Quote:
Originally Posted by Guest
The USA Today reports that the best nations for retirees are (in order): Switzerland, Norway, Sweden, Germant, Canada, Netherlands, Iceland, Japan, USA, and UK.
The article from today's paper says:
"In Switzerland, by law, each worker's retirement fund must consist of contributions from a state-run pension plan, in addition to the pension from employers and tax-free personal savings similar to IRA accounts.
This combination of funds means that when workers retire, they receive a relatively high percentage of their former salary through the pension plan."
Interesting, isn't it that these places that provide most for retirees are the "socialist" countries?
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Yep, the grass is always greener on the other side of the fence. I traveled overseas and lived in several countries. Maybe reading something in an article glosses over several important issues on what retirement costs over there. Germany is especially interesting since I have an acquaintance that still isn't retired because he hasn't reached the minimum age requirement. Oh, and by the way, have you checked out the amount of taxes they pay out of their paycheck? Last I checked, which was admittedly a couple years ago, a German paid somewhere around 55% of his pay in taxes and an average Swede pays at least 30% more in taxes than we do.
Of course, there are a lot of needy folks in America that would just as soon allow the nanny government to take full control of their wages and supply them with they food, clothes, housing and transportation.
Americans are pretty ignorant of preparation for the future. Most like to live for today and let the gov worry about supporting them later.
Granted, if we had our money from Social Security invested properly, we would all be living high off the hog right now. If they would have allowed me to invest my own money instead of borrowing it, then I would be living much better than I am now.
But, beware of the socialist that brags about how much the government is doing for them. A lot of nothing is still nothing. I suggest that before anyone compare our country with other countries, they go live in some other countries and observe how socialism works.
The grass is always greener on the other side.