Tuesday, December 7, 2010
The Great Risk Shift
How timely can this be for our risk unit. Check out this article that sums up you reitirement risks. Remember, before you get depressed, the good news is you are young and you now know the rules of the game. This combination makes it attainable. Dismiss all of this at your own risk!
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I feel that so often the government creates plans for the future without researching how it can or will affect the future. Retirment is something many people look foward to, and to know that those years may no be attainable are upsetting. But I'm not one of those people. I plan to be a teacher for as long as possible. I think I've found a proffession in a field that I really enjoy, and I can't see myself ever stopping. Ofcourse one day I'm going to have to retire, but by that point I hope the government figures out how to fix the problems they have caused.
ReplyDelete-Anthony Madonna (pd 9)
Reading this makes me sad, but strangely, not nervous yet. maybe it's because I won't have to face the consequences directly for many years, and also maybe because i find this economic deterioration inevitable. I agree that Congress should focus more of their concerns toward the retirement problem. In all honesty, i'm horrible with this area; i wish i understood more about what's going on. but judging from the comments below the article, people aren't happy and instead criticizing government for rewarding the people that are more lazy, etc. please someone clarify what is going on.
ReplyDeleteDana S. (pd.7)
ReplyDeleteIn the most recent midterm elections, Social Security was one of the most contentious and deciding factors in the election of a candidate. It is no surprise that senior citizens have not been getting as much money from employers for their pensions and Social Security funds have been practically used to the bone by the government for other matters, such as the war in Iraq. Now more than ever, working citizens are having to worry about whether they can retire at a decent age or not because of the lack of money in the Social Security fund and the lack of help from employers. Overall, this article stresses immensly the importance of saving some percent of your paycheck for your retirement fund so we will not have to deal with these same concerns and problems that working citizens have to deal with now.
Frank Wirth
ReplyDeletethis is wrong. people shouldnt have to worry about their social security. The government should protect the money benefits of senior citezens. No one should have to deal with this problem because the government should take care of it.
I think the article was interesting. It's kind of daunting to know that stuff like pensions are disappearing, my grandparents live of my grandpa's pension from the post office. It means that people are going to have to start saving earlier if they think they'll ever want to retire.
ReplyDeleteUnfortunately (and fortunately at the same time), when reading this article I couldn't relate or see how large of an issue it actually is as someone who is looking to retire soon will view the problem. Looking at this article, the big issue is that people aren't educated and taking it seriously until it becomes their problem. The sad truth is that many Americans aren't overly concerned with what doesn't affect them directly and many aren't sympathetic to the struggles of others. Due to this, many who hear of the retirement issues, say who cares if they work a little longer? or hope that the government will solve the problem by the time they get to that point in their lives. It may seem that retirement is a luxury but what people need to realize is that it is also a necessity. This is considering some cannot work as they grow older and despite legislation, there is age discrimination. This article is important and needs to be read because it educates people on the issue, where the focus needs to be, and how people can protect themselves from it.
ReplyDelete