Outrage: The Next Stock Market Crash is Required By Law
Did You Know An Obscure 38-Year-Old Law
Almost Guarantees A Stock Market Crash In 2012-2016?
The crash could start as early as this year - all because of a short-sighted law passed 38 years ago called ERISA.
And the scary part is, it doesn’t matter who gets elected this November.It’s likely too late to stop it.
Here’s what you need to know...
ERISA is a bill passed in 1974 that brought us IRAs and 401(k)s. And since then millions of workers have been stuffing money into these retirement accounts.
That's nearly 40 years of savings and wealth inside IRAs and 401(k)s.And almost half (48%) of that wealth is invested in the stock market.
Here’s where it gets dangerous...
ERISA threatens retirees with losing 50% of their retirement account if they don't exit the stock market by age 70.
Once a retiree turns 70 and 1/2 years-old, starting the next April 1st they must start withdrawing at least the required minimum each year... or else pay a large penalty.
So what happens if a large demographic starts turning 70 all at the same time... like the baby boomers will starting in 2016?
They will leave and the stock market will tank.The sudden drop will cause more investors to leave the stock market, and the full-blown crash will be upon us.
Many baby-boomers, having past age 65, are already retiring and taking their money out of stocks.
That’s why many of the ultra-rich avoid the stock market altogether.
In fact, just this week Dallas Mavericks owner, Mark Cuban, referred to the stock market as a “platform for hackers” and a “recipe for disaster.”That’s another member of the ultra-rich jaded by the stock market.
To discover how the ultra-rich are choosing to invest instead - including strategies many in the middle class have never heard of - you need to watch this free presentation now.
PS The MAJORITY of stock market trades are now made automatically by computers.The decisions are triggered by algorithms designed by companies like Goldman Sachs and “hackers” like Mark Cuban described.
PPS Did you know you don't have to invest your IRA and 401(k) in the stock market? There are ways to free the money inside and invest in safer investments like gold, income-producing real estate and more.
Watch this presentation now to see how informed investors do it differently than the rest.