i am worried

I AM WORRIED
now i am not worried about my wife she and i
it looks like we will be able to live comfortable
the rest of our lives
doing all the things that we like to do

looking at my siblings it seems they will be in the
same boat

all have social security some type of retirement plan
some have more than one of those
plus some have saved money in their retirement plans

forbes.com

but when i look back one and two generations
there are problems on the horizon

first
social security
now i got in an argument the other day with someone
over social security
i usually dont talk about politics and money stuff around folks
unless im pushed
it wont be there was said
well i thought to myself and maybe said it to them
youd better dang be sure it is
or
you are in trouble as will be tons of americans
it gets scary when you see how much retired folks depend on
social security

dont let the politicians muck with this program
dont let them privatize it or use tax credits or use some other trapdoor
process
make them leave it alone except for tweeking it some to make it last
for our future generations
like
increase the upper income level on which the tax is paid
say $250,000
change the cola so its lower
tighten some of the rules
get rid of the complicated system thats used now
do i file and suspend or do i suspend then file
i suggest when you reach fra that full retirement age you get 100%
retire at 70 and you get 100%
retire at 62  and you get less
kiss is what they need to do
keep it simply simple

the pensions are in trouble
they are gradually going away
401ks are replacing them
that requires some incentive some initiative from folks to save
or
we gonna have a broke group of old folks without pensions or money

maybe make it mandatory
like social security
invest say 10% in a safe plan
dont let the wolves steal folks money
so
when people do retire they have a pot of money to draw from
like my wife she and i have managed to do
since we dont have pensions well i dont she does
but hers doesnt ever change
what she gets now
is what she will get in 20 years
no cola exits

now since she works for a school that doesnt pay social security
even though she paid into the system for years before becoming a teacher
she will get only about 30% of what she should get

when i die her widow benefit will be only about 50% instead of 100%

i am really worried about the pensions
how safe will they be to be there 20 years from now
i see them going away going broke every year
yes they are insured
but
folks dont get their full benefit from these failed plans

so
if you dont have grey hair
i suggest
stay on your politicians butts to take care of social security
to fix it

start saving in your retirement plans to the max allowed
like 401ks 403bs 457s etc
start low and add a percentage or two each year until you are
saving 15%

start downsizing you life now
now while you have money coming in
buy used stuff quit wasting money cook at home instead of eating out
etc etc etc

dont carry debt
do you have $500 dollars cash to use if an emergency happened

remember
if you make $120,000 a year for 20 or more years
you will draw around $30,000 a year from social security
if you dont have a pension wheres the rest coming from

if you want to live on $80,000 a year
then you need to have $1,250,000 in your retirement plan
to get that extra $50,000 a year

this it seems will be the situation that most folks will be
finding themselves in
those generations behind me

so
thats why i am worried

i dont see anythang being done to fix this situation

the organicgreen doctor