Step one of financial security in old age is to save enough but to save one must earn enough.
So first, beginning at age 21 earn at least $250,000/yr. and save at least half(or more) of it in investments that always go up 5 to 10%/yr with all earnings reinvested.
This assumes excellent health, steady employment and regular significant pay increases above the rate of inflation.
Do these basic responsible things and at age 67 you won’t need to worry about SS going broke.
“But wait!”, you say, “Not everyone can do all that.”
Right you are so there is an alternative. Inherit a fortune when your father dies.
There it is, folks. Be responsible!
Right you are so there is an alternative. Inherit a fortune when your father dies.
There it is, folks. Be responsible!
There is another way. Try to get of cocaine importation business like Obama and his Democrat Party are doing.