workers’ pensions
And what not to do or do with your retirement funds
The plight of municipal workers
• Rising rate of municipal bankruptcies and financial distress in general are threatening municipal workers’ retirements.
• The federal government bailed out Detroit auto industry. Do you think they will help Detroit’s municipal workers save their retirement?
• Municipal workers pensions not guaranteed by the PBGC. Should they be?
Detroit is the biggest municipal bankruptcy so far, threatening city
worker pensions
Meet Walter White, mild mannered high school chemistry teacher
DIAGNOSED WITH CANCERDiscovering he is terminally ill and his retirement savings and meager municipal pension are insufficient to support his surviving family, Walter decides to invest his savings in a mobile methamphetamine
lab.
Using his chemistry teacher background, Walter discovers a great talent in processing “blue meth”, a favorite substance abused by many in the mid and southwest.
RISKY BUSINESS
High quality blue meth Led to lots of green cash
Water finds making money also means protecting it.
Retirement planning can get desperate.
BUT WITH THE HELP OF HIS ATTORNEY WALTER IS ABLE TO LEAVE A HEALTHY SUM TO HIS FAMILY
Was this the best way to invest his retirement?
• The IRS allows you to use ( with the help of your attorney) your retirement funds to set up a ‘C’ corp for almost any purpose.
• You can buy a route• You can buy a taxi medallion• A frozen yogurt store is a tasty choice• Invest in a true growth industry
The Huffington Post reports: “Marijuana market poised to grow faster than smartphones”
Capital intensive Just need dirt
A true growth industry ( just add water!)
• Legal marijuana is among the fastest-growing markets in the United States, and it's growing at a rate poised to outpace the expansion of the global smartphone market.
• Entrepreneurs and private investors are flocking to cannabis markets
• At least $ 300.00 and ounce!• Lots of accessories to sell too!
Which client would you prefer ?
Meth-head? Or Pothead?
Online Resources
• http://bluntretirementtalk.com
• http://rollmyIRAtoweed.com
• http://makemyretirementchronic.org