My new posting schedule calls for today to be a “What Not to Do” post but I’m forgoing that for this special post. But don’t you worry, our next lesson in what not to do will be here next week.
I worry a lot about my credit score, my savings account, my amount of debt and living within my means. Over the years I have worried about the same things at varying degrees. The one thing that I never worried about was my retirement.
I never worried because it wasn’t something ever discussed with me. My parents never discussed this with me because they never spoke about it themselves. My parents always hoped on social security. My mother still hopes that it will be enough to help her get through when she retires.
I do not hold that same hope. I know that when my retirement comes social security will not be there for me. I’m paying into it but it won’t be there for me to withdraw from.
I can’t help but wonder how many people are still thinking it will be there to help them when they retire. People who are like me, mid-30s, working hard to get by each day but not thinking about what happens when 65 hits.
This is where FiPath comes in. FiPath helps you prepare for your future. By offering tips, tools, a community and assistance with finding a financial adviser.
Today starts a new campaign from FiPath to Save Generation X. Social security is going to disappear very soon and a large percentage of our generation are not prepared for retirement. Changes need to be made within the government but also with ourselves.
You can ignore the aging process by dying your hair or getting plastic surgery. You can lie about your age and date younger. You can not avoid planning for the future. You need to do this, FiPath is going to help you.
A petition has been created to send to the Federal Government and the Social Security Administration, requesting that they make a commitment to fixing social security and our retirement as well. Sign the Save Generation X – Fix Social Security Benefits today.
Be sure to keep an eye out on the FiPath Blog. I will be a regular contributor to their site starting the first week of February.
I also blog at A Five Star Life. I write about anything that comes to mind but try to focus on finding the good in daily life.
on January 23, 2012 at 12:24 pm
I think preparing for retirement definitely has to be emphasized, especially to young people — imagine kids started saving a small amount with their first job, it would add up so fast!
I started saving for retirement last year (when I was 25) but I also feel like the retirement age might go up a bit. People are still very healthy and capable at 65 now, maybe in 40 years the retirement age will be 70
Bridget recently posted..Tackling My TFSA
I have no retirement savings. I don’t expect anything from Social security but I know that I’m in trouble if I don’t get a move on. I do think that there needs to be some serious changes within the Federal Government and the SSA. We as a generation need to start fighting and getting our voices heard. They are ignoring this issue.
Jessica The DebtPrincess(Quote)
on January 23, 2012 at 4:11 pm
I do believe social security will be around for me, though I think the benefits will be dramatically decreased. I’m not counting on it for my retirement per se…I’m considering it “extra money for my health care” and I plan to save for my own health care as well.
Kacie recently posted..An update on our Magic Jack Plus home phone
I’m not as hopeful. I think it will be gone however, personally I’m not out all that much. As a teacher, we paid into State teachers retirement and not social security so I do not have that much invested. I’d be worried if I were most people, I really would.
Jessica The DebtPrincess(Quote)
on January 25, 2012 at 1:29 pm
i think about this a lot.. the president and congress claim that they will protect our social security and medicare when we hit retirement.. but the math just doesn’t add up.
social security just won’t be solvent in 30 years, and we have no guarantees that the economy will continue to grow to make up for it.. in fact, with america manufacturing virtually nothing (americans are too proud to work those jobs), signs are not good for the future economy.
i try to protect myself with a 401k at work, but that leaves me tied to the stock market which is no guarantee either.
i worry alot.