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Tag: Retirement

End Taxes on Social Security

The MAGA Republicans do not want to eliminate Social Security and Medicare, rather, they would like to eliminate the government’s double dipping through taxation....

The Role of Grandparent Vanishing from Society

I discussed how the rising costs of childcare surpass the cost of rent by 25% to 50% across the United States. The cost of raising a child is directly reflected in...

Americans Tapping into 401Ks amid Private Debt Crisis

Credit card balances in the US have surpassed $1 trillion for the first time, with balances up almost 20% from a year ago. The Federal Reserve Bank of New York...

Gen X No Longer Saving for Retirement

(click on the image above for a clear view) A new survey by Clever Real Estate shows that 64% of Gen Xers have stopped saving for retirement. These are the people...

The Pension Crisis is Starting to Explode

At the current federal minimum wage of $7.25 per hour, working 40 hours per week, 52 weeks per year, yields an annual income of only $15,080. This is below the...

Getting Old & Risking Unemployment Thanks to Socialism

The reality these days is that more than 50% of older workers are pushed out of their longtime jobs before they choose to retire. The major factor in this trend is...

Has 95 become the New 65 for Retirement?

One of the more interesting downsides of the collapse in socialism is the impact upon the elderly. The data now shows that since the 2007-2009 recession, about...

Suicide Over European Banking Crisis

The European “bail-in” rules have been cheered claiming taxpayer money will be spared. However, many seniors bought bank bonds for their retirement. In...

Planning for Retirement

We are working very hard to launch Socrates. To answer all the questions about what to do with retirement accounts, much of this depends upon regulation. Clearly,...