Thursday, September 22, 2011
Obama has a Plan, but What is Yours?
In this Yahoo.com article, "Obama Debt Plan May Hit Your Retirement", it lays out the proposed plan that the Federal Govt may either raise taxes or cut benefits for Medicare. This potential action prompts questions for Baby Boomers. How will these cuts impact the current benefits? What taxes will be impacted? How does this impact your retirement planning?
Most are waiting for the election of 2012 to see how Mr. President Obama, Presidential Candidates, Congress, and others will debate this issue. Proactive people should be looking for alternatives to deal with the strong possibility of increased taxation on their hard earned retirement funds.