The Real Cost of Slashing Social Security
As the United States of America struggles to pay out Social Security benefits for the millions of baby boomers who are just now hitting retirement, analysts, speculator and Average Joes are quick to say that Social Security is a dying program – if not for the baby boomers, for the Gen Xers who follow. The most recent group added to the list of those scolding the United States is the International Monetary Fund, who was upset not only about the skyrocketing American debt but also about the amount of our annual budget being spent on Social Security. The IMF actually recommended cutting the program.Increase Your IRA Income and Give Yourself A Raise For A Lifetime
IRA income worries are the bane of any enjoyable retirement. How do you stop worrying about your IRA income and investments? You can take them out of the market but then what?Retirement Planning Made Easy – What You Should Do
Retirement planning made easy…Do-it-yourself. Why should you trust someone else to make your retirement decisions for you?How to Determine How Much Money You Will Need to Retire
How much money to retire?… Depends on who you ask… It also depends on how bad you want to retire… If you really want to retire you can find ways to do so. If you listen to the financial planners, especially the ones, to tell you that you will not be happy unless you have X percent of what you’re earning now to enjoy retirement.Include Long-Term Investments When Planning For Retirement
Planning for your retirement nowadays can be a bit tricky if you make a mistake and do not make the right type of investments. Fortunately, there are several long-term investments that will make excellent choices for investing your money in now, as you plan for your future retirement.If Printing Creates Wealth, Why Isn’t Zimbabwe The Richest Country on Earth?
The past doesn’t exactly predict the future but it often rhymes. It’s time we take a moment to look back over the past three and a half years so we as US dollar holders can really grasp what is happening to our world…and if you live on planet earth than regardless of where you live, from Shanghai to Cairo, your central banks owns tons of US dollars in their central bank. So we are all dollar holders! From September 2007 to December 2008 the US Fed cut rates from 5.25% to zero (English speak: banks can borrow as much as they want at 0%). The result of this historic measure was that the US stock market fell 40%.Look at the Big Picture
While many modern economists claim that the economy is recovering there is hard evidence that we haven’t see anything yet. Just as illogical the idea of “spending our way out of recession” is so is their claim to economic recovery. There is one major threat to the U.S. economy: the instability of the U.S. currency, triggered by 1) massive national debt funded with newly created notes and 2) the possibility of a loss of its current “world reserve” status. The collapse of the dollar would lead to a drastic loss in your purchasing power, your standard of living, and your overall financial plan. Considering that average income does not rise at the same pace with inflation it’s time to be proactive and make a plan for the future.When Will You Have The Money To Retire?
Not saying that everyone doesn’t want to retire early, but some of us are not built to work the 9-5 job where we move around like sheep doing the work while someone else enjoys the benefits. With some people there is a little voice that screams deep inside to let him out.KiwiSaver: Building a Secure Future
Introduced in 2007, KiwiSaver is a long-term savings scheme that targets all New Zealanders, in order to provide the next generation of retirees with the guarantee of a secure retirement fund. It’s a three-tiered contributions system: You can pick the rate of savings (2%, 4% or 8% of your gross pay), and your employer will contribute a maximum 2% of your gross pay. To encourage your participation, the New Zealand government awards you $1,000 the moment you sign up to KiwiSaver…Pension Annuity Is The Best Way To Secure Your Future
Pension Annuity is a contract that you buy with your retirement fund. This is the best way to plan for your retirement. It gives you a chance to enjoy your old age life after retirement from a job.