Apr 12 2015

The new American retirement plan equates to working forever: Nonexistent nest eggs and most Americans are bad at planning as to how long they will live.

The idea of retirement is a modern one especially when it comes to saving and having a nest egg.  In the past, retirement was only a luxury afforded to a small number of wealthy families.  The rest of the population was destined to work until they died.  That may seem harsh but that is historical […]

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 […]

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 […]

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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