7 Reasons You May Never Retire

If you ran out of money at age 80 what would you do? Sobering but true, below are only 7 reasons you may never retire. These items should alarm you but it won’t. That’s because unless you study this stuff, and I do, you won’t see the problem or what it means to you.

I’m not a doomsday sayer. I’m just a guy watching this story unfold, and watch it get bigger. I do like the image of politicians, “kicking the can down the road.” But, really, aren’t we all kicking it down the road?

So, listen up, here’s the list of 7.

1) 10,000 Americans reach age 65 every day.
2) Companies offering Pensions has dropped from 112,000 to 23,000
3) 45% of workers cannot access employer-sponsored 401k or pensions.
4) Medicare and Social Security will run out of money by 2028 and 2034.
5) $300 Trillion dollars are owed for unfunded public pensions
6) Americans don’t save, in fact, Americans have a negative savings rate.
7) Politicians have too many competing interests, so they kick the can.

The earlier one starts to save, the easier it is to accumulate sufficient wealth at retirement. The corollary to this is that the longer a country (or an individual) waits to address these issues, the fewer options there will be for solutions, and the options that remain will become more and more difficult to successfully implement (source noted below).

The authors of the article I quote grade our current 401k system as a letter grade of “D+.” I’m not sure what the plus sign means, but I can tell you many individuals are not prepared to retire because so few have pensions (that’s what your Grandpa or Grandma had), and those with a 401k have put too little in it.

Work for a City or other governmental unit?

There is a combined $300 Trillion in unfunded liabilities for employees of these places of work. And, these employees are going to look for their retirement check and receive something like what Detroit retirees received, which was pennies on the dollar.

Your parents and grandparents retired with a pension. They received a check each month for as long as they lived, that, plus social security, made a very comfortable retirement for many people. With the list of 7, you can hopefully see you’re unlikely to retire the way you might be thinking.

You can save now, try closing your Amazon account. Or, find any other way to save. Whether you’re by yourself or at a company or government, the time to do something is now. Make saving and asking questions to protect retirement important to you. After all, I have a friend who says;

“What gets attention, gets done.”

I love these conversations, either to help you as an individual, or your employer. I am happy to help or steer you to better resources.

Building a Strong Retirement Program: One for the AGES, Benefits Quarterly, International Society of Certified Employee Benefit Specialists, Brookfield, Wisconsin; www.iscebs.org.

What’s Old Is New

Research Confirms We Are Soulless

I find it satisfying that the “conclusion” in the research paper (“Self-Transcendent Emotions and Their Social Functions: Compassion, Gratitude, and Awe Bind Us to Others Through Prosociality”) points to what religion has taught for thousands of years. When will the world wake up, when will science catch up to religion?

For the last 150 years or so, we have defined ourselves as somehow “enlightened” but how can we be enlightened and write deep research articles like this one and leave out the soul?

The article, “Self-Transcendent Emotions and Their Social Functions: Compassion, Gratitude, and Awe Bind Us to Others Through Prosociality” has about one hundred citations for research on humanity. But, it is all about emotion. Never mentioning the soul.

The soul is our connection to humanity, to God, to Godly behavior. Our souls guide us to selfless service toward others. Our soul is superior to intellect (mind) or emotion (heart). Continue reading “What’s Old Is New”

Your Work Is Meaningful

Economics of Work and Salvation.

Work makes us work together. It’s in this that we can show our humanity to each other, or not. Have you been at work and seen behavior that steals another person’s dignity? Think of it this way, have you seen a coworker bullied, put-upon, made to work to excess? Or, is your workplace a place where humanity thrives and the business does as well?

What makes one place of business one way, or another?

Economics of people working together, HR, employee benefits, and faith are what I write about, someone passed along this informal classroom pole. 40% of Students admitted they have witnessed broken workplaces.

Workplaces are human places first. People do stuff, solve problems and make things together. It’s all done to promote family and community, that’s what work does.

Work is Part of God’s Original Design

Matthew Kelly’s lenten video where he says,

Work is part of God’s original design.

We Must Bring Meaning to Our Work

Matthew Kelly’s lenten video on bringing meaning to your work.

For 98% of us our work is not intrinsically meaningful. Like the work of a Cancer doctor whose work is by its nature intrinsically meaningful, most of us must bring meaning to our work.

How do you bring meaning in every moment of your workday?

Katherine Drexel, A Saints’ Work

Giving up the worlds hold on us makes it possible to see a reality seldom recognized in the daily grind. Trading the world’s promise of fame, fortune, power, honor, privilege for God’s promises means recognizing the workplace as a human place.

It means, doing things like Katherine Drexel did, it is to move your heart from doing for yourself, do doing for others. Katherine Drexel gave up Millions and look what her choice created, a link to her story of starting Xavier University and so many other good works.

What is your place of work like? What do you bring to your workplace? Comment or share your own view.

Healthcare, Trumpcare Won’t Lower Your Premium

Experts have had 40+ years to solve it

It seems to me, the Americans suspended their worry about Healthcare premium hoping Trump and his experts will fix it. They won’t. The experts, right or left, can’t solve Healthcare because they refuse to examine their own practices. Experts always point to others to change instead of themselves. Sound harsh? Maybe it is, Continue reading “Healthcare, Trumpcare Won’t Lower Your Premium”

Three Stories of Jesus’ Birth

Merry Christmas! Jesus’ birth more than 2,000 years ago is both divine and historical.  So many faith traditions point to this, a special day. Let his grace and peace reign in your heart, at home, at work, and in public.  Go spread the joy.

MATTHEW 1:18

The Birth of Jesus. *18 Now this is how the birth of Jesus Christ came about. When his mother Mary was betrothed to Joseph, * but before they lived together, she was found with child through the holy Spirit. 19 Joseph her husband, since he was a righteous man, * yet unwilling to expose her to shame, decided to divorce her quietly. Continue reading “Three Stories of Jesus’ Birth”