Many of us are depending with trepidation on Social Security for our retirement years. It’s not that we want to depend on Social Security; it’s that we don’t have any other option. We don’t have retirement from the companies we’ve worked for; we don’t have fully-funded retirement accounts; and we don’t have the money we need sitting in bank accounts or investments.
The problem is, Social Security was never intended to be the only source of retirement income for senior citizens. The plan was based on providing 40% of a retired person’s income, not 100%.
Yet it is often a much higher percentage of a retiree’s total income, simply because they don’t have other sources.
With this in mind, it just makes sense to get the most out of your Social Security benefits. That means getting the biggest payments possible, so that you have enough to live on.
Let’s face it, prepping can get expensive. I don’t care who you are, unless you have a rather sizeable income, trying to be prepared to survive a disaster is going to take e sizeable chunk out of your budget; that is, unless you are extremely careful with your money and know how to make the most of it.
Most of us who call ourselves preppers aren’t wealthy. Oh, there are wealthy preppers; but for the most part, they’re the ones who are buying their survival retreats in New Zeeland or buying a private island.
While they may read some of the same materials you and I read, their idea of prepping is a whole lot different, simply because they can afford to do things that you and I can’t afford to do.
As the rhetoric between Washington and Pyongyang has heated up, so has the risk to the United States. Recent missile and nuclear tests by the North Korean regime have made it clear that they are closer to their long-stated goal of attacking the United States than ever.
After their sixth nuclear test, in which they exploded what was supposed to be a two-stage hydrogen bomb, the North Korean news agency started talking about an EMP (electromagnetic pulse) attack against the United States for the first time.
What’s next for us? A totally off-grid world, where the survival of the fittest would become effective?
Of all the challenges facing us for retirement, financial challenges are very likely the greatest. Times have changed since our parents’ generation, and so most of us Baby Boomers don’t have the retirement packages that our parents had.
Oh, the companies we worked for might have talked a good talk, but when it comes down to it, what we thought we might get and what we will really get may not be anywhere close to the same thing.
So how are we going to make it though our retirement years?