Kentucky's Pension Crisis Affects Many Citizens Throughout the Commonwealth
If you teach or work for the state or local government, chances are your pension funds are at risk due to several factors.
This infographic from IRAYourWay.com explains the low funding levels of the Kentucky Teachers Retirement System, the Kentucky Retirement System and the Kentucky Employers Retirement System Non Hazardous plans.
It makes sense that a healthy pension plan should be funded at a 100% level. If a plan's funding level drops below 80%, it's considered unhealthy.
Actuarial experts ominously refer to pension plans with a 60% or below funding level as being in a "death spiral." This is the level where depletion of assets can become a stark reality due to the rising costs of benefits and expenses.
Your Way Is a Better Way
It's important to be aware of the fiscal shape of your retirement savings. At IRAYourWay.com, we can help you solve the pension crisis problem by assisting you in the formation of a Kentucky self-directed IRA LLC.
We recommend the self-directed IRA LLC because it gives you checkbook control over your investments and peace of mind LLC asset protection.
Not to mention you can invest in alternative assets that you're comfortable and familiar with and you can enjoy tax-deferred and even tax-free gains.
Call 606.887.9271 for a free consultation and find out how you can get started saving for your dream retirement without the government's "help."