Tag - retirement

The Federal Reserve, the Price of Gold, and the Future of Your Retirement

The US Bureau of Economic Analysis released its advance estimate of second quarter GDP Thursday morning, and it was as frightful as you could imagine. US economic output declined by an annualized 32.9% in the second quarter, a record shattering the previous record drop of 10% set in 1958....

Your Retirement Won’t Be Like Your Father’s Retirement

Everyone dreams differently about retirement, but for most people the general goals are similar. You’re finally freed from commuting, workplace drama, and stress about deadlines. Your time is your own, and you can do what you want. You can sleep in every morning, enjoy a leisurely breakfast, work in...

US Pension Plans Continue to Deteriorate

While pension plans have all but disappeared from private sector workplaces, significant numbers of public employees still expect to receive pensions when they retire, and indeed in many cases depend on those pension plans for their retirement income. But, like most pension plans in the US, these public pension...

How Badly Will Millennials Get Burned When Stock Markets Crash?

Stock market rallies in recent days have been characterized by wild price gains on the flimsiest of positive news. For instance, publication of the results of a vaccine trial on eight people raised such hopes for a coronavirus vaccine that stocks gained over 900 points. Yet there was no...