I wanted to continue this conversation from my morning commentary. There seems to be concern over the retirement age and if it will be raised to 69-70. Some may be waiting to see what it will before putting in for retirement. Here is the thing! The market has changed dramatically and ones retirement funds may still be down. If you can make more staying home wouldn’t you just stay home? Reassess your income to debt and downsize so that you actually can save money while living the same type of life style. I am not sure about you but I am the person that decided when I retire not someone else. If you can do it on your own terms now then I suggest doing it; especially if it makes economic sense.
The government is planning to tax you more to go to work if you make over $250,000 per married couple. In the past one would look at retirement in the sense of how long does one think they will live? In the future people may live longer and may have to work longer hours or longer amount of time. Talk about lazy! Working harder makes you more income but why work harder if you’re just going to get taxed more. This is great motivational tactic Obama! Your teaching our youth to be lazier then they already are.
