How to Avoid the Risk of Outliving Your Nest Egg
March 11, 2010 by Editor · Leave a Comment
Determine whether you have the time, discipline, and emotional make-up to handle your own finances. Most people think they can succeed on their own, much like the vast majority of people think they are above average drivers. The data shows a different fact pattern. An 18 year study compiled by legendary Vanguard Group founder, John Bogle has shown that the average investor gets destroyed not only by fees, taxes and transactions costs, but also more importantly due to emotional errors and lack of investing discipline. Words: 847
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Prepare for Retirement by Owning Some Gold
February 26, 2010 by Editor · Leave a Comment
Gold is the constant. Its value doesn’t change. Its dollar price changes, but not its value. So when investors come to me and ask me how they can hedge against the falling value of the dollar, I always tell them to buy gold. Words: 402
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Is Your Household One of the 51% Projected to be at Risk in Retirement?
February 26, 2010 by Editor · Leave a Comment
Many Americans are reacting to the economic downturn not by resolving to save more but by no longer actively planning for retirement. “That’s exactly the opposite of what they should be doing,’’ said Paul Ballew, senior vice president at Nationwide Insurance. Words: 369
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How Safe Is Your Retirement Money from the Government’s Grasp?
February 26, 2010 by Editor · Leave a Comment
Hank Paulson, the Goldman Sachs bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the world financial system is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives. Wall Street’s approach to the poor has always been to drive them deeper into the ground. Words: 777
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Current Economic Strains Will Change ‘Retirement’ for Millions
February 23, 2010 by Editor · Leave a Comment
Early retirement isn’t as fashionable as it used to be, mainly because many Americans will simply have no choice but to keep working, perhaps for 10 or even 15 years longer than they expected Words: 1281
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The 80% Retirement Income Myth
February 21, 2010 by Editor · Leave a Comment
The large majority of consumers would prefer to cut back on the luxury items that make up so much of their pre-retirement spending if that permitted them to retire on the timeline that they desired. But who tells people that? Instead, the conventional planning advice is that you want 80% of pre-retirement income, you can reluctantly settle for 70%, and if you only get 50%, you’re eating cat food. Words: 546
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