Snips from Excerpt only Website.
To: MamaDearest
The survey found that 72% of Americans now expect to work through retirement
No one works through retirement - you're either working or retired.
2 posted on
12/08/2010 4:25:29 PM PST by
oh8eleven
(RVN '67-'68)
To: MamaDearest
While most Americans predict they will need a nest egg of $300,000 to live on for 19 years in retirement,... Before Obama's inflation plan kicks in.
3 posted on
12/08/2010 4:26:38 PM PST by
EGPWS
(Trust in God, question everyone else)
To: MamaDearest
The whole concept of “retirement” was created during the great depression as a gimmick to reduce the unemployment rate (old people retire, frees up jobs for unemployed younger workers)
Throughout nearly all of human history there was no such thing as retirement.
To: MamaDearest
Well be careful who you trust. Remember many people’s pension plans/401’s lost money already because of the banks and us having to save them and may lose more because many have invested in MBS’s (Mortgage Backed Securities) that are filled with toxic liars loans . They’re probably trying to figure out a way to latch onto the rest of our pension plans.
Low interest rates squeezing pension funds
Thanks to stock market gyrations and the lowest interest rates in 60 years, millions of Americans are struggling to keep their retirement savings intact and secure their future.
And it’s not any easier for managers of their pension funds.
Both groups share a mounting problem. The plunge in interest rates engineered to save the U.S. economy and banking system has left them with a giant money hole to fill.
continue http://www.msnbc.msn.com/id/38941692/ns/business-your_retirement/
7 posted on
12/08/2010 4:34:36 PM PST by
FromLori
(FromLori)
To: MamaDearest
Don't worry! The Obama Administration is introducing something called “Carousel”; when you reach the age of 50, you report to the transition center where you will be processed for rebirth!
8 posted on
12/08/2010 4:37:25 PM PST by
Grizzled Bear
("Does not play well with others.")
To: MamaDearest
...assuming a 5% rate of return. And how can you safely earn 5% on your money? What a joke.
11 posted on
12/08/2010 4:42:05 PM PST by
109ACS
(If this be Treason, then make the most of it. Patrick Henry, May 1765)
To: MamaDearest
I’ve already picked out the best underpasses to sleep in and the best dumpsters to dive into for scraps of food for my retirement plan.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson