PRLog - April 16, 2010 - RetireCo, Inc. of Milwaukee, WI thinks that retirees need more guidance when it comes to retirement planning. RetireCo is a unique financial marketing company that allows retirees to gain a valuable education, while shopping retirement solutions, annuities, and insurance products from a variety of companies.
RetireCo Education Website
CEO, Matthew T. McGonigle, has met with literally thousands of retirees over the past decade in Midwest, and what he has found is rather shocking. “Most of the people that I meet with have very little idea what type of investments they have, the amount of risk they are taking on, and the amount of fees they pay each year. In fact, it is safe to say that less than 10% of the families I have met with could even tell me the difference between their qualified (IRA) and non-qualified money.” Clearly, there is tremendous lack of basic education.
The Supreme Court recently ruled that an individual employee can now sue their employer over “the management” of their retirement plan, and that has a number of employers scrambling to cover their bases. First of all, the US Department of Labor states that plan providers need to ensure that all employees have basic retirement knowledge that allows them to make “informed decisions.” When is the last time you made an “informed decision” and were not told what to do with your money or sold a product? Unfortunately so much of our financial system in this country is based upon greed and taking advantage of the little people who do not know any better.
RetireCo offers an alternative solution that it feels will help employers potentially reduce their liability, while providing a valuable education to their employees. Their latest subsidiary, RetireCoEducation.com, offers an online video subscription that provides employers with a simple solution to ensure that their employees do have a basic understanding of retirement planning. On RetireCoEducation.com a wealth of knowledge can be found about a seemingly endless variety of retirement topics. While the educational material is not intended to replace professional legal, tax, or investing advice; it is perhaps one of the most engaging presentations most individuals will find to learn the basics.
RetireCo is clear in stating that it is not trying to replace professional advising with an online video. They are simply providing enough education to allow an individual to have an informed discussion with the professionals assisting them with their retirement and estate planning. “These are the basic foundational elements that baby boomers were simply not taught in the school systems of the United States. It really isn’t too hard to believe that there is such a lack of retirement planning education. At the time that most baby boomers were in school, the majority of the working population had a defined benefit plan, and the concept of saving your own money and making it last a lifetime was non-existent,”
When you combine an uneducated population, an undefined amount of money subject to market volatility, and an ever-increasing life expectancy, you have a recipe for economic disaster. Perhaps RetireCo has the answer we have all been looking for, even if we didn’t know we needed it! Both Consumer and Business educational subscriptions are available at http://www.RetireCoEducation.com, or visit http://www.RetireCo.com to learn more about the company.
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ABOUT RETIRECO – RetireCo, Inc. is a Nevada based corporation, a subsidiary of RetireCo Holdings, LLC, with principal offices in Wisconsin and Minnesota. The team at RetireCo has consistently delivered high end consumer marketing materials and product development for the life insurance and financial service sector; as well as web, print, and multimedia advertising for several Fortune 500 clients. RetireCo representatives offer a variety of products and services for retirement, estate, and insurance planning.