Apr 28 2015

What are the top 10 financial worries of Americans? Two of the most common themes include paying for children’s college and saving enough for retirement.

Financial worries are a big concern for many American families.  In spite of a booming stock market and a resurgent real estate market, most Americans don’t seem to be feeling financially better.  A large reason is that many Americans did not partake in the rise in the investor driven real estate boom and also, many […]

Feb 17 2015

A demographic tsunami looms: By 2020 we will have 20 percent of our population 65 and older. Half of elderly Americans would be in financial ruin if it weren’t for Social Security.

Kicking the can down the road has a nice appeal.  It is the same allure that comes from procrastinating.  Putting off the dirty work for another day.  This seems to be the approach we have taken for deficit spending.  So it is no surprise that older Americans have followed in the same footsteps and many […]

Jan 13 2015

Only 4 out of 10 Americans has enough in their savings to pay for an unexpected expense: Half of the country is living paycheck to paycheck with no retirement plans.

There is little motivation to save when your local bank is offering close to zero percent on your savings account. And most Americans simply do not invest in the stock market. When it comes to saving money it is crucial to get into the habit of putting funds away for unforeseen events and expenses. Life […]

Dec 30 2014

Standard American Retirement plan equates to flying by the seat of your pants: The majority of older Americans rely on Social Security as primary source of retirement income.

Social Security keeps half of elderly Americans out of poverty.  You need to recall that many older Americans came of age during the 401k cult worship of Wall Street.  Greed is good as portrayed in the movie Wall Street. Stories developed as a sign of caution actually drove many to aspire to become financial mavens […]

Dec 7 2014

Social Security helps keep half of elderly Americans from poverty: Social Security has become the de facto retirement plan for millions of Americans.

Social Security was never designed as a long-term retirement plan for millions of Americans.  Yet Social Security has become the default retirement plan for many elderly Americans.  In fact, if it were not for Social Security roughly 44 percent of elderly Americans would be in poverty.  This is calculated by how many Americans receive Social […]

Nov 15 2014

Winging it through retirement: 30 percent of Americans have no retirement savings.

Planning for retirement does not happen overnight.  You need to diligently plan and sock away savings like a squirrel stocking up for the season.  Many Americans have no retirement savings and more troubling, many near retirement face a compressed timeline where they will need to save or face a massive decline in living standards in […]

Aug 29 2014

A day of reckoning has arrived to retiring Americans: 63 percent of Americans that start working by the age of 25 will be dependent on Social Security, relatives, or charity by the time they hit 65.

The notion of retirement is a fairly new one outside of wealthy circles. For most of civilized history, people worked until they died. Not a glamorous way to go but that is simply the course of human history. Only until recently with the emergence of the middle class was there a general semblance that retirement […]

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