Wednesday, July 1, 2009

RETIREMENT: SAY IT IS NOT SO

We all hope to live long enough to reach retirement but like many jobs today, "here today, gone tomorrow." A bit morbid, but that's life. Most of us will probably work through our retirement until death. "What," just to think, that feels like a knife through the heart. For goodness sake, I will come back to this.

Do you remember when a pension, really meant that you could count on enough money to retire when the time came. That is waaaaaaaay before the economy went out of control. You could blame it on many things but it does not matter now because for those who are ready to retire, it is too late.

Yea! our government will make an attempt to fix it. By the time it is done, if ever, "need I say it." The word decease comes to mind. Any way as the story goes, I remember when the 401k plan was introduced. It sounded great at the time and it was working at first. Than we saw the minus on our statement. Some people wondered, what does this mean. Not me! I knew because I worked in accounting.

Many rules came with the 401k plan and as always the IRS made sure their pockets would be filled with our money. Paying them a yearly income tax was not enough. The IRS tell trillions of people what they must pay to them each year. It is so much money that even the government and states can not keep up with it. That's when corruption on a high scale hits us in the face from people we trust to handle our tax dollars properly.

Okay, I got side track. Back to the 401k plan. Good ideal but a lot of people did not know how to invest and some companies decided to help them. It was all good. But in the end, we all lost money. We realize our pension/401k/retirement savings became a joke on us. To shorten this story the current retirees are screwed. This brings us back to the first paragraph about working till death do us part.

If you have something to say, "SPEAK NOW OR FOREVER HOLD YOUR PEACE."

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