The Few: Government jobs are hard to get. There’s a waiting list a mile long. But when you finally land that job, you have to be careful. Did you know being in debt to the IRS can actually make you lose your job? Then you’ll be broke and still be in debt. If you work for the government, watch out. This scenario could easily happen to you.
If you are planning to retire early , you must first comprehend the amount of expendible money you are going to need. Take for example, you retire at age 50, with todays life expectancy approaching age 85,you could very well have another 35 years or more. And consider the fact that most most workers in their 20s are not likely to have Social Security or pension plans to depend on. To understand how much money you’ll need after you exchange your board meetings for a surf board, take your current income and multiply it by 35 (assuming you’ll live to age 85). For example, if you are living off $100,000 now, you’ll need $3,500,000 when you retire early to maintain your current standard of living.
Unfortunately, as you age, your body does too, which increases your chances of incurring health care expenses. If you’re not working, it’s up to you to pay for health related expenses. A couple looking to retire early may need to spend a signifigant amount of their savings on health care costs alone. Even conservative estimates can reach several hundreds of thousands of dollars depending on the seriousness of your health issues. “It’s essential to understand all of the potential challenges that could occur over a 40 or 50 year retirement.
He spoke for about 30 minutes about his jobs bill. Fortunately he didn’t interfere with the first football game of the 2011 season. I guess he isn’t that dumb.
Federal Reserve Chairman announced earlier this month that the 61 billion dollar House bill will cause the loss of several hundred thousand jobs. The jobs involved would be mostly latest government exam in 2019. Recent national unemployment figures were a bright spot on the fiscal landscape.
Meanwhile the doomsday clock is ticking as the states, their unions, and all the police, fire fighters, and teachers therein move towards MAD, mutually assured destruction, city and town edition.
The U.S. is bogged down in three wars in the Middle East, and is looking at adding a fourth to its plate, since the “Hitler” in Iran must be stopped! Plus, since the economy is in shambles, Obama is bragging that his new military spending will create 20,000 new (government) jobs.