Reuters Says Invest In Yourself
For many years I've been writing about the extent to which retirement will not be the same for people as it was for their parents (obvious observation) and that this has created a problem/challenge for each of us to solve for ourselves--meaning everyon...
Getting to Know the Future You
A writer named Doug Carey had a post at Seeking Alpha called 3 Pitfalls To Avoid When Retirement Planning. He says don't wait to start saving, don't count on Social Security and make sure you beat inflation. Obviously all three important but as I read ...
It’s The End of the World and Paul Farrell Knows It
Paul Farrell had a column up yesterday that detailed ten reasons why 2012 will be a doomsday. Included in the list are failings of US democracy, class warfare and some disturbing prognostications about global warfare.If you read the paragraphs that Far...
Concessions A Comin’
The other day I found this article about beneficiaries of a public pension (retired police and firefighters) agreeing, by necessity, to a reduction in their payments. While I don't know whether the cuts will be big enough I do know that the idea of of ...
Sunday Morning Coffee
We all know that the concept of retirement will, by necessity, look much different for many now-working age Americans than what it did for the parents and grandparents of now-working age Americans. Over the years I've tried to explore this inevitabilit...
Newt Likes Privatized Social Security
Reuters reported that Newt (turns out they meant Gingrich not the character from Lonesome Dove) is in favor of privatized Social Security for younger workers although there was no mention of a specific age.Gingrich would be on board with giving people ...
Is It Really That Bad?
A friend passed along a link to an article at Smart Money called 10 Things Baby Boomers Won't Say and it was profoundly negative.The list included"Make room kids, we'll be living with you when we're old""and we blame you for that""We can't face reality...
Something Is Going To Give
There was a write up in the WSJ about a particular type of pension called a voluntary employee beneficiary association or VEBA. You can read the article for the particulars of this type of pension but the bigger point is that like other pensions, one e...
Replacement Rate; Hokum and Hooey
The WSJ's Total Return Blog shared some of the conclusion about magic retirement numbers from a report by the Boston College Center for Retirement Research. The key takeaway from the WSJ's viewpoint was people need 80% of their preretirement income and...
