Hard to believe that the first wave of 78 MILLION baby boomers -- those post World War II babies like me who worn born between 1946-64 -- can qualify for Social Security benefits in 2008, and Medicare three years later.
With the retirement of so many boomers looming, you may be forced to rethink how these government-sponsored programs can co-exist considering, according to USA Today, taxpayers have a hidden debt of at least $53 TRILLION in government obligations, mostly from Medicare, Social Security and the federal debt.
This debt equals $473,456 PER HOUSEHOLD versus about $85,000 in personal debt per household owed for mortgages, car loans and other debts. The way the math works, taxation would have to DOUBLE or benefits would need to be HALVED IMMEDIATELY just so the government could provide health care and pension benefits for retirees in coming decades.
As you've probably seen, both major political parties and the presidential candidates are waffling to avoid angering voters. So, if Social Security, Medicare or both will one day be tapped out, as many expect it could be, what are you doing now to protect you and your family?
My best prescription for beating these frightening numbers is to get healthy as soon as you can. The best way to get started on the road to optimal health -- avoiding premature aging and improving your health -- is by learning more about your personal nutritional type. By taking our free online test, you can determine your unique biochemistry that requires both specific portions and types of healthy carbohydrates, fats and proteins that differ from others.
USA Today October 6, 2004