Apr 23 2017

The epic retirement crisis for older Americans: The median family of retirement age has $12,000 in savings.

Given the discussion of 401ks and IRAs you would think that most Americans have a nice nest egg ready to support them into their margarita drinking days on the beach.  Yet like most dreams, the reality is very different.  Most Americans are broke.  The Economist put out some data highlighting that the median family of […]

Dec 26 2015

The death of the American pension: Shifting the retirement burden from employers to workers has created an enormous financial crisis.

The American pension offered once by many companies was a benefit once afforded to most workers.  That is, until the press started chanting the Wall Street party line and all of a sudden 401ks and mutual funds were all the rage.  Who wants a tiny pension when you can become a millionaire by simply saving […]

May 28 2012

Saying goodbye to the middle class concept of retirement – many workers plan to work up until they are 80 well beyond the typical life expectancy of Americans. How long will $25,000 last in retirement?

The romantic concept of being able to retire on a sunny beach with endless drinks is a modern notion largely pushed by mainstream advertising.  It is hard for many middle class Americans to imagine a world where retirement is a luxury for the very few.  However that is the path we are now following.  The […]

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