Are you within 15 years of retirement? You may want to rethink that timeframe. Eligibility age rises to 67 over the next six years.
Most people are getting poorer. We’ve never met a tax cut we didn’t like. But there is no tax reform on the horizon that will make them richer.
We send our grapes to be processed and bottled. To get there, you drive down the valley as if headed back to civilisation and then take a turn to the left.
Nervousness over which will expire first: you or your capital… These issues impact the majority of retirees…some more consciously than others.
If Trump’s term in office proves to be anything like his first week, champagne will be in high demand on Wall Street.
The sheer number of welfare recipients means that the system we’ve created over the last century is unaffordable…it’s a Ponzi scheme.
Welfare promises — made in times of lower life expectancies, when less people were at the apex of society’s pyramid (and during the greatest credit boom in history) — are going to be reneged upon.
Every Western government is facing the same debt and deficit issue. In this socialist chain, all you need is the weakest (the most indebted) link to fail and the whole chain is compromised.
Longer term China will be a much more advanced economy. But in the coming years it has to deal with the debt overhang from its recent stellar growth.
What will be the eventual front page story from all these threads? Economy Melts Down. Government forced to cut expenditure. Austerity measures imposed.
Zombie populations (people who live at others’ expense – some disabled… some crazy… and some very clever people) are multiplying.
The longer we spend in France, the more similarities we see between its economic problems and those in the US economy. Same bureaucracies. Same deficits…
The equation with welfare is one person’s income is another person’s taxes… The welfare system, as we know it today, is unsustainable.
Anyone recently retired or planning for retirement in the next 10 to 20 years should have a financial plan that errs on the side of caution.