Is there an alternative to a traditional pension plan?

The Los Angeles Times in today's edition had the following lead to it's article:

"WASHINGTON — Nearly two-thirds of employers that offer traditional pensions have closed their plans to new hires or frozen them for all employees, or plan to do so in the next two years, according to a study released Tuesday."

We always have options, no one said they were good options.

The questions to ask are - 'how good are the options?' or unfortunately many time we have to ask, 'are the options any good at all?'

I like to view the available alternatives in the context of 'good', 'better' and 'best'.

'Good'  = Find the information and use it.
'Better' = Find a tool in addition to the information, and use it
'Best'   = Find someone who has the information and the tools to do it for you.

If you go to http://www.wealthbuilderuniversity.com/prepaid.html it will get you started.

Alex Weiss, co-founder
WealthBuilderUniversity.com