by Gary Christenson
Social Security Pensions? Surely they are safe … the government told me they were safe. But there is more to the story, so read on.
Private Pensions? State retirement accounts? An IRA or 401(k)? Equivalents in Europe, the UK, Australia, and Japan are probably similar. All are at risk and will be discussed further in part two.
Few individuals think about such things, our unpleasant realities, the facts, and mathematical inevitability. It is easier to dream about the “free stuff” we will collect when our favorite Presidential candidate is elected. You know … “hope and change, a chicken in every pot, no more foreign wars, reduce the deficit, free college tuition, free health insurance, lots of free stuff for everybody, no new taxes, kinder and gentler, the check is in the mail,” and further nonsense.