“If stocks, bonds and real estate all decline going forward, where are pension funds going to earn their 7+% annual yields?   If pension funds lose significant percentages of their assets to market declines, earning 7% will be the least of the problems. As for the Federal retirement programs: if the erosion of full-time employment continues as a long-term trend, Social Security and Medicare will both start running massive deficits as the number of Baby Boomer beneficiaries continues rising while the payroll tax base shrinks.”

http://www.oftwominds.com/blogoct13/peak-retirement10-13.html

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy