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Showing posts from July 15, 2014

The American Dream has retired

by The Urban Blabbermouth
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 The American dream, a house, 2.5 kids, and a dog, has retired but can you retire too?  Too many of us cannot afford to retire anymore.

Corporations, that is, your employers, have terminated the traditional corporate pension plans and moved their employees into 401Ks.  The corporations did this because they wanted to increase their profits and they saw that ending their pension plans as a way to accomplish this.  The corporations did this knowing that there would not be enough money in those 401Ks for their employees to afford retirement.  They did not care since the CEOs who made this decision would be long gone before the problem became large enough to be noticed by their employees.  So, you now have a 401k and you cannot afford to retire.  Ironically, those CEOs are now comfortably retired on their corporate pensions.

We are now faced with having 401Ks that do not have enough money for us to retire.  What…