AP IMPACT: As populations age and pension costs strain governments, a retirement crisis looms

  • Article by: DAVID MCHUGH , Associated Press
  • Updated: December 28, 2013 - 11:45 PM

WASHINGTON — A global retirement crisis is bearing down on workers of all ages.

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daytonsajokeDec. 29, 13 2:10 PM

australia is doing retirement right. None of this Ponzi scheme that we have here. There you have a 401K with employer contributions but you can invest in the stock market. Like it or not, the stock market is one of if not the best way for the middle class to invest. You don't have the capital outlay needed to buy property and if you take a long term viewpoint you will always make money. That's how I did it. Now that my wife and I have SS and a 401K along with a reverse mortgage we will have a enough money to plan for a nice retirement. No high incomes here, just proper financial planning and not having any unsecured debt.

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