Social Security is not Insurance. It is Going Broke.

The Social Security System is not insurance. It is going broke earlier than expected.

Back in the 80's I wrote that the Social Security System would be broke, or shall I say bankrupt, by 2012. Now it appears that it is already paying out more money than its taking in.

If you will not be retiring within the next few years, be prepared to accept that your government has stolen your money and that you will never see any benefits. All Social Security taxes now being paid by current workers are used to pay the bureaucrats' salaries and the current beneficiaries. There is no "lock box". The money is being spent as fast as its coming in.

You must tell your Representative and Senator that you want the same retirement plan that they and the rest of the federal work force have. There must not be any inequalities in retirement plans.

Two Great Benefits from Whole Life Insurance - Retirement and Education

Two great benefits from whole life insurance are the funding of your retirement and the funding of a college education.

The retirement funding is for your retirement. While the funding for a college education is for your children. You can either partially or wholly fund your retirement from the cash value feature of your whole life insurance policy. The cash build up is tax free, guaranteed, and can be borrowed and never paid back if you choose not to do so.

This same cash value feature can be used to fund your youngster's college education. However, two key points to keep in mind, the policy must insure you, the parent, and the face amount should be as large as you can reasonably afford.

With such a policy in place, you don't have to constantly watch the fluctuations of the stock market. Rather you just have to pay the premiums monthly, quarterly, semi-annually, or annually and concern yourself with other things.

Let me have your comments.