December 2015. People used to look forward to stopping work, but in the 21st
Century... getting the traditional gold watch followed by the eternal
vacation and golf 'till you drop is gone.
Retirees used to depend on a pension plan and social security for
income. Unfortunately, pensions and benefit plans have become obsolete,
and many investments meant to take their place dropped in value with
the financial implosion of the last three years.
Retirees today face investment losses, low interest on savings, and
according to the latest reports — a reduction of 50% or more in the
value of their home… which ends plans to sell the big family home, buy a
smaller retirement home and add the rest of the profit to a retirement
nest egg. Some won't see the lost equity come back in their lifetimes.
To make matters worse, the past recession and current slow economy has
wreaked havoc on many. The price of basic living is not going down.
Jobs are scarce, especially for those 50 and over.
How Are You Going to Pay Bills?
