As we celebrate the beginning of a new year and new decade, there are those who are looking at the future and seeing not so good news.

An article in The UK Financial Times offers a dose of reality when it comes to an ageing population, accumulated national debt and what to expect over the next few years.    “This unhappy position will require tough decisions from all countries over public spending and taxation…..”

One solution offered is for retirees to take lower pension payments to offset taxes on their children.  That will be an interesting conversation to say the least.