Financial literacy is an issue that should command our attention because many Americans are not adequately organizing finances for their education, healthcare and retirement. ↗
Increased awareness and education could be a great help toward improving spending and saving habits and increasing participation and contribution levels to retirement plans. ↗
Since Social Security faces a large gap between what it promises younger workers and what it can afford to pay them, private savings will likely need to play a larger role in retirement planning for younger workers. ↗
Though Congress continues to explore possible solutions to ensure social security solvency, everyone must take personal responsibility to prepare their own retirement savings accordingly. ↗
When one gets old and they are sick, there are not many things they can count on but they should be able to count on Social Security. Our seniors' retirement should never rely on the bull of political promises or the bear of the market. ↗
If you pay off your mortgage before retirement, you take a huge financial load off your shoulders. You also become eligible to take out a reverse mortgage once you turn 62. ↗
