ARBOR WEALTH: Poor laws, Tom Paine, and Airstreams

Published: Thursday, February 6, 2014 at 16:29 PM.

With inflation and increasing health care costs, one wonders if the U.S. and other countries will be able to meet their financial obligations to their retired citizens. Here at home, the power of unions rose and peaked, then finally waned, in part due to unrealistic contracts negotiated between labor and management that failed to account for skyrocketing health care costs for retired workers. As bemused and frustrated as we all are with the inefficiency and confusion surrounding our current national health care initiative, our ability to rein in those costs may help determine our ability to meet our Social Security obligations down the road.

What’s the message here? Take your retirement future into your own hands.  Start the New Year by increasing your retirement plan contribution, whether it be through a 401(k), a 457, 403(b) or a plain old IRA. 

Margaret R. McDowell, ChFC, AIF, a syndicated economic columnist, chartered financial consultant and accredited investment fiduciary, is the founder of Arbor Wealth Management, LLC, (850-608-6121 —www.arborwealth.net), a fee-only registered investment advisory firm located near Sandestin.

 

 

 

 



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