America is facing a retirement crisis that is so colossal that it threatens to collapse the entire financial system. Millions upon millions of Baby Boomers are preparing to retire, but when you take a close look at the numbers it quickly becomes clear that it is mathematically impossible for us to keep the financial promises that we have made to them. The truth is that the days when tens of millions of elderly Americans could enjoy a very comfortable retirement are rapidly drawing to a close. Why? Well, because there is no money. The U.S. government is supposed to have 2.5 trillion dollars in the Social Security trust fund for all of these retiring Baby Boomers, but they “borrowed” all of that money over the past 30 years to pay other bills. Hundreds of other government and corporate pension programs across the United States are either severely underfunded or are not funded at all. Meanwhile, American workers have been contributing pitifully small amounts to their own retirement funds. Americans have been too busy drowning in debt as the pursue the American Dream to worry about putting away anything for the future. So where does all of that leave us? It leaves us with a complete and total financial nightmare on our hands. (Read More...)