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alstry (< 20)

Will Anyone Retire????



October 07, 2008 – Comments (2)

WASHINGTON (MarketWatch) -- Pension assets declined by at least $1 trillion and may be down as much as $2 trillion over the past year and a half as the credit crunch tightened its grip on financial markets and the U.S. economy, the Congressional Budget Office reported Tuesday.

Remember, pensions were ALREADY underfunded by Trillions BEFORE the year started.

States Out of Money.

Cities Out of Money.

And Now Pension Funds.

Is anyone thinking ahead?????? 

Time to restructure NOW.....before its too late.

2 Comments – Post Your Own

#1) On October 07, 2008 at 4:38 PM, awallejr (52.81) wrote:

Well if my dividend thesis doesn't pan out then I'll be working until 75, health willing;p

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#2) On October 07, 2008 at 6:08 PM, lquadland10 (< 20) wrote:

Oh yea of little faith. As it comes down so will prices. The house last year that was 125k  is now 75k and soon it will be 50k and then you can pay cash or get a morgage through a credit union and afford to retire.

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