Finance

Most likely whatever retirement planning you have done is wrong. You need to change your assumptions, ask questions and plan for the worst. Below are some very basic concepts that you need to consider when planning for your retirement whether it is in 5 years or 25 years.

Are you heading for a financial fall? The line between a future of financial solvency and one of distress is thinner than you might think. Bankrate offers eight signs you're flirting with financial ruin. If four or more of these signs sound familiar, it's time to seek help. [Take a look.] Words: 1697

Consider how much money you could have in 10 to 40 years if you stopped wasteful spending now and invested that money instead.

Think you’ll retire at 65? The Transamerica Center for Retirement Studies’ 16th Annual Transamerica Retirement Survey has found otherwise.

In the most simplistic and, I might add, most humourous terms, the little story below demonstrates what economists call 'money velocity' and how a bailout package (think Greece) works. It really is that simple & nonsensical!

Where are the cheapest and priciest areas located in the U.S.? Where do people make the most money? Some of the answers might surprise you.

The fuse on the global debt bomb has been lit. We are now officially in the crisis to which the 2008 meltdown was just the warm up. Here's why.

True, the markets are nervous, but there is virtually no sign that an unpleasant resolution to the Greek crisis presents any threat to financial markets or even the Eurozone economy. Here's why.

The Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow. Why? Because neither the Greeks nor the Germans are willing to give in, and that means: there is very little chance that a debt deal is going to happen by the end of June; we will likely see a major Greek debt default and, potentially, even a Greek exit from the eurozone and, if Greece does leave the euro, we are going to see financial carnage happen all over Europe.

For a consumption based economy asking “how much do Americans earn?” is a vital key to our long-term stability. Each household has a propensity to spend and the ability to consume is largely derived by income. Debt has made it easier for households to spend future wages but these two important reference points measure the health of total wages for households and that of individual workers.