Feb 28 2013

New model of retirement, aka working forever. Americans woefully underprepared to face retirement and half of households have zero retirement plan.

Most Americans are incredibly unprepared when it comes to retirement.  The goal posts keep shifting.  Now for full retirement under Social Security people will need to retire at 67 versus 65.  What is rarely discussed is that rising Medicare premiums are being taken out of monthly payments so the amount being received is already shrinking […]

Dec 15 2012

New Retirement Model of Working into Old Age – Baby Boomers hitting retirement age with little to no savings.

The fiscal issues facing the country are troubling for a variety of reasons but one big reason is the reality that many older Americans simply do not have enough money to retire.  The idea of entering your golden years without the need of working is a relatively modern one.  In fact, it was the generation […]

Mar 27 2012

The modern day Gilded Age – in 2010 top one percent captured over half of all income gains. From early 2009 the S&P 500 is up 109 percent but home prices are at new lows falling almost 34 percent.

Most Americans derive their net worth from the equity built up in their homes.  This has been the case for many decades.  As the stock market races upwards to stratospheric highs it is hard for many average Americans to understand why it is that economically they are stuck in the same place.  New tax data […]

Mar 24 2012

Retirees face a perilous financial decade ahead – Over 30 percent of workers have less than $1,000 saved for retirement. Defined-benefit plans down to 20 percent from over 60 percent in 1983.

While financial institutions can rearrange assets and play around with accounting rules modifying reality the progression of age is hitting millions of Americans.  There is no pause button when it comes to growing old.  Recent surveys are highlighting a very challenging road ahead for retirees.  A survey released by the Employee Benefit Research Institute (EBRI) […]

Page 4 of 6« First...23456

Categories

Archives