Retirement? What's That?
Posted Jan 26, 2008 @ 9:57 pm UTC · Comments
tagged: 401k, politics, retirement, social security
It just occured to me to look this up… I starting thinking about the average life expectancy when Social Security was established. It turns out that the retirement age of 65 was set when the average life expectancy was 63. So… now that average life expectancy is somewhere around 80… yeah, do some math in that head of yours. Social Security was a bad idea when it was first set up. Even if we weren’t living longer it’d be sure to be a stinking mess after a few decades. Throw in the fact that we’re all living a lot longer and it’s a wonder that our country hasn’t collapsed from supporting Social Security.
Save now for retirement. Don’t blow your income on daily coffees, slushes, danishes, gigantic widescreen TVs, monster gas guzzling vehicles, etc and most likely you will enjoy a fat return during your retirement— without ever depending on the government.
On a side note, I have no idea what-so-ever who I am willing to vote for this fall. All of the Democrats give me visions of a nation pointing a shotgun at its own collective head and the Republicans.. oh, shiver. Not much better. Ron Paul? He’s my only hope and I’m still not so sure about him.