Lesson 1 You Are On Your Own
Americans traditionally expected defined benefit retirement plans, had networks of family support, looked forward to a rich Social Security benefit, and saved generously.
None of that is necessarily available to tomorrow’s retirees. You must assume responsibility for your own retirement in the new era of cradle-to-grave insecurity. If you don’t, nobody else is going to do it for you.
Surviving in an Era of Cradle-to-Grave Insecurity!
The days when all you needed to do was show up reasonably often and reasonably sober over the course of your career to earn a guaranteed income for life at retirement are over! In the good old days, the entire cost and responsibility for providing that retirement was assumed ...
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