For many, retirement is so far down the priority list of things that need to be thought about right now, but for a minute lets think about our financial future.
The United States is currently 20 trillion dollars in debt, with Medicare/Medicaid and Social Security being the two largest budget items. What does this mean for those who are are only in their 30's and 40's?
I will leave you with just a few questions to consider before you return to worrying about the present day and decide for yourself whether or not you should take action regarding your retirement now.
The United States is currently 20 trillion dollars in debt, with Medicare/Medicaid and Social Security being the two largest budget items. What does this mean for those who are are only in their 30's and 40's?
Refer to http://www.usdebtclock.org/ if you want to better visualize the dire situation that the economy is currently in.
I will leave you with just a few questions to consider before you return to worrying about the present day and decide for yourself whether or not you should take action regarding your retirement now.
- What does this deficit mean for your personal retirement?
- The minimum age for pulling from Social Security is already rising, how high do you think it will be when you want to look to retiring?
- How important to you is financial stability throughout your lifetime?
- Do you want to procrastinate on issues of your livelihood until it is too late?
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