Carol H Tucker Passionate about knowledge management and organizational development, expert in loan servicing, virtual world denizen and community facilitator, and a DISNEY fan
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beladona Memorial Be warned:in this very rich environment where you can immerse yourself so completely, your emotions will become engaged -- and not everyone is cognizant of that. Among the many excellent features of SL, there is no auto-return on hearts, so be wary of where your's wanders...
Quote of the day: "The world is full of willing people, some willing to work, the rest willing to let them." ~ Robert Frost
In the past in my family, everyone was retired by the time they were 62, and they lived rather comfortably on the pensions [supplemented by Social Security] that was paid by their previous employers. My parents were the last ones in my family to have that luxury of “golden years”.
There has been a lot of talk about how the baby boomers have failed to save enough for their retirement and are going to be dependent on Social Security, with the implication that somehow those of us who cannot afford to retire are or have been fiscally irresponsible. There hasn’t been as many conversations or studies that I have seen on the number of us who got caught in the changing social contract between employer and employee and the switch-over from pensions to IRAs and 401Ks. That transition to the 401K was neither smooth nor consistent, and unlike the generation behind us, we do not have an additional 15 years of employment to build up saving reserves.
15 years. If one can keep a job that long. If one can stay healthy enough to work that long. Not because you want to get up and get out every single morning, but because it has to be done. Hoping that Social Security will be there and be enough to help when you finally need it.
No wonder so many baby boomers are playing the lottery and answering sweepstakes ads!
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