Protect Your Future Today
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...
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...
You might think that during a major recession, older workers would be the first to go. They command higher salaries, require greater healthcare payments, and just cost a company more across the board. But in every recession through the 2008 financial crisis, Americans above the age of 55 were...
The latest Social Security Trustees Report was released last week, and it’s pretty obvious that, as the product of a committee, it was likely produced months ago, before the coronavirus crisis reared its head. With most states having been on lockdowns since the end of March and throughout April,...
It’s no secret that the Social Security System is in a shambles. With annual Social Security benefits now exceeding payroll taxes, Social Security’s trust fund is being depleted. And what was expected to be a slow depletion could end up speeding up this year and into the future. If you’re...
There are undoubtedly millions of investors out there who still are heavily invested in stock markets. They enjoyed the gains they’ve seen over the past several years, with both the Dow Jones and the S&P 500 reaching all-time highs on a consistent basis. As a result, the number of...
It’s no secret that the retirement outlook for most Americans is dire. While figures for the average amount of retirement savings get bandied about here and there in the media, the median amount of retirement savings in the US is zero. That’s right, more than half of Americans have...
The coming of the new year has traditionally been a time for people to make resolutions about how they’ll improve their way of living in the year ahead. It’s become famous in some circles to joke about those resolutions, and how few people stick to them. That’s particularly true...
We all love a little mystery in our relationship. But if you keep money secrets you may be increasing stress and decreasing your future security.
It used to be simple: Do a hard job well all your life, then retire and finally have some ease and peace. How did the end of working become the most complicated time of our lives?