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"Chuck Norris doesn't read books; he stares them down until he gets the information he wants out of them."
- ChuckNorrisFactsdotcom

Tuesday, June 14, 2005
Wow. Surprising to see it stated so plainly in the NYT.
"With the help of groups like AARP, the elderly have learned to fight for the right to retire earlier and get bigger benefits than the previous generation - all financed by making succeeding generations pay higher taxes than they ever did themselves."
I don't understand how the generation that tells their children "You're the most important thing after me and my happiness and my new romances," can possibly expect security from those same children when we know full well how they've been, and continue to, spend their time and money.

Lemme get this straight. You spent your entire life following your own pleasure. You didn't do any saving. Now you want us to pay for you to spend the next two decades on a golf course? When you ran a marathon last week? Like hell!

I can only imagine the silences during holidays when the issue comes up. I'd advise calculating at least a third of your retirement needs and saving it up in an interest bearing savings account at the local bank. That may sound reactionary, but watch what happens to 401Ks and IRAs in the next few years, I bet the rules change for them too. Also check out this book sooner rather than later.

posted by Rachel 6/14/2005
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