"Once upon a time, state and federal government pensions were considered somewhat sacred, a bulwark against economic forces that battered conventional retirement savings plans. But, due to unprecedented economic shifts, those with government-sponsored retirement plans may be less secure than ever."- Brian Swerdlow. By Brian Swerdlow In a business environment where Wall Street executives [...]
Authored By BY PORTFOLIO ARMOR/ BY PORTFOLIO ARMOR FRIDAY, MAR 10, 2023 - 15:27 "You got it all wrong, Joe. You're money isn't here right now. It's in Franks bullshit startup, and 100 other completely worthless ideas."--Eddy Elfenbein, riffing on the classic bank run scene from "It's a Wonderful Life". So Much For Effective Altruism In [...]
“If you are a federal employee covered by FERS who needs or wants to retire earlier than planned, MRA 10+ may be an option. MRA + 10 allows Feds who have met minimum age requirements and have at least ten years of service to retire sooner than expected.” Brian Swerdlow By Brian Swerdlow Federal [...]
Authored By Egon von Greyerz/ PREPARE FOR 10 YEARS OF GLOBAL DESTRUCTION By Egon von Greyerz March 1, 2023 The final stages of major economic cycles are always accompanied by the maximum amount of bad news as well as heinous events. This time is no different as the West is in the process of committing Harakiri [...]
Safe Money Trends and Safe Space Podcast friend SCOTT WALTERS says #commercialrealestate is about to go down for the count. https://www.youtube.com/watch?v=-XVdlM7kL74&t=14s
"What your CPA (probably) isn't telling you about the Employee Retention Credit may mean you'll pay more taxes than necessary. The $2 trillion CARES Act of 2020 contains several provisions designed to help small businesses and self-employed individuals recover from the financial impact of COVID-19 pandemic measures. If you owned a business impacted by [...]
Federal Reserve rate hikes meant to quell inflation may ultimately have the opposite effect. Authored By Stefan Gleason. Of course, higher borrowing costs will force consumers to scale back and businesses to trim payrolls. A contraction in debt-financed economic activity will in theory cause inflation to fall. However, contrary to popular misconceptions perpetuated by the [...]
Is the traditional "4% Rule" dead in 2023? Stan the Annuity Man explains why he thinks 4% just doesn't make sense anymore. https://www.youtube.com/watch?v=1Vh2UnlWyDM
Authored By Valuewalk Contributed by Paul Hubbard BY VALUEWALK For the average American, healthcare in retirement will cost more than they have in their entire savings account. And unfortunately, Medicare won’t help. Healthcare, of course, is the single biggest line item that most retirees need to prepare for. Recently, a study released by the EBRI (the Employee Benefit Research [...]
By Daniel Stewart "Retirement is one of the most significant milestones in a person's life. However, for many older Americans what should be a happy, stress-free time can easily become full of money challenges and other unanticipated hurdles." If you are a pre-retiree witnessing what seems to be an economy on the edge of a [...]
Bank shenanigans are ramping up. Keep your eyes on the banks and watch for anything "weird" with your account. https://www.youtube.com/watch?v=pxvJUJPiHgU
by Daniel Stewart A rapidly shifting demographic means more Americans than ever will need some form of long-term care or a stay in a nursing home. Unfortunately, few of us are prepared for the escalating expenses of long-term care. Long-term care expenses are one of the prime reasons seniors run out of money when they [...]
