Counting on Social Security Benefits Being There When You Retire is Like Counting Your Chickens Before They Hatch, Warns Kingdom Financial Principles
The phrase “if you want anything done do it yourself” has never been more relevant than with the looming crisis facing retirees hoping to survive on Social Security benefits. More to the point, the pool of income funding Social Security will not be enough to supply the benefits needed by the large baby boom generation. While the government will do what it can to ease the coming storm, it is the upcoming retirees themselves who must take matters into their own hands.
(PRWEB) September 2, 2004 -- A recent news release quotes Federal Reserve
Chairman Alan Greenspan as saying America will face "abrupt and painful” choices
unless immediate actions are undertaken to trim benefits under Social Security
and Medicare for the baby boom generation. That the government has promised more
than it can deliver is the point Greenspan delivers as Martin Crutsinger, an AP
Economics Writer, sums up Greenspan’s warning to America: “Government resources
even under the most optimistic economic assumptions on growth and productivity
will be inadequate to provide baby boomers with the level of benefits their
parents got.”
Greenspan emphasizes that we must not promise to our
retirees more than we can deliver saying we need to allow “pending retirees …
time to adjust through other channels."
Gene Jolley, President of
Kingdom Financial Principles (KFP) and creator of the Rapid Debt Reducer
software, agrees with Greenspan, “What younger people need to know is that there
will be less for them. They need to be saving for their own future.” But Jolley
knows that the sea of debt drowning the landscape of America is hindering any
possibility of individuals and families saving toward a prosperous future. The
only way to secure your future is to take matters into your own hands and that
begins with getting rid of debt according to Jolley.
“Just look around”
admonishes Jolley, “96% retire with little more then social security. Is that
the life that you want?” Jolley’s message is clear as one man at an Amway
seminar some years back referred to living on the welfare system as a “fool’s
paradise.” By the same token the same can be said about trying to survive on
Social Security benefits alone to supply all your needs. "Is that the life that
you want” echoes Jolley.
Jolley’s not affiliated with Amway but has been
busy conducting his own seminars to help people achieve “True Financial
Freedom.” Living prosperously in the retirement years is a matter of making the
right choices as those who attend Jolley’s seminars find out. Education is vital
to securing a financially prosperous retirement and as Jolley emphatically
states “They should not be putting their faith and trust into the Government to
supply a retirement.” More than enough money to supply a comfortable retirement
is being given away to creditors through high interest. Many feel the trap of
credit card debt and see no way out but Jolley is quick to show how debt
including the mortgage can be wiped out in as little as 5 to 7 years by using
his Rapid Debt Reducer software.
“Counting on Social Security Benefits
being there when you retire is like counting your chickens before they hatch.
It’s time to put your eggs in more than one basket.”
Contact:
Gene
Jolley
Kingdom Financial Principles
877-584-0536
http://www.solongbills.com
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Source : http://www.prweb.com/releases/2004/9/prweb154396.htm