Bookpage_sample_vadimKozlov 2019-05-28T19:07:05+00:00

The Working Dead Book

This book helps people:

  1. Understand why this country is in a financial crisis how Banks, Companies, Wall Street, Universities & Politicians profit from it
  2. Analyze where they currently are financially
  3. Set their goals & dare to dream again
  4. Learn important financial concepts not being taught in high school, college or graduate school
  5. Provides proven programs to give them the foundation they
    need to become financially independent later on in life

Readers Get All The Tools They Need To Properly:

  • Build for Retirement [401K, 403B, 457 NOT the answer]
  • Fund Your Children’s College Education [529 NOT the answer]
  • Reduce the Effects of Inflation [Banks NOT the answer]
  • Build Wealth Tax-Free through IRS Code [Stocks NOT answer]
Get “The Working Dead” Free!

A Critical Need:

“The best financial book since ‘Rich Dad, Poor Dad!’”
— Sheng Shueng, Ph.d Economics, M.S. Family Studies

About Author

“When it comes down to it, in order to have the quality of life we expect and deserve, we all need to be “entrepreneurs” in our own right. It doesnt mean that we have to own our own businesses. We just have to have control over our lives Not just be members of The Working Dead, slaving away to make someone else rich. To avoid that, we have to know how money really works and how to get it to work for us, just like the rich.”
— Lyle Benjamin

Learn More About The Author

Lyle Benjamin
Author, Educator

“Models work when they are appropriate for the particular circumstance, but some of the best investment Judgments
over time have come when people recognized that models derived in other periods were broken or not directly relevant”

— Abby Joseph Cohen

Regardless of Your Education, Income or Success, Most People:

Don’t understand how money works
Have little money for emergencies
Won’t meet their retirement goals
Fail to pay themselves first
Pay too much in taxes
Are drowning in debt
Earn a low rate of return on their money
Spend too much of their monthly income
Will fail to leave a positive financial legacy
Don’t have Long Term Care Protection be retired
Will have to work long after they should be retired
Won’t be able to fund children’s college education

Compares to “Think & Grow Rich” Napoleon Hill
“Rich Dad, Poor Dad” Robert Kiyosaki • “The Retirement Miracle” Patrick Kelly

“The Working Dead” Excerpt Chapter 7
The Bust of Our 401(l), 403(b), 457
Defined Compensation Retirement Benefits Plans.

In the early 1980s when more and more companies wanted to retire their pension and thrift plans because of their high expenses, large companies (Johnson & Johnson, PepsiCo, JC Penney, Honeywell, Savannah Foods & Industries and Hughes Aircraft Company) replaced them with plans derived from section 401(k) of the Internal Revenue Code.

This code allowed employees to contribute part of their pre-tax wages into managed retirement plans and receive a tax-deferment until withdrawn at retirement age. Companies were allowed to set up a percentage based matching program to sweeten the pot and encourage employees to participate.

On the surface these retirement plans were a win, win, win.

Winner #1: Companies got to scrap their high-cost pension plans matching a small percentage that kicked in only if the employee contributed a like amount to their retirement. But the best part was that all company contributions ended when employment ended. Pensions had companies on the hook for 30%, 50%, 70% of an employee’s annual salary until the former employee passed.

Paying a small matching percentage into a 401(k) plan for 10, 15 or 20 years amounted to what the company would have had to pay out of a pension for a year or two.

From 1981 to 2012 the number of companies offering 401(k) plans grew from essentially nothing to over 515,000 with over 52 million American workers participating to the tune of 2.8 trillion dollars. Can you whistle loudly?

By comparison, mutual fund assets held in retirement accounts (IRAs and Defined Contribution plans including 401(k) plans) stood at $6.8 trillion as of June 30, 2014, or 43 percent of overall mutual fund assets according to a recent report from the Investment Company Institute.

Winner #2: Wall Street. Do you think it’s a coincidence that the stock market rose only 100 points from 1950 to 1979, and then with the introduction of the 401(k), went up like a rocket? From 1980 to 2015 the S&P rose over 2,000 points as the number of investment dollars went from $1.5 trillion to over $21 trillion! At the same time the Dow went from approximately 1,000 points to over 18,000!

Investment banker, hedge fund manager, securities broker became the hottest jobs on the planet.

  • Who makes the commissions? Wall Street.
  • Who manages the funds? Wall Street.
  • Who receives their commissions, regardless of performance? Wall Street.
  • Who paid out millions in bonuses even when Americans were going bankrupt in record numbers? Wall Street.

Point to remember: You don’t earn money in the Stock Market. You win it. Or you lose it.
And you can’t influence the outcome by working hard. You can’t predict the outcome by following trends. You can’t time the market. In short, you’re taking a risk by just being in the game.At best, it’s an educated gamble. At worst, it’s a free falling nightmare into a black pit that smothers your dreams in ashes.From my experience and perspective, the only people that should take the risk – are people that can afford to lose the money. And that’s not most of us

Winner #3: Uncle Sam. How does the government come out of this a winner? Well, remember that tax deferment you received when you put your money into a 401(k)? The one you were so happy and eager to get? Fast forward to age 65. You just had your retirement party. You plan on kicking back and traveling around the globe. One new country a year and shorter trips around the good ‘ole U.S. of A. Sounds like a dream come true.

Your plan is to take out $40,000 a year from your 401(k) account, but you forgot one small detail … it’s time to pay the piper. It’s tax time. And when you need the money the most (and you’re not working) you’re going to have to pay 25%, 30%, 35%, 40%, maybe even 50% to the government.

Here’s the deal. The government was very smart. You could have paid 30% in taxes ($1,500) on the $5,000 you put in your 401(k) plan back in 1998. Instead, you elected to get the deferment and wait until it was time to harvest your crop before you had to pay your tax bill.

Now, 30 years later your $5,000 increased to $50,000 and your tax bill went up along with it. I don’t know about you, but I’d rather pay the $1,500 now, not the $15,000, $20,000 or $30,000 later.

Remember, this was a win, win, win scenario? Sounded great right? But we still have one more participant to add to the equation. Loser #1: Us. Our retirement is now largely in the hands of Wall Street.

Companies are fine with this because of the savings to their bottom line. For the company, it doesn’t matter how your retirement funds perform: It’s not their problem.

They gave us the freedom to sign-in, make choices, and they even contribute additional cash in the form of a match. In their eyes, they are the hero.

The truth of the matter is that large companies no longer have loyalty to short, medium or long-term employees. Their major focus is how they appeal to Wall Street. Anything and everything they can do to improve their “financial image” is seemingly fair game: Everything from cutting employee benefits to cutting employees.

I have an associate, Andy, who worked for IBM for twenty years. He managed a team of 144 programmers. One day his boss calls him into his office. Half expecting a raise, he’s told instead to look for another job. Andy, who took the job with IBM out of college because of their policy “IBM for Life” goes home and cries. He manages to transfer to another department and save his job, but IBM lays off over a thousand employees.

As you might know, this isn’t unusual. Many workers devote years and years to their companies putting up with everything from low wages and high taxes to unsatisfactory working conditions, unfulfilling work, unhappy bosses, unhappy co-workers and stressful commutes. And why do they do it? “It pays the bills.”

The hope that people can pay their bills, live comfortably, and build up enough for their future is beyond the sights of too many working class people. And for the ones that think they are doing enough to build for their future … ?

Well, this is what Time magazine said about investing in your 401(k). “The ugly truth, though, is that the 401(k) is a lousy idea, a financial flop, a rotten repository for our retirement reserves.”

Forbes magazine had this to say, “A 55-year-old employed man who wanted to withdraw $50,000 from his 401(k) would get to keep only $32,500 because $17,500 would go to taxes and the early-withdrawal penalty.”

But one of the biggest slams came in the form of an investigative piece done by award-winning CBS journalism television show, 60 Minutes, where they characterized it as “… a retirement system that’s jeopardized the financial security of tens of millions of people.”

We’d like to hear from you and see what you have to say on the subject. Any personal experience you’d care to share? Simply log-in and submit.
But now that we’ve explored how miserable, deplorable and shockingly ineffective retirement plans are for most of us, you’re going to learn that’s not even the bad news. It gets worse. Much worse.
Read on…
Get “The Working Dead” Free

Working for the Betterment of Kids,
People & The Planet!

Making the World a Better Place,
One PAK at a Time!