Planning Your Retirement

So with the creation of Steem comes the question of how do you manage your account to best suit your short term and long term needs. As you begin to analyze the system you can begin to see the benefits that make it so appealing as an idea for retirement.

Blockchain Stability

With the blockchain comes security in an incorruptible ledger to store each account value. As long as you hold your keys in privacy and have a good account validator that you can trust you should be safer than a bank.

Something For Now and Something For Later

Steem Dollars - Your Flexible Short Term Asset

Steem dollars are great because if you need money right away you can use it or if you want to invest into steem power to earn more interest you can. This is what makes it flexible. Of course the 10% interest is very nice as well.

Steem Power Your Every Growing IRA / Annuity

I see steem power like an IRA that gets guaranteed great interest and can be converted into a two year annuity at any time. Once you build up your steem power to the point it will give you a large sum of money for retirement than you can convert it to steem dollars.

Steem Dollars Interest To The Rescue

The newly proposed savings account will protect your money and allow you to cash out enough for a week at a time while still giving you the 10% interest for you to live on.

Conclusion

I believe this will be a game changer in the global economy over time. As more and more people decide to jump into the steem ecosystem prosperity will expand with it. I would have to make the argument against a devastating effect since the vast majority of people on the planet have no retirement savings at all and many people work for companies that will not be there in the future so the overall unemployment burden on the economy will be lessened.  In other words not everyone will quit there job and work for steem leaving the world with no one to work on everything else, or will they? LOL :)