How Coronavirus Is Forcing Americans Into Early Retirement
"... two-thirds of the study respondents were not saving enough for retirement, while almost 9 out of 10 didn’t have a financial plan."
"... two-thirds of the study respondents were not saving enough for retirement, while almost 9 out of 10 didn’t have a financial plan."
"If state governments start getting bailed out, the first and most obvious way you would be affected is through increased taxes."
"If it goes wrong we face social unrest, revolutions and, because all the environment, overpopulation, and poverty issues remain, don’t rule out an escalation of resource driven wars."
"... if you need to withdraw some emergency cash from your 401(k) ... you may run into challenges."
"Many people over age 62 who wanted to delay Social Security, which can often be the best overall retirement income strategy to maximize long-term Social Security benefits, may want to consider claiming benefits sooner."
"Looking upon investment bankers today, one is reminded of those sad addicts in the casino who are ruined and lose everything, except the difference is, they are given the option to sell their neighbour’s family into slavery to pay off their debt."
"One reason online retirement accounts are being targeted is they aren’t checked that much. This gives the hacker time to work, and potentially gain access to a particular account."
"When food and energy prices begin to soar, you’ll want an asset that can help you maintain the lifestyle you’ve worked so hard for."
The American SECURE Act will require owners of larger pre-tax retirement accounts who plan to leave a legacy to family through IRAs, to review and possibly restructure their estate plans, ideas, in the coming years.