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	Podcast:		Lazy Money Machine Podcast
	Episode:		LMM9: Pension funds are screwed, and why you should build your own
	Category:		Business
	Duration:		00:09:02
	Publish Date:		2017-10-08 03:39:00
	Description:		According to a recent report, up to 3 million people in the UK alone will retire with less money in their pension plan than they were promised. In this episode of The Lazy Money Machine, we discuss our own financial situations and why you can never rely on others to look after you in your old age. The days of the “final salary” retirement fund (pension or 401k) are coming to an end. What’s scary is the demographic fundamentals - it’s only going to get worse. There are more old people, and fewer young people paying into these funds, meaning that the chances your pension fund won’t meet your expections when you retire will only increase. In the UK alone, experts say there is a $600 BILLION shortfall today. That’s how much money is “missing” from these funds based on what the contributors (i.e. normal people) have been promised. And that’s as of 2017. By 2027, that number will increase signifcantly meaning you have to take matters into your own hands - invest in passive income producing assets today because tomorrow only brings bad news.
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