Are you 50 years of age or older? Are you, or have you ever been employed by a company, that indicated that if you stayed with them that you could retire with full benfits to include medical insurance?

How close are you to being one paycheck away from hard times?

Is it possible that you can even Google your situation to come with an answer to your money problems?

Are you like more that a million layed off workers and retiress who are a casualty of corporate restructing and Chapter 11 Bankruptcy.

Will you be working long into your Golden Years?



FRONTLINE Correspondent Hedrick Smith explored the changing world of retirement and discovered that corporations in America are dumping their old-fashioned pensions (retirement systems). It was said that a lot of people tht are 50 years of age, and above, are really going to have a very nasty surprise in about the next 10 years. If you think about it, the Word Retirement, will just be a work not an action. How many of you have seen somebody retirement age working at McDonald's or BurgerKing? Now, do you think their retirement goals are to supersize fires. They are there because they have to not because they want to be there. It was also said "I think this is a crisis in the making. I think 10 to 15 years from now, people who approach their early 60s are simply not going to have enough money to retire.


As boomers approach retirement, many are choosing to continue working. For men, it's often because they want to - but for an increasing number of women in this country, it's a "have to." They simply don't have the means to retire. And because women tend to live longer and earn less, it's a critical issue. Mrs Doreen Stiles is spending her golden years in Colorado Springs but is still searching for the gold. "it's not the retirement I pictured," Stiles says.

In stead of enjoying time outdoors, she's inside working in a clothing store 50 hours a week. Stiles can't afford to retire: Her savings aren't enough, she's divorced and the years she took off to raise children reduced her Social Security. "Most of my friends plan on working until we're at least 70, because it's just not there," Stiles says. It's a realization keeping millions of women on the job longer.

Since 1980, the number of working women over 65 has increased almost 40 percent while men's participation hasn't changed.

Professer Tereas Ghilarducci of Notre Dame Univeristy said "Baby Boomers will be facing a very differendt kind of retirement life than their parents. The research shows that they might be able to keep the same amount of income, you know, relative to what they earned, so the middle class Baby Boomer may also maintain their middle class lifestyle into retirement. But there's one big difference. The only way that they do it is if they work. The only increasing source of income to retirees is from work.


Are you on the Road Going to Not Where??

There just may be some help out here for you!!!


When it Comes to Today's Retirement you're on Your Own a Quota from Fortune Magazine. "old-style retirement won't work anymore". 20 years ago, 80% of workers at medium and large US companies were covered by defined-benefit pension plans that promised retirees a monthly check. By 1997, the share had dropped to 50%. The latest information is that just 21% of workers at all private companies are covered by defined-benefit plans. Mom and Dad gt help; you're pretty much on your own. You can't count on corporate pension or even Social security to be there.


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