If you are financially lean and need an income, don’t expect Social Security to come to your rescue. If you do, you have a big surprise ahead of you. That Social Security nest egg, which you once counted on, has been cracked open by hungry government officials, and it too is lean.
No big deal, you say, you have earned a lifetime pension from your former employer. That will keep you afloat. Bad news! There’s no guarantee that the company will be around for you during your lifetime. That wonderful company, which sweetened your life for many years, can overnight disappear – for not keeping pace with market demands or for submitting to unfavorable government regulations.
Even that interest from your savings account and those dividends from your blue chip stock can unexpectedly dry up. What income you may still get each month, after chunks of it have been devoured by inflation, can easily become a meager monthly stipend, barely enough to cover your pet’s needs, let alone yours.
How will you ever survive in this youth-crazed, hyper-inflated age in which old and smart is a liabilit ...
