Older Workers And Retirement Security

| October 16, 2017

Teresa Ghilarducci is a labor economist at The New School, specializing in retirement security. Here’s what she told the Washington Post last month.  “There is no part of the country where the majority of middle-class older workers have adequate retirement savings to maintain their standard of living in their retirement.” Her research shows even high-income workers haven’t […]

Retirement Market Assets Are Looking Much Better…But We Have A Long Way To Go

| March 8, 2013

Hmm….the average working age person has only about $79,651 saved up for retirement. That works out to about  $416 per mounth of retirement payout if retiring at age 62. ICI recently released their retirement plan data through Q3 of 2012. The chart of the day shows the real (inflation adjusted) total retirement market assets per working age citizen […]

Fiscal Cliff’s And Slippery Slope’s

| November 19, 2012

Cumberland Associates has this perspective about the world wide slippery economic situation, and failed post-retirement promises made to a trusting populace. Let us get back to the difference between the US and Europe. European peripheral countries waited too long.  Now they cannot fund the promises that they made for retirement and post-retirement benefits, and so they have to […]

This Review Of Personal Earnings And Savings Goes Hand In Hand With Rising Entitlements. It’s Called The New Normal And It’s A Rut.

| September 25, 2012

Savings….The average American says, what savings? The main reason for the recent surge in consumer “confidence” in September was the near record surge in sentiment for those making $15,000-$25,000, which soared from 43.5 to 62.4 in the month, the most since April 2009. And whether this was due to their forecast of the future, and expectation […]

American Incomes Are Falling And Near-Retirees Are Getting Crushed

| August 26, 2012

Life as we thought it to be,  has changed for ever!  So what’s the new plan? Uh….Hello By Henry Blodget – Daily Ticker Annual incomes in the United States have dropped sharply in recent years, and near-retirees are getting hit the worst. That’s the conclusion of a new study by Sentier Research, which looked at the […]

Federal Reserve Bank: Hard Years Ahead For Baby Boomers

| August 22, 2011

Demographics my dear Watson……According to a Federal Reserve Bank report just out stocks could fall an average of 13% over the next ten years solely because of retiring baby boomers. The actual P/E ratio should decline from about 15 in 2010 to about 8.3 in 2025. The model-generated path for real stock prices implied by demographic trends […]

Retirement Income? A Tough Place To Be In A Low Interest Rate Envirenment

| April 30, 2011

From The Wall Street Journal….Retirement annuities, may not be such a good idea after all, especially now.  Read on! Turmoil in the stock market. Paltry interest rates at the bank. What are the newly retired to do? Many are taking a look at buying a fixed annuity instead.  These products let you swap a lump […]

Democrat Group “The Third Party” Proposes Huge Changes For Social Security

| November 29, 2010

We are all going to be real frugal if this plan see’s the light of day!  Currently, individual retirees with $34,000 in outside income and couples with $44,000 must pay taxes on 85 percent of their benefits. The Third Way plan would require individuals earning $50,000 a year and couples receiving $60,000 to pay taxes on […]

Pensions: The Lump-Sum Gamble (Fleecing)

| November 27, 2010

More than 90% of employees opt for a lump-sum payout from their pension plan when given the choice.  So the Pension Protection Act was signed in August of 2006 by President George W. Bush.  But who does it protect.  Well certainly not the employee!  Interestingly, the current change has received so little notice that most people aren’t […]

No Social Security Increase In 2011 For 58 Million Americans

| October 11, 2010

Retired folks are now getting liitle or no interest on their savings (if they have anything left) and now this happens to them!  For many older people, every little bit matters.  It really looks to this observer as if our government is out of touch with reality and favoring the rich. WASHINGTON      As if voters don’t have enough to be […]

The New Normal: Social Security As We Know It Will Have To Change

| September 18, 2010

The End of Social Security As We Know It By Ian Mathias Baltimore, Maryland On September 30, America will quietly begin a generational shift. This will be the final day of the government’s fiscal year 2010, and consequentially, a very notable day for Social Security. September 30 will be the last day – maybe for […]

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