[napscoordinator]

Well those that saved will be contributing to those who don’t. Our country is in big trouble. I am 46 and can’t imagine what 70 will look like around the United States. Kinda scary. Although my grandmother used to say life was much harder 50 years ago and scary to so who knows maybe it will be better for all of us.

[sparklite2]

Well those that saved will be contributing to those who don’t.

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Maybe not so much. The key to retirement financing is to withdraw from your IRA an annual amount that is less than half of your social security income for the year, assuming you have no other income. This will keep your total income below the level that becomes taxable. By paying no income tax, you are not contributing to the upkeep of useless eaters.