How to avoid a cat food retirement
This isn’t funny.
What do you have to eat when you have no money? Well, you stand in line at the soup kitchen or at the church food pantry. What if you are a senior citizen and can’t get to the free food? Well, you might eat from the last cans in your cupboard. If you’re starving, you might be sharing a meal with Tabby.
Today, half of all Americans age 65 or older, had an annual income of $18,000 or less. Over 40% rely on Social Security entirely which means an average income of $14,000.
If you have to pay rent, utilities, food, clothing, how do you survive on an income of $1,500 or less a month?
AND THIS IS TODAY! WHAT HAPPENS TOMORROW!
You don’t have to be a news junkie to realize the fate of Social Security. The minimum age will be raised to 70 or higher, benefits will be cut and cost of living adjustments will not exist.
You don’t want to rely on Social Security for your Golden Years.
You don’t want to rely on food stamps, welfare, charity or the generosity of your family.
How about the future of public and private pensions? Again, fewer and fewer employment contracts even address any type of pension.
Bottom line – If you want a secure retirement, you are on your own.
You must save. You must invest. Make this a mantra, “I must save. I must invest.”
This isn’t funny.
People in their twenties and thirties have a choice. Work hard, invest and retire as millionaires. Or, ignore reality and share dinner with Snowball and Whiskers.
This isn’t funmy.
Save yourself.
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