Will people have a safety net as they near retirement age

Will there be any kind of retirement fund when people reach the age where they can retire? Or will they be doomed to work until they drop dead. That is no doubt the question upon the minds of many. Retirement benefits are not what they used to be, with many of them going up in smoke, as various companies around the world do. The 401K is not the surefire hit as it once was and who knows what the future will be.

Will you have anything to fall back on when you retire?

One of the more horrific realizations is that retirement is not a certainty anymore. At the age of 65 (or slightly younger for the luckier ones), people felt that they could retire and live off of a pension for their golden years. There were no worries, if they were smart with their money, they would have a comfortable lifestyle.

In this day and age, it is not looking like the golden age is not so golden. In the United States especially, the economy is descending further and further into a deep pit. Where there seems to be no bottom where we can hit. In previous times, where we thought was bottom is not going to pass. And that does not spell good times for people who wish to retire.

Those who retire within the next five to ten years might feel the heat. The heat is already being felt by those who are retiring. The golden retirement plan is not what people had previously assumed. If we don’t have some kind of turn around, things are going to be bad.

The economy is on shaky grounds and the cracks in retirement are going through. Hopefully things will improve. In the past many have worked, at least part time to alleviate the boredom but many are hanging on due to the cost of living outstripping what benefits there are going to be.

Benefits hold strong in some ways but there are signs of strain. No doubt many near seniors and even those who are ten or fifteen years away from retirement are nervously wondering what their future might hold. Will there be any kind of retirement benefits or will they have to work until their bodies can no longer work.

Many do fear that the worst is yet to come. There is no magic fix and this economic slump is not a huge crash but rather a slow bleeding. For those who might be on the cusp of retirement in better times, it might not really be all that much around the corner. Even those who did save their money, they are going to feel the heat.