Some Boomers chose government careers due to perceived stability, generous benefits and great pensions. Retiring government workers are already beginning to experience a different reality. Underfunded pension accounts, declining revenues and decades of fiscal mismanagement mean pensions are in serious jeopardy. That’s the good news. Here’s the rest of […]
While there are numerous articles seemingly every day about the impending economic collapse and coming retirement crisis Boomers face, do you really understand what’s going on? If not, how can you possibly expect to be prepared? The following article spells it out in plain language. If you plan on […]
Detroit government pensioners caught a bad case of the flu when the city declared Chapter 9 Bankruptcy. It’s about to spread to other financially strapped cities across America that are desperately looking for ways to reduce legacy expenses. Throwing the medical benefits monkey off municipal backs and onto the […]
Baby Boomers are retiring in record numbers, but instead of looking forward to the ‘golden years’, many are concerned whether they will outlive savings and pensions. Read more…
Many Baby Boomers are in for the financial shock of their lives, as current government spending levels are unsustainable. Since Americans aren’t about to demand lower spending, let alone allow substantially higher taxes, this leave politicians only one out… Inflation. Read more…
Many of us watched Maxwell Smart in the Get Smart television series. Among his antics he would repel through a doorway or to the top of a nearby building. Inevitably, he would crash into the door jam or hit the side of the building and would comment, holding his thumb and forefinger about an inch apart, he missed it by that much.
Similar things can happen in our retirement plan when we over or under estimate how much it costs for us . . .
In today’s article from Business Insider, author Michelle Hirsch sheds light on new statistics for unemployed Baby Boomers and the facts are dismal. Not only are older workers challenged by
Now isn’t the time for Boomers to be playing Russian Roulette with finances. Retirees depend upon interest income, along with pensions and Social Security. All three are under fire, causing some to take on riskier investments in an attempt to make up the difference between the damage caused by Fed policies pushing short and long rates down to historic lows, while encouraging inflation in food and other basic necessities, thereby constantly nibbling away at inflation adjusted incomes.
Far too many financial advisors and gurus believe today’s low interest rates are virtually guaranteed for some time as this is the Fed’s announced policy. I’ve learned over time that markets actually rule.