Tag Archives: 401k

What is your retirement plan?

No, not your financial plan (Though I hope you are saving regularly via a 401k or some other mechanism.  Do not count on Social Security!).  I’m asking about your plans for your post-retirement activities.

Self-indulgence would get old very quickly.  The Bible doesn’t speak of retirement.  God numbers our days and we never know what might happen health-wise, but there is plenty we can influence with our habits. Of course I hope to spend time with family, enjoying hobbies and doing a little traveling.  But my larger goals are to continue to teach, study, serve, etc. as long as I can.  I try to keep myself in great shape so I can be energetic and stay on the giving end of the service spectrum as long as possible.  God willing, I’ll still be doing prison ministry, mission trips, teaching, and more for a few decades.

John Piper made some excellent points in What Happens When You Turn 65, including a laundry list of people who did amazing things after the age of 65.  His closing thoughts:

Dependant Till the End

And don’t forget, if you are running this marathon with Jesus, you have a great advantage. God has promised you: “Even to your old age I am he, and to gray hairs I will carry you. I have made, and I will bear; I will carry and will save” (Isaiah 46:4). Nothing to be ashamed of here. We’ve been dangling in the yoke of Jesus ever since he called us. At out peak, we were totally dependent. So it will be to the end.

So, all you Boomers just breaking into Medicare, gird up your loins, pick up your cane, head for the gym, and get fit for the last lap. Fix your eyes on the Face at the finish line. There will plenty of time for R and R in the Resurrection. For now, there is happy work to be done.

What are your plans?  I hope you are aiming at a strong finish!

Hat tip: Randy Alcorn

Privatize Social Security

Lotteries are illegal unless the government runs them, and so are pyramid schemes like Social security.

For most people, the government extracts over 15% of their pay for FICA.  Technically, half comes from the employee and half from the employer, but of course the employer could give it to the employee since it is already part of their total payroll costs.

So if Social Security were privatized you could invest a full 10% of your pay in a personal account and the government would still have over 5% of your pay for general welfare.  But that isn’t enough for them!  Most people pay more in FICA than they do in Federal Taxes (again, when including the employer portion).

If business leaders published financial statements the way the government does with respect to FICA receipts they would be put in jail.  Enron pales by comparison.

Remember, Social Security programs may be good public policy if administered properly, but they don’t qualify as individual compassion.  That is a foundational mistake of liberalism: Taking other people’s money at the barrel of a gun and considering it compassion on your part. 

And I’m not being dramatic.  What do you think happens if people don’t pay taxes?  Does the government just try to reason with them?  No, they take away your property and/or your freedom, and they will point a gun at you and take you “hostage” if they have to.  I always wonder how pacifists ignore this when they are demanding government taxation and controls. 

Real compassion is donating money out your wallet. 

Am I saying that we should let old people die in the streets?  Of course not.  But there is a much better way than continuing the lies and the pyramid scheme that is destined to fail.

Why is it that liberal politicians are pro-choice when the “choice” is to crush and dismember an innocent human being, but anti-choice when it is (allegedly) your retirement money, the school your kids attend, etc.?