19 February 2011

Retirement? What was that?

For those who think privatizing social security is just a terrific idea, I recommend this story from The Wall Street Journal. How many of your friends and relatives will end up eating cat food in their old age? Not only do people discount the future and not save enough, but the private funds most of us must rely upon are insecure and volatile. The people getting rich off your 401(k) are the same financial firms that brought you the current depression.



Blogger Stan B. said...

Retirement Plan-
A tall bridge over some very cold water.

19 February, 2011 14:18  

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