Link: http://www.marketwatch.com/story/get-ready-for-social-security-medicare-meltdowns-2011-05-19
From MarketWatch (May 19, 2011) “Get Ready for Social Security, Medicare Meltdowns”
The 401(k) version of the Roth is bigger and stronger in many ways than it’s little brother.
In this article, MarketWatch’s Robert Powell takes on the problems and the hype surrounding Social Security and Medicare, as well as what they mean to you. The article first moves to cut through the media-created frenzy and outline some of the reasons why the situation isn’t so bad and that it’s important not to panic (you may also want to read a related article on retirement fears, also from MarketWatch: http://www.marketwatch.com/story/dont-let-fear-ruin-your-retirement-2011-05-23.) A few of the tips: continue working at least until your full retirement age, or to age 70 if possible, keep your skills up to date, and be sure to have disability insurance in case you need it.
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