SINCE July, Judge Steven Rhodes has been considering whether the city of Detroit is eligible for protection from its creditors. On December 3rd he decided that it was. This clears the path for the largest municipal bankruptcy in American history. The city is carrying more than $18 billion in debt, and the judge remarked that […]
This author has yet to write their bio.Meanwhile lets just say that we are proud mbeals contributed a whooping 58 entries.
Entries by mbeals
In the past, experts routinely said you needed to replace 70% to 80% of your pre-retirement income for your golden years. Plus, the experts said, your retirement income need was assumed to increase annually at the rate of inflation for the duration of your retirement. And experts would routinely use 30 years as the standard […]
For many years there has been one overwhelming rule for people who wanted to be considered serious inside the Beltway. It was this: You must declare your willingness to cut Social Security in the name of “entitlement reform.” It wasn’t really about the numbers, which never supported the notion that Social Security faced an acute […]
Trying to hold onto a job while caring for a family member is a tough juggling act. Caregivers sometimes have to arrive late or leave early, cut back to part-time work, and decline travel or promotions. For women, these competing responsibilities may prove particularly perilous, a study recently published in the Journal of Applied Gerontology […]
Having a good attitude about saving for retirement turns out to be key to socking more money away, according to a poll of 1,011 Americans conducted for BlackRock, the world’s largest asset manager. Read the full article at The Wall Street Journal.
JEFF STRACK, a 61-year-old sales manager in Charlotte, N.C., enjoys his work and is in good health. But the prospect of paying for health costs after he retires weighs on him. Mr. Strack hasn’t decided yet when he’ll stop working full time. But he doesn’t expect any retiree health coverage from his employer, which now […]
There’s been no shortage of gloomy headlines about the struggles of workers age 50 and over. But there’s one area in which this age group continues to shine: entrepreneurship. Read the full article at WSJ MarketWatch.
To most new hires, the idea of being eligible for a pension probably seems as far-fetched as being asked to write memos on an IBM Selectric typewriter. But a new study shows that a fair number of companies still offer the traditional retirement plans — and aren’t planning to get rid of them any time […]
The Consumer Financial Protection Bureau last Friday released a guide for seniors and others in the process of choosing a financial adviser, warning that similar to planning for retirement, it can be much more challenging than it sounds. The “Know your financial adviser” guide helps consumers ask the right questions when shopping around to ensure […]
The percentage of U.S. workers who participate in their employers’ retirement plans slipped to 39% in 2012, according to a report by the Employee Benefit Research Institute. Despite the tax savings and long-term benefits of stashing pre-tax money in retirement plans, the majority of workers fail to take advantage of employer-sponsored programs, such as 401(k) […]