With our current state of the economy, politics and deficit spending of our federal and state governments, people are concerned how to balance saving for retirement and being able to maintain their lifestyle in retirement. Only 20 percent of Americans say that they are "very confident" that they will have enough money in retirement to last their lifetime, according to the April 2010 Employee Retirement Confidence Survey.
If you are like many Americans, you may consider your IRA to be among your primary sources for funding your retirement. But, with our current economic issues, and 2008 decline in values of pension plans, you may still have questions about your retirement savings for the future. Some questions are:
September 28, 2010|
Every day, we see advertisements touted on television, by actors we recognize, for reverse mortgages and the benefits for those, age 62 or older. It is sad to see retirees at this age forced to start spending the equity of their homes to meet rising living costs in today's economic environment.
Few Americans know how much they need to save for retirement. Less than half of current workers have even attempted to calculate how much money they will need, according to a recent Employee Benefit Research Institute survey.
A article in Newsweek's business section in 2007 questioned a major problem that is a threat to our economy. It started by addressing the mortgage problem that was surfacing at that time, and alluded to what was a bigger threat to the economy than the mortgage problem. The statistics quoted started with the following question: What is the biggest threat to the U.S. economy?
In discussion with one of my friends who is a professional small-businessman, evaluating the new Patient Protection and Affordable Care Act, we determined that the current rules will drive people from group plans to individual plans.
Although it was introduced in committee in 2009 as part of the proposed health care reform legislation, the CLASS Act received little public attention as Congress and the nation hotly debated the rest of the historic law signed into law this year.
As you know, many people underestimate how much money they need to finance their retirement, especially given that men and women are living approximately 10 (men) and 12 (women) years longer than just 60 years ago.
After three weeks of reporting the details of the health care plan signed into law by the president on March 23, we are now getting reports by the experts on the problems that will have to be dealt with by those implementing the plan - we the people, who will have to be covered according to the plan, and must pay for the program, both by premiums and taxation.
As reported in previous columns about the health-care bill signed into law March 23, this information comes from the Foundation for Health Care Education and its reading and evaluation of the new health care reform.
May 11, 2010|
I just returned from a seminar sponsored by the Foundation for Health Coverage Education, which explained more about the health plan the president signed into law on March 23. Please note, these details may/will change as the implementation costs of this program over time change dramatically, according to the experts in the health insurance industry.
April 27, 2010|