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stephenwilliams2345of NY1:08AM May 30, 2012
Break open your piggy bank if you plan to retire. The savings are up to you in most cases. To support yourself or a loved one after retirement will cost a lot of money, and require a lot of time. There are services, however, available to many people with low income levels and there may be more after the health care reform takes place.
To figure out finances for care after retiring, visit: www.GeriCareFinder.com
There are financial calculators available for you to use to help with determining costs and expenses.
Ronof CA2:48PM December 17, 2009
Here are a couple of big-picture reasons.
1) The Reagan-to-Bush tax cuts from 1980 to present concentrated much of the "retirement" funding of America into a very small percentage of people at the very high end. Pensions went away in large part because high end tax cuts created the incentive for corporate leaders to dump both employees and their long-term welfare needs for greater personal gain in bonuses related to stock prices and largely untaxed capital gains.
2) The lack of cost-controlled single payer health care in America is killing the ability of most Americans to "save" for anything but the inevitable hand-over of whatever savings to medical corporations.
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stephenwilliams2345 of NY 1:08AM May 30, 2012
Ron of CA 2:48PM December 17, 2009
Muser of NM 5:23PM December 15, 2009