Retirement in the USA............................from Rico

In a mere thirty years, the definition of "retirement" in America has changed.

While people are bombarded with "new historic highs" in the equities markets by the FTV and MSM infomercial machines, few stop to notice that most have NO investments in stocks, and 1 in 3 has no savings.

Take a look at the decline of the Dollar in the past thirty years. This defines the difference between 'nominal' and 'real'..same number of Dollars equals much LESS purchasing power. Then consider:

- Only about 10% have pensons today.

- About 65% have the 'option' of a 401K, but few really use that option.

- Social Security will be the MAIN source of retirement income for many...this is why 'boomers' are NOT retiring in droves as we're told they are. They are staying in the workforce.

Retirement won't be the ideal of sipping margarita's on the beach for most, but it will instead be working to the end of their days...and it will be a very 'tight' time along the way (if they have, or can keep, a job).

Have I mentioned yet what a 'good' idea it is to raise taxes right now?

- Just pulling your leg......