An article today on state teachers in Ohio retiring and then getting re-hired so that they can collect both a salary and retirement pay had this sub-headline in one of the local papers: “State Teacher Retirement System Seeks Taxpayer Bailout After Investment Losses”.
Gee, it’d sure be nice if my retirement plan—either my 401(k) or my employer-provided retirement plan—could get a taxpayer-funded bailout. After all the taxpayer-funded bailouts, who’s going to bailout the taxpayers?
Are we seriously supposed to just count on the taxpayer-funded Social Security system for our retirement? Social Security is already paying out more than it’s taking in.
We are in deep doo-doo.
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