August 11, 2026
"Not all opinions are created equal. Some are a great deal more robust, sophisticated and well supported in logic and argument than others." Douglas Adams
So, which system do you want to be covered by when you retire? One that has paid out an annual return of 6.85 percent or one that’s completely bankrupt and funded from current tax dollars? Apparently, America is split on that question:
50% of the workforce has no private pension coverage.
31% of the workforce has no savings set aside specifically for retirement.
I have only one question if you are part of that 50% or 31%: are you crazy? [cont…]
Would you believe that Social Security is now running in a deficit? Shocker, right? According to the 2011 Annual Report (the “Report”) to Social Security and Medicare Boards of Trustees, “Social Security expenditures exceeded the program’s non-interest income in 2010 for the first time since 1983.” Or, in other words, Social Security sent out to retirees […]
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