Retirement Armageddon (Click here for link)
Feb. 5, 2010
I gave a 90-minute seminar in December. It covered the economics of Social Security and Medicare.
The seminar was released in January as a DVD. I persuaded the producer to let me post it on my site.
Most people have heard some of the bad news. They have not heard it without the sugar coating. The reality is grim. How grim? Watch the video.
The sad thing is this: those who are most likely to be adversely affected are trapped. Some have retired. Others plan to, on the assumption that their retirement portfolios will sustain them. Yet their portfolios are in sad shape. They will have to sell assets in order to live comfortably.
How long can they do this before their assets are depleted? Then what?