Submitted by Ray Ferrara on Tue, 11/12/2013 - 9:00am
Saving for retirement, an admirable aim, has lots of obstacles. The overall economy is to blame for some, government rules for others and employer tightfistedness for still others. Retiring at 65, which is the traditional goal, is for many a pipedream.
Today, people are living longer in part because of less physically demanding work than in the past and better health care throughout life. Many people are choosing to work longer, many because they have to, not because they want to.
Submitted by Brenda P. Wenning on Tue, 11/05/2013 - 9:00am
The labor force participation rate has fallen and it can’t get up. That is not a good thing for the struggling economy’s future.
The U.S. Bureau of Labor Statistics (BLS) reported that, in September, 90,609,000 Americans who are 16 or older are neither working nor looking for work. Only 63.2% of Americans are working or looking for work. Anyone who is unemployed who has looked for a job in the past four weeks is counted as participating in the labor force.
Submitted by Brenda P. Wenning on Fri, 11/01/2013 - 9:00am
America felt huge relief when Congress agreed to a fix to the budget/debt ceiling standoff. Trouble is, they merely postponed the problem, known in Washington parlance as “kicking the can down the road.” Why should we have confidence that lawmakers will resolve the mess next time? Or any time? The parties are too divided.
This all reminded me of Alfred Lord Tennyson’s 1854 poem “The Charge of the Light Brigade,” about another doomed enterprise:
Submitted by Larry Frank Sr. on Fri, 09/06/2013 - 12:00pm
Social Security officials often encourage starting benefits as soon as you are eligible. But they can’t counsel you on filing strategies. Convenient for them but inconvenient for those who don’t know the ins and outs of filing and may file too early in life.
If you or someone you know started benefits early, strategies exist to still enhance monthly benefit checks or even let the recipient take a job without losing benefits. Knowing the filing rules helps maximize retirement income.
Submitted by Walid L Petiri on Thu, 08/22/2013 - 12:00pm
On July 18, Detroit – once the nation’s fourth-most populated city – became the largest American city to ever file for a chapter 9 bankruptcy. Now this latest development in the city’s multi-decade decline puts a question in the minds of more than 20,000 retired public employees: What happens to my pension?
Submitted by Eve Kaplan on Wed, 08/14/2013 - 12:00pm
Some folks think financial planning is very difficult. While certain aspects are hard, such as constructing the right asset allocation to meet your goals, the basic concepts are not. The best approach to organizing your finances is the KISS rule: “Keep it Simple, Stupid.”
KISS helps you refine your elevator speech, write concisely… and can boost your financial health. KISS can help you cut through the endless avalanche of financial and investment information.
Submitted by Sam Cohen on Tue, 07/23/2013 - 3:00pm
We’re deep into the 2013 wedding season, and lots of folks are tying the knot. While the Internal Revenue Service is hardly on anyone’s mind as they celebrate, there are some important tax tips to keep in mind.