Further, only 18 of the S&P 500 companies have fully-funded defined benefit plans. Even Social Security benefits can be called into question when the Trustees’ assessment of the stability of benefits is predicated upon the assumption that (catch this one and don’t laugh), there will be no recession in the United States for the next ten years!
This malignant financial cancer has spread and metastasized throughout the nation’s body: public retirement plans, private plans and Social Security. The retirement population is going to be totally blindsided by this approaching financial mega-storm.
Believing that the years immediately ahead may prove the most perilous in generations, Kyber Cabot has written the definitive book, Retire on Social Security – How to Live Large on a Small Budget, to guide people in planning, coping, and living through economically turbulent times.
If you would like more information, excerpts on this topic, or to schedule an interview with the author, please email: email@example.com or visit our website: www.retireonsocialsecurity.com