Retire in 10 Years

Retirement has become a popular subject recently. When you understand the current situation, you’ll understand why retirement is on the minds of so many people. Let’s take a look at what’s going on in the world today. There are approximately 79 million baby boomers and starting Jan. 1, 2008 every 7.7 seconds, a boomer will turn 60. Americans have seen 30% or more evaporate from their 401(k) plans due to the stock market meltdown. Social Security Trustees have admitted that the fund will be insolvent by 2017 because it will be paying out more than it receives. It will be depleted of funds by 2041. Medicare Trustees have reported that Medicare’s Hospital Insurance Trust Fund will become insolvent by 2019.

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