American’s Retirement – Save a little – By Glenn Mollette 25 Jan 16
American’s Retirement – Save a little      
 
By Glenn Mollette
 
Most Americans rely heavily on Social Security, but it’s not enough to retire on. There are numerous stories and statistics about worrisome Americans and retirement. The average American is not saving enough for retirement. Millions who are in low wage jobs are barely able to survive. There is simply not enough income in many instances to even cover life’s necessities. You can’t save money when you are barely making it. However, there are also plenty of stories of Americans who simply will not try to save any money.
 
I am amazed at what even saving a small amount will do. Even if you can put just a few dollars aside every month the amount will grow at least some.  Here is a case in point. About 40 years ago I was a teenage preacher boy. Liberty Baptist Church outside of Paintsville, Kentucky hired me to be their pastor. I know that’s hard to believe, but true. Harold Rice was the only deacon in the church and was a very kind and wise man. The church paid me $60 a month but Mr. Rice insisted that my salary package included the church paying $6 a month into a retirement fund administered by the church’s denomination. I could not have cared less about retirement. I was seventeen. The salary arrangement probably lasted about 18 months because I moved on to attend college. This means the church might have paid into the fund about $108.00.  I actually never thought anything about it except reflectively. I was always appreciative of Mr. Rice and the church.
 
For some reason last week I researched the status of that little fund and was shocked. I learned that those handfuls of $6 contributions had grown and would pay our family about $250 or more a month at age 65. I couldn’t believe it. 
 
$250 a month could pay for a trip to the grocery store or buy a couple of tanks of gasoline. Who knows? However one thing I know is that over twenty years those small $6 contributions could pay out about $60,000 or more of retirement income.
 
We need to keep trying to save a few dollars whenever we can. Pay into a 401k or put some into an IRA. Do something. Try to put some into a bank account just to have in case you need it. Also, don’t feel too bad about all those Social Security taxes you pay.  One husband and wife I know collect over $6000 a month in Social Security pay. Plus they had extensive medical treatments performed a couple of years ago that cost Medicare over $400,000.00.  The average American could never pay that kind of medical bill.
 
Start as young as you can but even seniors can save. Put a little money aside and don’t touch it. Your money will grow. Sometimes, even when it’s only $6 a month.  
 
 
Glenn Mollette is an American Syndicated Columnist and Author. He is the author of eleven books and read in all fifty states.
This column does not necessarily reflect the view of any organization, institution or this paper or media source.  

 

 Find out more at www.keepourfreedom.com 
 
 
 
Setting A Goal for 2016
 
By Glenn Mollette
 
We hear the same message a lot this time of year. Put the past behind. Look to the future. Let bygones be bygones. Make a new commitment. Claim the new you in the New Year.
 
We determine to lose weight. We decide that we aren’t going to do some things.  Or, we decide to start doing something. Life is filled with commitments, failures and recommitments. It’s okay. We all make commitments and then fail to follow through. We diet for a day and then blow it the next. We join a gym and then never get around to working out. We aim to start a new endeavor, a new hobby or a new lifestyle. Sometimes we follow through. Sometimes we don’t.
 
It’s not the end of the world if you’ve broken a resolution. We are human beings filled with flaws and inadequacies. Actually about all of life is trying again and again and again.
 
A part of life is the fun of having a target. We all need to aim our lives in a meaningful direction. Your goal may be starting a business, a new career, retirement, writing a book, writing a song, running for public office or just living healthy. Everybody’s goals are different but it’s healthy to have one or two.
 
We all need something to live for. Having a purpose increases our zest and passion for life. Having nothing to work toward leaves us a bit limp in our energy and sometimes hopeless and depressed.
 
After you read this article determine what it is you want to do and go for it. Write your goal down and put it where you will see it often. Some days you’ll get sick of seeing your goal. Other days you will be reminded that you are either doing great or maybe you need to pick up the pace a little in effort.
 
I hope you make your goal in 2016. Good luck. 
 
Glenn Mollette is an American Syndicated Columnist and Author. He is the author of eleven books and read in all fifty states.
This column does not necessarily reflect the view of any organization, institution or this paper or media source.  

 

 Find out more at www.keepourfreedom.com