Blog - Goldco


crying dollar bill

Watch the Declining Dollar

High stock market prices have fooled many people into thinking that the economy is doing just fine, even though that’s not really the case. Economic productivity is still only increasing slightly. And the lowering unemployment rate is more the result of people continuing to leave the workforce than it is the result of the creation of new jobs. For workers who are employed, wage growth has been largely stagnant for years. So if stock markets aren’t a good indicator [...]

girl sad over accounts

Today’s Americans May Be Worse Off in Retirement Than Their Parents

One of the greatest benefits of the post-World War II economic boom was that many workers became so well off that they could retire comfortably once they reached their golden years. The days of living paycheck to paycheck and having to work into old age until no one would keep you employed ceased to become a reality for millions of Americans. Freed from having to eke out a living into old age, Americans now readily embrace the dream of [...]

Jerome Powell

Meet the New Boss, Same as the Old Boss

President Trump recently nominated current Federal Reserve System Governor Jerome Powell to be the next Chairman of the Fed’s Board of Governors, replacing Janet Yellen when her four-year term expires. It’s a puzzling move for a President who was elected based on popular anger at the Washington establishment, and who promised to drain the swamp. As Powell’s nomination demonstrates, it’s business as usual in Washington. Powell’s resume is as establishment as they come. Born in Washington, DC, he graduated from [...]


Changes Could Be Coming to Your 401(k) Plan

The Republican tax reform bill has finally been introduced in the House of Representatives, allowing us finally to see what could be in store for us in the future. A much higher standard deduction, fewer tax brackets, and significant changes to tax credits have garnered many headlines. Less well-appreciated are the changes that could be coming to 401(k) plans if this bill makes it into law. Don’t worry, contribution limits haven’t been decreased as some people had initially feared. [...]

savings jar

Personal Savings Rate Reaches Lowest Level in a Decade

The personal savings rate in September reached its lowest level since 2007. And while it hasn’t reached its all-time low, the trend is definitely downwards. Personal savings are now at 3.1 percent of income, still slightly higher than the 2.5 percent low reached in December of 2007. Looking back at historical savings data since 1960, the savings rate had normally hovered around 10 percent. After some brief spikes during the 1970s, the savings rate commenced a long-term decline beginning in [...]

piggy bank

Reverse Retirement: Are You Prepared?

What do you think of when you think of retirement? A relaxing vacation on the beach, daiquiri in hand, watching the sun go down over the water? Or how about a brisk hike through the Alps, taking in the bright blue rivers and jagged snow-capped mountain peaks? For most people that’s the dream, but for more and more that’s no longer the reality. More Retirees Working Full-Time One-third of retirees eventually come back to work full-time. It’s known as reverse retirement, [...]

Pensions coin jar

The Push for Pensions Has Returned

Recent reports that Congress had considered significant reductions to 401(k) contributions have spurred calls from some quarters for a return to pension plans. But while much discussion of pensions paints them in a nostalgic light, the reality of pensions for most people is far less rosy. Yes, it would be nice to be able to retire and continue being paid a nice salary for the rest of our lives. But the reality of pensions is not nearly as simple [...]

Amazon warehouse

Amazon’s Second Headquarters: Another Sign of the Bubble?

Online retail giant Amazon announced a nationwide search for its second headquarters, looking to complement its existing headquarters in Seattle. The company is looking to locate its second headquarters in a metropolitan area with more than 1 million people, with close proximity to an international flight hub, good public transit, and the ability to attract a talented and educated workforce. Over 200 cities across the United States have submitted bids to the company in attempt to gain what they [...]