Retirement ain’t what it used to be !
Wednesday, June 10th, 2009I happened to come by a recent news article on a couple from Raleigh in the USA Today, James and Macon McDavid. The McDavid’s had spent a large sum of money to pay for their sons medical expenses whom died. Not only was the story about the passing of their son, however, evolving too a much bigger story.
Sadly, the story turned into the situation of approximately 600,000 AARP members in foreclosure. As a son of parents whom are alive (god bless) I was extremely saddened at the current pandemic. I live some 2500 miles from my parents and being a single child perhaps I feel it more than some. My parents divorced in the mid 1980’s and both are in reasonable good health, however a hip here and a knee there are needed. Not only do they face an uncertain economic future there are many like them.
Many have seen their 401k’s decimated and the coffee room banter turns them into 101k’s. I suppose we get a chuckle when were 47 or perhaps younger believing time is on our side, however this is all to real for the folks who are retired or supposed to be. With the demise of the automakers we’ll likely see a further digression for some retiree’s.
You may wonder where I’m going with all this and some will inevitably say ‘Oh well” the beat goes on. All I can say is these folks built this great nation, so government, private interest, and the public take notice this problem is growing and these folks deserve much better. ask yourself “How can I help”?