We’re Not Prepared for the Number of Baby Boomers Retiring

Baby Boomers retiring is a daily event. It’s Monday at 6am and I’m thinking about baby boomers retiring and watching Opening Bell with Maria Bartiromo (on FBNHD)when Rep. Paul Ryan is interviewed on 9-30-14.

Since he is a possible presidential candidate, I understand it’s important that he show his leadership and vision for the country. When the conversation got to social security, that’s when he uttered the above quote. By “we” he means the federal government. His main complaint is that, “We’ll have a debt crisis to pay for entitlements.”

As retired folks, we don’t want anyone changing our entitlements that we depend on. He mentioned that he also wants to reform welfare and education. So, he seems to position himself as a social reformer. His intent to change the major entitlement programs indicates that he sees something terrible wrong with all of them. He never mentioned any details on how to fix it. However, the only entitlement program considered problematic is most likely Medicare.

This hurt(problem) and rescues technique(I have the solution) is often used in sales and I guess Rep. Ryan is trying to sell himself. We all know how difficult it is to start a new federal entitlement program by the way the Affordable Care Act turned out. As retired folks, we are open to improvements in programs. However, sweeping economic changes that alter our retirement income and health insurance are more than unsettling; it’s downright frightening. I’m not sure he knows this or if he cares.                    L.J.

More at:     www.creativeretirementforwomen.com

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