17 September, 2009

The 45 Year Plan Without Jobs At Home

Did you know, the government statistics say that 97% of people retire with less than $1′900 a month and from what I have seen pills are not getting cheaper. They were saying that most people will retire with 1/2 to 1/3 of their salary. So much for the golden age. The worst part is that: the retirement plans for the people are only for 10 to 15 years. That means if people retire at 65 years old, they will only receive a salary up to 75 to 80 years old. The problem with that is most people live up to 90 to 95 years old.

If you do think about it, most people work in a career up to 65 years old will live up to 90-95 years. That means they will work for 40 years and will expect to live 30 years on retirement money. Now, there are companies that will pay you for all that time. It can cost too much. If you don’t have a plan, you will run out of money that is if you’re not already out of money.

I looked at the government statistics and saw what are the financial situation during the retirement which is is:

1% of the people will retire very wealthy.
4% of the people will retire financially independent.
3% of the population will go back to work just to get out of the house.
27% of the population will be dead.
65% of the people will be flat broke.

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