With Labor Day approaching, the President commits to rebuilding the economy so that a lifetime of hard work leads to a comfortable retirement. September 5, 2009.
He’s going to make it easier for small businesses to do what the big ones do in terms of being able to save more easily for retirement. Anything you like in this proposal, BigMarkod? 😉
Red,
“comfortable retirement” is the silliest thing I ever heard, and that’s a kind adjective. If you are letting someone else determine what a “comfortable retirement” is for you, you’re going to be comfortable in poverty.
And that is exactly what the government does when it says that. Because comfortable retirement does not mean the same thing to all people, nor should it. The only way to get a comfortable retirement is to make sure you do it yourself.
Morning Terry!
I agree! But the initial proposals SHOULD make it more easy to save for retirement, should one choose to do that.
I think this is a bit of putting the cart before the horse, however, as unemployment and underemployment are really hurting households badly right now.
I’d actually like to see the government offer say a 5% savings rate on savings accounts which could help average citizens boost their savings up. The current banking monopoly is paying out what… 1%? That’s robbery and its not helping us tax payers get ahead. I’d put my money in a government bank to help out the economy and my own household, in a heart beat 😉