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Here's ago never one my name is dark IASI I'm the owner of a Fosse Financial Group today's topic I want to discuss with you guys American Funds retirement and how you can obtain preservation consistent account growth and also a personal pension plan aspect if you have access to an American Funds type of retirement account or let's say you're you know you're currently investing some sort of mutual funds through American funds and that set up through your 401k plan your four three B plan or just a typical IRA kind of show you what the mistakes that many individuals have made on why they can't properly retire and then different ways on how you could roll this over into something that can give you that preservation that consistent account value growth and give you that safe and considered that safe consistency in retirement to essentially turn on lifetime income at a later date and time so with any sort of American Funds retirement account you may be investing in a 401 K currently and essentially what's been happening is you were working for a company and let's say 10 20 30 years, and you keep placing more and more money into something known as a 401k account or an IRA account so your contributions year by year you're placing a percentage it could be ten percent could be five percent whatever that is of your salary you are placing it into this 401k account now what determines how large this bucket this 401k account bucket will grow is the amount of money that you contribute and the percentage that it gains or losses so if let's say your place you know a million dollars into this account throughout the years but yet your return was negative fifty percent in a given year well then you're not going to have a million dollars in that account any more it's just going to be 500 thousand it's very simplistic or vice-versa you go, and you have you know you have a significant growth into your account let's say you have five hundred thousand in there, and you have a gain of fifty percent well now this will be seven hundred fifty thousand dollars into that account value, so it's always going to be whatever you contribute plus whatever the gain in there and throughout time you know all financial gurus if you look up content if you listen to the radio they'll say okay invest a portion of your monies a VESA portion of your salary into some sort of retirement account and the market should always be increasing it should always be increasing just basically stick you know stick with your guns and American funds is one of these companies that they have some perfect you know they have some perfect mutual funds in there, and they've had some good past very good past performance with some of their funds, but you have to understand something there's a risk associated with any sorts of mutual funds, and it all goes down to a little factor known as reverse dollar cost averaging and this is having been an integral part on why individuals cannot properly retire because they...
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