When I was a kid, sometime around the Battle of Gettysburg, I had run up a pretty good comic book collection. I was addicted to comic books and had first editions, first issues of Batman, Superman, Joe Palooka, Little Lulu, and The Katzenjammer Kids, to name a few. The dimes I got from my grandparents went a long way then.But, alas, you know exactly what happened to them, don’t you? I left for four years of college, plus a couple of years in the service (it was mandatory at that time), and by the time I came home (along with many of my neighborhood friends), those cartons in the garage? Well, where they are, I’m unsure but it could have been income in retirement.
A recent report from the Library of Congress says that for 40 percent of elderly recipients, Social Security contributes more than 90 percent of their income. And to take it a little further, 25 percent of recipients claim it is their only source of income. So, what this means is that people need to take another look at their retirement planning and perhaps get a little more serious. Or is “perhaps” too loose a word?
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