How GE Screwed Over Its Retirees
By John Mauldin Remember “defined benefit” pensions? That is the kind of plan in which the employer guarantees the worker a set monthly benefit for life. They are increasingly scarce … Read more
retirees
Why This “Simple” Pension Crisis Solution May Not Help Retirees Much
From Birch Gold Group The bull market in stocks over the last decade hasn’t helped public pensions much. Officially, they acquired $8.8 trillion in liabilities, yet they remain 48% underfunded. You can … Read more
Simon Black: Many Local Retirees In Puerto Rico Will Get Pension Cuts As Part Of Debt Restructuring
by Simon Black of Sovereign Man On Friday evening, the government here in Puerto Rico made an announcement to local retirees that many of them would have their pensions cut. Poof. Just like … Read more
Americans increasingly financing sneakers, sweaters… These retirees ‘couldn’t afford’ to stay — now live on $2,000 a month in Ecuador
Eyeing That Sweater? It’s Yours in Four Easy Payments Fintech firms pitch installment plans to consumers increasingly reliant on borrowing Sean Gauthier wouldn’t think of using credit cards to buy … Read more
Pension Mismanagement Creates More Uncertainty for Retirees
From Birch Gold Group Public and private pensions are in trouble. There needs to be a major overhaul to the way pensions are operated or they will likely go extinct. Worldwide, pensions … Read more
China Plays Trade War “Hardball” With Yuan – 3 Ways Retirees Could Suffer
From Birch Gold Group The trade war between the U.S. and China has escalated once again. Except this time, China signaled its intention to weaponize the yuan to combat tariffs issued … Read more
Financial Repression Steals Trillions Per Year From Savers & Retirees To Save TBTF Governments
Wolf Richter of Wolfstreet.com actually ran the numbers of how much governments steal per year through financial repression from savers and retirees in the US alone. So now we have … Read more
Recent Bull Market Bypasses Retirees
From Birch Gold Group It seems like the market is responding urgently to what the Fed has been saying about rate cuts, as the market has been on a rather unusually long bull … Read more
A ‘tsunami of poverty’ is coming for retirees
From MarketWatch: First the good news: As you know, the stock market has surged for more than a decade. Since the recession low of March 9, 2009, the S&P 500 has rocketed … Read more
Biggest Bull Market Ever – yet Disaster Looms for Millions of Retirees
via MarketWatch: First the good news: As you know, the stock market has surged for more than a decade. Since the recession low of March 9, 2009, the S&P 500 SPX, -0.62% has … Read more
Why Imminent Pension Crisis Reveals a Grim Future for All Retirees
From Birch Gold Group Whether or not you’re relying on a pension for part of your retirement, there is a grim future on the horizon for retirees tied to the pensions’ demise. John … Read more
Should Retirees Worry About Bear Markets?
by Lance Roberts Mark Hulbert recently wrote a piece suggesting “Retirees Should Not Fear A Bear Market.” To Wit: “Don’t give up hope. I’m referring to what many retirees are most afraid … Read more
How Retirees Can Diffuse the Tax “Time Bomb” Most Plans Are Sitting On
From Birch Gold Group Retirees already have plenty of things to be concerned about. Now, they can add tax planning to the list. Anyone who has taxable income files a tax return each … Read more
Retirees Get a Raise – But It Won’t Change Their Bank Balances
From Birch Gold Group This coming January there will be 62 million Social Security (SSI) beneficiaries who will get 2.8% more in the form of a cost-of-living adjustment (COLA). Obviously any increase is … Read more
Medicare is not Enough for Retirees. This is How Much Extra They Have to Pay for Full Coverage
by howmuch Experts agree that you need a lot of money to retire. Life expectancy continues to increase, which means you must have a larger nest egg before leaving the workforce. Inflation … Read more
Right Now: A Terrible Time for Undersaved Retirees to Try to Catch Up
by Lance Roberts A couple of weeks ago, I discussed the coming “Pension Crisis.” The important point made was the unrealistic return assumptions used by pension managers in order to reduce the … Read more