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Old 01-22-2011, 09:44   #15
Retiredfire
Asset
 
Join Date: Aug 2010
Location: South Florida
Posts: 24
preparing

In terms of preparing the answer is somewhat. I have an IRA but not eligible for Social Security. We were not eligible as public safety municipal employee and contributed to an annuity at the same % of pay (matched by town). I am currently a full time student(so I can work well into my golden years) and am in the process of becoming debt free.
On the subject i think society would have even greater problems if the pension obligations are disposed of while the corporate welfare and bailouts continue.
These problems (financial) will soon affect the general population with the upcoming insolvency of Social Security and Medicare.
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