The Traditional Method of Retirement Investing May Be Dead

The 2008 Global Credit Crisis changed things.  In the wake of a near complete collapse of the global financial system, a metaphorical “reset” button was hit.  Time will prove if this is true, but the ravishing effects of the Sub-Prime Mortgage Crisis may have set off a new trend in the global economy—and that new trend may be a gradual descent of America as the clear economic world leader, and a gradual ascent of emerging market economies such as China, India, and Brazil.In previous generations, working-class Americans were able to invest in retirement accounts each year, and at the end of their careers, if they had a good paying job for most of their adult lives and mastered their finances successfully, they were able to retire with at least $500,000 as a nest egg, and possibly much more.  That option is no longer available for Americans.  The current economic recovery in the United States is proving to be extremely slow, and the Federal Reserve is now saying we will see unemployment remain stubbornly high for several years as the economy exhibits very sluggish growth.