The US Government and States Need to Get out of the Retirement Business
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I think that's starting to change. I know that at least in my group of friends (late 20's early 30's) we've all got retirement accounts opened up. My husbands employer even has a retirement calculator so that you can figure just how much of your check you need to set aside into your 401k in order to retire with XX amount of money.
The only person you can trust to look after your retirement is yourself. Not the government, not Wall St. and certainly not your employer. They will look after your money in their own interests first.
Start early saving for retirement, take advantage of 401Ks etc., but don't rely on them and don't let emotion get in the way. I retired 8 months ago at the age of 55. While there was not much I could do about all the money I paid into SS, I pulled all my 401K, RBAP, RWBAP, Keogh, etc. away from my employer and into my own IRAs.
As the saying goes, god helps those who help themselves (and I'm an atheist)
LOL...but it boils down to just having the mind set and sense to save and live within your means. No one can save for retirement if they are drowning in credit card debt, and waiting until they are 40 to start saving for retirement as well.
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