Financial information is the key to change.

Unfortunately, for most of us, basic financial information is not taught in schools. We live in a country that continues to pass out diplomas to people who lack healthy financial skills, creating a society not prepared to handle the financial ups and downs of everyday living. The road to financial freedom is paved with information; join me on my journey.

Lucille Tyler Baldwin

Author of "Sick and Tired of Being Broke"

Tuesday, February 11, 2014

Retirement is for Old People.


     We will die young or eventually reach the age of retirement.  Young people believe that retirement is something that only happens to old people.  Guess what?  At the end of each day you are one day closer to "old age" and one day closer to reaching the age where people start to retire.

     No worries old age is for "old people."  No need to think about growing older or how you will eat, live or pay your way - those concerns are for "old people."   NO WORRIES - The money will come from somewhere!

The Reality

       According to the Social Security Administration, if you randomly take 100 people at the start of their working careers and follow them for 40 years, at retirement age:

1 will be wealthy,

  4 people will be financially secure,

 5 people will continue working out of need,

36 will be dead, and

 54 will be dead broke depending on their Social Security checks, family, and even charity.


         Because of a lack of knowledge and naïve assumptions, Social Security has unfortunately become the main source of income for almost 50% of retirees.  In reality, a monthly social security check will only replace about 40% of a worker’s earnings, and alone may not even provide a standard of living above the poverty line.  Nevertheless, according to the US Department of Health & Human Services, 96% of all Americans will retire financially dependent on the government, family or charity.  

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