ABC posted an interesting article about Social Security today. I've never thought about Social Security as a type of insurance before this article. Our government could sure take a lesson or two about managing risk. When Social Secuirty was founded, the payout was at age 65 at a time when we lived to the average age of 64. Now our average age is much older, and there simply have not been enough adjustments to the payout schedule to make this "insurance policy" work. No wonder I'm paying into an "insurance policy" that likely won't be around when I retire.
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August 30, 2007
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Hi, Lisa, what a nice, helpful blog you have here :) Your advice for where/how to live as we age is quite useful, no matter one's present location. It's interesting to see aging from your perspective. Thanks!
Posted by: Claudia Snowden | August 31, 2007 at 02:29 PM
That is a great article, thanks for passing along the link.
Posted by: Louisville Real Estate | September 09, 2007 at 09:06 PM
Just stumbled upon your blog...very informative! We're in the Denver area and like you use our blog to pass along interesting information to our home care web visitors. We find people using all kinds of ways to finance their growing needs as a senior. Unfortunately, as time passes we'll need to get even more creative because we won't have sources like Social Security. Thanks again for the great article!
Posted by: BartonHomeCare | December 11, 2007 at 09:52 AM
Thank you for stopping by! I have family in Denver, beautiful city! Ahhh financing. Baby boomers will have to be creative to find ways to finance their needs!
Posted by: Lisa Dunn | December 11, 2007 at 02:53 PM