For those people who are 50 years old and driving a truck for a living and have no retirement plan they are probably pretty worried about what their future will be like. Saving for retirement is not easy but there are programs; “self-retirement plans. "
Investing money is a smart thing to do, yet one problem is no financial companies want the business unless one has 500k or more I suppose. This is caused by over regulation and paperwork, too many lawsuits and lawyers.
Many of the Corporations promised pensions to their employees, but god help your rear end if you work in the Auto Industry, Aviation Industry, Trucking Industry, Mining Industry, Ship Building Industry, Textile, Paper, Timber, Steel Industry, should I go on? Those retirement plans will not be there most of them, some not even worth the paper they are written on.
I always say; “just because someone is cynical does not mean they are not right"
In fact, it is easy to be cynical if you're a truck driver and 50 years old with no retirement. The independent truck driver in the United States of America is a dying breed and much of the reason is because of overregulation from government. It is amazing how often government regulation hurts small businesses and yet they tell us they are doing this for our own good?
I would submit to you that they should tell the fifty year old truck driver that they are destroying his life, his retirement and his business for his own good, things might change. Sometimes I wonder if the politicians and podium pushers, bureaucrats and blob of bureaucracy even hear themselves talking. Amazing isn't it. (This entire article is my personal opinion and I have the right to free speech and freedom of the press and you can go to hell if you don't like it!)
L. Winslow is an Economic Advisor to the Online Think Tank, a Futurist and retired entreprenuer. Currently he is planning a bicycle ride across the US to raise money for charity and is sponsored by http://www.Calling-Plans.com and all the proceeds will go to various charities who sign up.