Retirement is a sensitive subject now a days in the media. I recently heard a radio syndication that stated that only 14% of Americans were confident that their current retirement accounts would sustain them in the golden years. What a low figure compared to 86% who are running scared trying to scrap together a few more dollars per pay check to make life better for their future. I tell you, people have to learn to stop playing catch up all the time.
Best Quotes:
– Stocks were made for investors to keep, hold, and reinvest gains to retire early – RichUncle EL
– Social Security is the very foundation of retirement security for millions of Americans.-Sue Kelley
– A whole generation of Americans will retire in poverty instead of prosperity, because they simply are not preparing for retirement now.- Scott Cook
– If retirement were easy then everybody would quit and business / economy would suffer. -RichUncle EL
– I expect that my plan for money growth will exceed my expectations for Social Security – RichUncle EL
– Procrastination towards the future never panned out well for any body – RichUncle EL
What do you take away from these quotes? I think when taking into account that we are only saving about 4% for our retirement it has to be increased or many will be suffering later in life. Either that or those not prepared will have to work till they are 75 years old. Scott Cook said it in his quote with a simple phrase that will touch anybody currently nearing retirement.
What I wanted to convey with my second quote is that finally reaching retirement status is really hard and it takes a great amount of effort to get there. I am not close to being retired but I get how grounded you have to be every day get a step closer to it.
The third quote I came up with has to do with what your plan will dictate it to be. One can not solely base their future on Social Security because many politicians including Mitt Romney are talking about privatizing the plan. (Eliminating it) What will this plan entail? No one really knows, but you can not depend on it as it might be greatly reduced in the next couple of years.
I plan to retire one day but not 100% as I still like to work, but I would work more for myself and my family. Meaning I want to establish a business of some sort that can stay in my family for generations to come. Retirement for me means 50% of my time spent with family and the other 50% dedicated to growing my little empire.
Ok I see the future and because you are now more informed conscience individuals on the facts of retirement, you will now be better prepared to take it on.
Well there you have it my friends. Any of these make your favorite quote list? Please share a quote in the comments below.
RichUncle EL
