I read an article today that said and I quote “This is not the beginning of dismantling what we have, it is crafted to protect what we have.” (Boston Globe) and as I read, I could not help but to wonder if all the approaching 55 or 65 individuals echoed those same sentiments? Better yet what does our government have planed for that same age demographic who has not only recently loss their jobs, but what minuscule pensions they once had?
I guess the even bigger question is what will the State Pension Systems look like by the time I am 65? It is deathly apparent that our national government has some major work to do when it comes to securing jobs, resources and federal funds that will assist and or support several generations down the line and as a people this is not the time to create this "got to get mine" mentality. We must put a plan of action into place now or my generation, your generation, your children's generational retirement age and top years earnings will drastically change. That my friend is a very scary thought!
Keith Fitz-Gerald wrote an article in January 2010 entitled "Why the Government Wants to Hijack Your 401(k)" and in the article he states "It's bad enough that we've been forced to bail out Wall Street. But now the Obama administration is hatching plans to raid our retirement savings, too." (Money Morning) Although I am a firm believer in not believing everything you either see on television and or read on the Internet, there are however somethings you need to give careful consideration to, and I believe this is one of them. Pay attention to what the government is doing to every penny of your hard earn money, because one day you may wake up and that little that they have been setting aside for you has now turned into an IOU.
I guess the even bigger question is what will the State Pension Systems look like by the time I am 65? It is deathly apparent that our national government has some major work to do when it comes to securing jobs, resources and federal funds that will assist and or support several generations down the line and as a people this is not the time to create this "got to get mine" mentality. We must put a plan of action into place now or my generation, your generation, your children's generational retirement age and top years earnings will drastically change. That my friend is a very scary thought!
Keith Fitz-Gerald wrote an article in January 2010 entitled "Why the Government Wants to Hijack Your 401(k)" and in the article he states "It's bad enough that we've been forced to bail out Wall Street. But now the Obama administration is hatching plans to raid our retirement savings, too." (Money Morning) Although I am a firm believer in not believing everything you either see on television and or read on the Internet, there are however somethings you need to give careful consideration to, and I believe this is one of them. Pay attention to what the government is doing to every penny of your hard earn money, because one day you may wake up and that little that they have been setting aside for you has now turned into an IOU.
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