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When I look at the number of companies no longer offering traditional "defined benefit" retirement plans,the movement to "privatize" social security, and the number of companies that will not have medical coverage for retirees, I wonder if those under 40 will be able to ever retire unless they are extremely lucky. I have worked out some financial plans for people over the years, and it begins to look impossible for the typical Joe Sixpack making 50k to 60k per, with 2 kids and a mortgage to ever save or invest enough to be comfortable.
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Bob S. former owner of a 1984 silver 944
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