Orlando, FL (PRWEB) March 5, 2005
President Bush took to the road in recent weeks to rally support for reforming Social Security, a move that would give citizens greater control over how they save for retirement and invest their money. ItÂs a theme that financial expert Robert Allen has been touting to millions of Americans through his "Creating Wealth" seminars.
According to a White House fact sheet, letting workers have options to invest their money would provide opportunities of higher benefits than the current Social Security system.
"The longer we wait to take action, the more difficult and expensive the changes will be," the White House Web site states.
Federal records show that by 2018 the government will pay out more in Social Security benefits than it takes in as revenue. Shortfalls will grow larger each year. By 2042, when todayÂs young adults begin to retire, the system will be bankrupt.
Allen, a best-selling author and financial trainer wrote Creating Wealth: Retire in Ten Years Using AllenÂs Seven Principles of Wealth! Another book he authored, Nothing Down, sold more than a million copies and according to Allen "helped untold thousands buy their first home or investment propertyÂ and for hundreds, perhaps even thousands, earn their first million."
During the past 20 years, Allen has become one of the most influential financial experts in the country. He has been featured in The Wall Street Journal, USA Today and The New York Times.
Concern over Social Security has given people of all ages a sense of urgency to seek out alternative retirement funding, such as real-estate investments. The Robert Allen Institute has seen an influx in recent weeks of people signing up for its training sessions. The Orlando Institute helps hundreds of people daily to fulfill the American dream of owning real estate to become financially secure.
During the presidentÂs recent five-state swing, he said personal plans would give citizens more "peace of mind."
AllenÂs "Creating Wealth" training sessions will be held in Colorado, Nevada, Maryland, Texas, Virginia and Florida in the coming weeks. For more information about the Robert Allen Institute, call 1-800-809-1282, and then press 2.