… just don’t get sick.
Treasury Secretary John Snow told a bond investor conference in NY on Friday that the outlook for Medicare — the government’s health care insurance for retirees — is scarier than the prospects for Social Security — the government retirement plan scheduled to go bust around 2037.
“The problem is that we spend too much and we promise the American public more than we can afford,” Snow said.
This is exactly the type of forecast that makes it mandatory for anyone under 40 to take charge of their finances and plan for the future — or risk severely tarnished golden years.
Come on back in the coming weeks and months, and I’ll do what I can to help out on that front.