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EDITORIAL
August 26, 2004   VNN8685  

Your Financial Retirement And Beyond

BY YADUNANDANA PADA DASA

EDITORIAL, Aug 26 (VNN) —


A Co-op Member Services Organization

Help Us Understand Your Needs!

Dear Prabhu or Prabhavi,

This is real! The mechanism is now in place.

Please accept my humble obeisances; all glories to Srila Prabhupada.

My name is Yadunandana Pada Dasa (aka James Ordonez). I realize that this is late by 10 or 15 years and for that I profusely apologize. Some of you also know that I have been developing this since early 2002. Please forgive me for both delays. Please, therefore, help me to promote this as you would a chain-letter by sending this out to at least 10 devotees you know [  if not your entire devotee list :-)  ], asking them to please do the same. I will pledge to be eternally grateful to you with all my good wishes and at the service of each and every one of you (prostrated at your feet), as well as to those on your list(s) who also follow through in sending this message out. 

Please point your browsers to www.infinitedharma.com. I guarantee that this program will greatly benefit you or some one close to you. Please take the survey so that we may refine this program and create others. Please review and become familiar with the retirement program; at the end of all our work it ended up being a simple program with a simple system. Please become a member of our Co-op. Please sign up for our newsletter in the membership form. Please help us in serving the devotees of the Lord.

The Buddhi Yoga Society is a Co-op organization designed to work for you, to serve your needs, to be staffed by you, and to be owned and run by you. Please join us.

The Buddhi Yoga Society — was founded in Hawaii in 2002 for the purpose of giving hospice care to the devotees of the Lord in preparation for their journey home, Back to Godhead. Since then, it became very clear that a number of other programs need to run concurrently in order to realize this goal.

BYS (Buddhi Yoga Society) is not exclusive — this is a Co-op and it is for all devotees and for all persons, everyone and anyone can join and become an owner (see bylaws). Some of you may be familiar with how a food co-op works—you pay some dues, you put in a few hours of labor each week, and you reap the benefits of buying your produce at cost, below wholesale. The organization is owned by the members and is composed of the members.

The Buddhi Yoga Society is service organization also designed to be a Co-op composed of members from various temples, ashrams, varnas, occupations and organizations. However, instead of working together for vegetables and produce, our product is retirement benefits, employment, Group Medical Plans, Social Security, family planning, etc.

Programs — at the top of the priority list, are needs like financial retirement plans, Social Security, old-age homes and old-age-home financial care, medical care, counseling, youth awareness programs, family planning, education, ethics and etiquette, etc.

If at any time you wish to jump to our detailed slide presentation of our main program: Those Who Care, we encourage to do so.

Those Who Care is a plan developed to give you a retirement package, or to supplement your existing retirement plan. This model was created to serve you—our God Brothers and God Sisters, in order to facilitate your future in the service of the Lord. We have designed a mechanism by which individuals can take part in a financial retirement plan coupled with Social Security Benefits. This plan will give you the freedom to continue rendering service without the concern for financial security in the later years of your life. This can also be used to supplement households that may already be in the work-force but who wish to add to their retirement benefits.

Equally important, this plan will save our societies in the millions of dollars over time, and/or the embarrassment of having to turn members away for lack of funds to take care of the elderly.

With this plan, you or your sponsor (Temple President or financier) will invest in your future. The money that you give toward your dues are returned to you 100% in the form of a payroll check which is invested into your "Wall Street" (Mutual Funds & Annuities) retirement growth account.

You must perform a minimum of 3 hours of work each week for the Co-op in order to qualify for this service. Also, because your 3 hour employment is processed through a payroll system we are able to qualify you for a Federal W-2 employment process which will subsidize your Social Security Insurance account.

Here is how it works:

To join The Buddhi Yoga Society Co-op:

  • NOTE: to qualify for the Social Security Insurance portion of this program you will need to have a social security number.

  • Discuss this program with your head-of-household, temple president, or with yourself and decide who will financially sponsor your membership.

  • Fill out the membership form.

  • Your enrollment begins when we have received your enrollment application form and your initial first week's Co-op fees.

  • The weekly fees for each individual is $27 ($108 each month).

  • You will be employed by the Co-op to perform 3 hours of work weekly.

  • The Co-op will in-turn pay you $9 per hour ($27 each week or $108 Each month).

  • In essence, your $27 will be returned to you in exchange for your 3 hours of labor.

  • A commercial Payroll Firm (ADP) will process your paycheck and distribute it to your retirement accounts.
  • You will have 2 retirement accounts:
    1. A financial investment tax-deferred retirement account (IRS Qualified 403B) through a US bank Financial Institution.
    2. A Federal Social Security Insurance account.

  • You continue on this program giving your 3 hours of work to the Co-op and paying your weekly Co-op dues (Which will be due monthly).

  • This money that you have invested is your money being invested in a US bank under your name and social security.

  • You are able to see you money grow on a daily basis on the phone or on line by contacting your accounts.

  • You are able to close your 403B retirement account and receive your money back at any time as you do a regular checking or savings account. However, if you do so before age 65 you will have to pay taxes and a 10% penalty.

  • Your Social Security Insurance credits will remain in your account until age of retirement (62-67).

  • You may quit and come back any time you want.

  • You may change sponsors (Financiers or Temple Presidents) any time you want.

  • If you continue as a working/paying member of the Co-op you will be on your way to retirement security. Here is a sample of the projected numbers. (we have used an existing table which calculates the number $20. This is only an example but it will give you an idea.)

Rounded numbers—these represent approximates only
(the yellow column is the average)

Contribution
Per Week

Starting
Age

8.0%
at age 65

5.0%
at age 65

3.0%
at age 65

$20 *

20

$419,196

$170,559

$97,992

$20 *

25

$280,967

$129,014

$79,689

$20 *

30

$186,891

$96,462

$63,900

$20 *

35

$122,865

$70,957

$50,281

$20 *

40

$79,289

$50,972

$38,532

$20 *

45

$49,632

$35,314

$28,398

* Of course, you or your financier may contribute more...

This is in addition to Social Security Benefits

Please, Click here to carefully review our detailed and complete slide presentation

Happy retiring!

Begging to always remain your servant,

Yadunandana Pada Dasa
President—The Buddhi Yoga Society

Yadu108@aol.com

These and other programs will follow with your help in the survey and especially with your membership.


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