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FOR those of you who are government
employees and have been paying attention to the stupidity that has affected
your ability to retire you may want to consider investing in your
future.
It seems that those who hold your future in their hands could care less
about their obligation to remit to the Retirement Fund the monies deducted
from your checks. The money that should be submitted to the Fund is what
allows them to maintain their financial obligations and continue to be
fiscally solvent. In other words, you may not be able to fully retire
if the government doesnt submit your biweekly deductions to the
Retirement Fund.
For those of you considering retirement you should inquire from the Fund
if all your contributions have been received from your respective agencies.
For those of you who are new to a government job you may not be able to
retire at all if the Fund is bankrupt.
The ostriches on Capital Hill will never remove their heads from the sand
and rescind the law that all but guarantees the failure of the Retirement
Fund. Theyll never change their political and morally bankrupt position
toward government obligations and will continue to serve their own interest
blindly. It is obvious they are obligated to do so. Obligated for jobs
and appointments, etc.
For those of us who are based in reality, your future financial stability
is your priority. Dont become complacent and stick you head in the
sand. Plan for your retirement and dont depend on the government.
Diversity is the key through individual retirement accounts, mutual fund
accounts and other saving endeavors, which can be accessed through the
Internet and local banks. If you dont have Internet, you can access
it at the local library. Accounts can be started with small amounts of
money and are a step in the right direction. That direction is yours and
your kids future.
ALAN J. ELDER
Kagman III, Saipan
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