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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: Re: Accidental Retirement Date: 5/5/2005 12:35 PM
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"you'll just have to take care of your own retirement somehow."

I think this is the reason IRAs and 401Ks were created in the first place. The funds going into Social Security are increasingly diverted to benefits for the poor and disadvantaged. Ie, those who minimally qualify for coverage do quite well in their overall SS payout. Its those of us with decent paychecks who max the SS limits most of the time who have trouble getting our money back from SS (and it sure looks like its going to be worse in the future).

This is a very good reason to plan ahead. Fund you own retirement from savings and investments. And be ready to retire earlier than planned if those circumstances come up.

Otherwise, you are destined to struggle to make ends meet--typically under paid, often under employed, usually under appreciated. Just working for a paycheck until you can retire. This is definitely a bad deal!!

What a life. Humans deserve better. I like the S. American line: work is for animals.
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