Money/Financial

Boomers, America’s New Slave Labour

Boomers, America’s New Slave Labour

The article featured below did not at first appear to have much to do with Baby Boomers, but the more we thought about it, the greater correlation we began to see. Workers 40 and over are struggling to hang on to jobs against an onslaught of younger employees with updated […]

 
 

World Economic Collapse Explained in 3 Minutes (Videos)

World Economic Collapse Explained in 3 Minutes (Videos)

  This short video explains the World Economic Collapse in a way that everyone can grasp and enjoy. We’ve also included below an absolutely hilarious comedy skit by Bud Abbott and Lou Costello from 1953 that, while having nothing to do with economics, closely parallels the style employed in the […]

 
 

Are You Going to Survive Crushing Poverty?

Are You Going to Survive Crushing Poverty?

  All too many previously successful Boomers are experiencing crushing poverty as they enter what was supposed to be their ‘golden years’. More enter the ranks of the impoverished everyday. “The forces are mounting that will eventually overwhelm most Americans and send their standard of living to unknown depths. Americans […]

 
 

The 2nd Great Depression

The 2nd Great Depression

  Many Baby Boomers have been financially devastated by outsourcing, early retirements, automation, cutbacks, skyrocketing healthcare premiums, inflation of everyday necessities, increasing property taxes, the Fed’s ZIRP and NIRP policies, and losses from high yield bond investments that went south. Many well known, respected financial gurus with great track records […]

 
 

We’re being Taxed to Death

We’re being Taxed to Death

  Excessive taxes and exorbitant tax rates are destroying the middle class and wrecking the economy. “If you hate taxes, you are far from alone. According to NBC News, here are some of the things that Americans would rather do than pay taxes…” Read more…     Related Articles: Hidden […]

 
 

401(k), IRA Minimum Distribution at 70

401(k), IRA Minimum Distribution at 70

  If you’re turning 70, IRS rules require you to begin taking minimum distributions from your 401 (k) or non Roth IRA. “Why is 70 the magic number? U.S. tax law stipulates that you must take your first required minimum distribution (RMD) from your individual retirement account and 401(k) accounts […]

 
 

Will Pension Crisis Destroy Economy?

Will Pension Crisis Destroy Economy?

Central Bank policies around the world have all but guaranteed that a Pension Crises of unimaginable scope is coming our way.  As bad as this will be for retiring Boomers, the ramifications for the entire economy are going to be just as difficult to fathom.  “Unfunded liabilities for pensions have […]

 
 

ZIRP & NIRP Kill Retirement Savings

ZIRP & NIRP Kill Retirement Savings

  Lot’s of retirees who thought they’d built up a comfortable nest egg are beginning to hurt as the effects of ZIRP and now NIRP bite into savings and eventually, pensions. It’s only going to get worse, as these policies are anything but accidental, rather part of the Federal Reserve’s […]

 
 

Ask RB – Investing in Rough Waters, Next Steps

Ask RB – Investing in Rough Waters, Next Steps

  Elizabeth Asks: Dear RB, I’m sixty years old and my husband Bob recently passed away unexpectedly. I have a substantial portfolio of stocks and bonds, as well as a good pension, so even though I’ve been temporarily cash strapped while sorting things out, I know I’m going to be […]

 
 

Everything is Disintegrating

Everything is Disintegrating

Former Treasury Secretary, Dr. Paul Craig Roberts, says ‘Everything is Disintegrating’. Many Boomer retirement accounts have recently received major haircuts with the junk rated bond sell off that started in oil & gas but has now spread to the broader high yield market. These are indeed difficult times for retirees […]