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The report issued late last year by the bi-partisan National Commission on Fiscal Responsibility and Reform, otherwise known as the Deficit Commission, is a good place to start for considering changes to Social Security. Let's take a look, along with some tweaks to the Commission's recommendations.
While mutual funds tell investors to buy and hold, if you look at how much they trade, they certainly don't follow that advice.
What should you do about the latest stock market volatility? Nothing at all, according to a recent survey from Fidelity Investments. Read here for some ideas to keep you calm during this latest stock market craziness.
Researchers in Australia recently released a study that found that watching TV or videos for an average of six hours a day could shorten a viewer's life expectancy by almost five years. But the damage to your retirement doesn't stop with a shortened life expectancy. Read here for details.
I don't think we are headed for a recession, and I think the markets and the economy will slowly improve. But that doesn't mean folks shouldn't plan and be prepared. So here are a few thoughts on preparing your credit and benefits...
A few days ago I wrote that the financial markets are pricing in a substantial likelihood of a recession and a significant 30 percent decline in corporate earnings. If that were to materialize, it would make the current decline in the financial markets look like a small bump in the road.
The recent debt compromise calls for a bi-partisan committee to make recommendations to reduce entitlements. As a result, we'll probably hear more impassioned debates about so-called "raids" by politicians on the Social Security trust fund. Here are two possible fixes for Social Security's financing issues.
I think things will improve. But that doesn't mean folks shouldn't plan for the worst. With this in mind, folks need to buckle up and check the strength of their financial safety nets.
Before you dump your stocks, keep this in mind: it's easy to be hysterical, but better to be historical. Let history be a guide to defining probability and how to invest, not the hysteria in the media.
With all the attention given to the debt downgrade and a possible new recession, it's a good time to review my mother's story to see what we can learn. She just turned 90, has been retired for over 30 years, and during this time, has survived four major meltdowns - and counting. Her story inspired my 10-step plan to recession-proof your retirement years.
Excessive debt is the fastest way to lose control of your personal finances, so don't exceed your personal debt ratio.
The recent debt compromise calls for a bi-partisan committee to make recommendations to Congress by Thanksgiving for reducing entitlements, including Social Security and Medicare. Let's look at recent proposals to change Medicare, to see what this bi-partisan committee might recommend, and what you should do about potential changes.
Will Social Security be there when you retire? I get this question every time I talk with anybody about retirement planning. My answer: Yes! Read here to learn my reasons.
The recent debt compromise calls for a bi-partisan committee to make recommendations to Congress by Thanksgiving for reducing entitlements, including Social Security and Medicare. Let's look at recent proposals to change Social Security, to see what this bi-partisan committee might recommend, and how this might affect your retirement planning.
What does the debt deal mean for your retirement plans.
