Everybody wants to learn how to make money on
Internet. What about saving money for retirement and your future? If you don't do it, who will? Alan Greenspan, Chairman of Federal Reserve Bank, recently confronted U.S. Congress about cost of future retirement benefits.You may recall 1999 Tom Hanks film, "The Green Mile". This film adaptation of Stephen King's novel provides just a couple of comparisons to current economics and Alan Greenspan. Greenspan's comments before Congress sometimes equal length of "The Green Mile" (3 hours), but his testimony won't evoke tears unless you're a baby boomer, soon to be a Social Security beneficiary.
In "The Green Mile", Hanks plays a prison guard charged with care of death row inmates. He treats each "death row" convict with care and Southern civility. In order to avoid stretching parallels to movie, I will observe only that Mr. Greenspan, born in New York City (March 6, 1926; send him a card) is civil when Congressional Committees question his opinions.
"The Green Mile" ends at hot seat for convicts. Alan Greenspan's February 25, 2004 testimony leads to an economic, political, and social hot seat: Social Security benefits. I suggest you read full text of his testimony found at: http://www.federalreserve.gov/boarddocs estimony/2004/20040225/
Now to "The Green Span" hot seat comments about Social Security:
**We sing Happy 62nd Birthday to first baby boomers in 2008 **50% of them may retire at age 62 **Everyone's gong to live longer **Social Security costs will escalate **Funds to pay may not meet demand
What does this mean to you? Well, it's motivation to make that site sell while saving toward retirement. Further, every site generating cash flow, may do so for years and years, if managed wisely. This means qualifying for retirement does not force you to retire. Cash flows can continue for your life time.
