Where We Were, Where We Are ,WHat Will Be

285 Flips | 7 Magazines | 1 Following | 9 Followers | @trargls | We all have a reason to be here, its what we do while we are here that truely defines who you are. Please do for others, thank you.

401(k)s are a sham

<b>(michaeljung via Shutterstock)</b><p>Duped by a DIY retirement dream, the elderly now face staggeringly low living standards<p>Helaine Olen<p>August 6, 2013 12:25pm (UTC)<p><i>Editor’s note: This article is part of an ongoing AlterNet series, “The Age of Fraud.</i>”<p>“For retirement, the answer is 4-0-1-k,” proclaimed …

Middle-Class Must Assert Its Worth And Take Its Share Of America's Wealth

It is time for the middle class to stop accepting crumbs for their labor and innovation. It is time for the middle class to demand, not ask, for …

Congress is getting richer

The typical American family is still struggling to recover from the Great Recession, but Congress is getting wealthier every year.<p>The median net worth of lawmakers was just over $1 million in 2013, or 18 times the wealth of the typical American household, according to new research released Monday …

Income Inequality

Wealthiest Americans say the poor have it easy

The nation's wealthiest think that the poor have it pretty easy.<p>A survey by the Pew Research Center found that 54% of those with the greatest financial security believe that "poor people today have it easy because they can get government benefits without doing anything in return."<p>Only 36% of the …

Income Inequality

The Slow Strategy That Might Rebuild Middle-Class Wealth

New savings options—such as myRA and Secure Choice—might help ordinary Americans grow their assets without sacrificing emergency savings.<p>The middle class is in terrible shape. Wages are stagnant, the middle class’s share of the nation’s wealth has been declining for decades, and ordinary Americans …

Retirement

Did Inequality Rob Middle-Class Households Of $18,000?

<i>Part 1 in the series, “Inequality and the Middle Class.” Also available: Part 2.</i><p>Last week, the Economic Policy Institute released a report on trends in wages, earnings, and incomes called, “Wage Stagnation in Nine Charts.” The report, by EPI president Larry Mishel, Elise Gould, and Josh Bivens is a …

How is middle class doing? Four gauges show why politicians are talking fixes.

Despite signs that the US economy is rebounding, the middle class continues to struggle. Politicians from both sides of the aisle have set their …

Majority of Americans Living on the Financial Edge, Study Shows

A majority of American families lack financial stability, finds a first-time report released Thursday from the Pew Charitable Trusts.<p>Some combination of limited or volatile income, high debts and little or no savings puts financial stability at risk for 70 percent of households. For nearly half of …

Retirement

1 in 5 American Children Relying on Food Stamps for Meals

Twenty percent of children in the U.S. currently need food stamps to eat, according to federal data released Wednesday.<p>Citing figures compiled by the …

The UN Warns Of 'Suffering And Misery' As Unemployment Grows Throughout The Next 5 Years

More than 212 million people will be jobless by 2019 against the current level of 201 million, the International Labour Organization said.<p>"The global economy is continuing to grow at tepid rates and that has clear consequences," ILO head Guy Ryder told reporters in Geneva.<p>"The global jobs gap due …

Oxfam Claims The Richest 1% Will Own More Than Half The World's Wealth By Next Year

"The scale of global inequality is quite simply staggering and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast," Oxfam executive director Winnie Byanyima said.<p>The richest one percent's share of global wealth increased from 44 percent in …

Income Inequality

Costco: America's best retailer?

Can anything stop Costco?<p>The giant wholesale retailer is incredibly popular with consumers ... and investors.<p>Shares of Costco (COST) rose as high as 2.5% Thursday after the company reported that its latest quarterly earnings estimates easily topped forecasts. People are shopping and same-store …

10 Questions To Ask A Financial Advisor

By Laura Shin <br>It’s not easy finding a financial advisor. After all, you have to trust this virtual stranger enough to reveal your financial situation – or hand your money over -- to him or her. But these steps can help you find the right fit.<p>Ask friends and family for referrals, says …

5 Ways to Invest Smarter at Any Age

The key is settling on the right stock/bond mix and sticking to your guns. Here's how.<p><i>Welcome to Day 4 of MONEY’s 10-day Financial Fitness program.</i> …

The Biggest Threat To Your Portfolio

Last night at the Nasdaq Marketsite, Mark Hulbert and I served on a panel discussion entitled <i>Defend Yourself: Top threats to investors in 2015</i>. The …

9 Simple Money Moves You Can Make in 10 Minutes or Less

Minding your money doesn't have to be time-consuming.<p>No, really!<p>There are plenty of quick and simple steps you can take that can have a positive impact on your financial wellbeing -- like these nine money to-dos that should take only ten minutes (or less!) of your time.<p>So what are you waiting for? …

60 Simple Rules of Personal Finance

A while back, I was asked to give an hourlong presentation where I talked about my key principles of personal finance. I chose to give a presentation …

5 Steps to Your Best Budget

How many of you have a budget? How many update your budget frequently when situations change?<p>I know that I reassess my budget anytime my life …

Personal Finance

Investing, Broken Down to its Ridiculously Simple Core

<b>Myth:</b> Wealth and freedom come exclusively from living below your means.<b>Fact:</b> Frugality is the <i>first</i> step … not the last.~~~~~<br>There’s a couple that …

Fidelity is offering clients free retirement money

<b>Fidelity offers clients IRA matching (Forbes)</b><p>Fidelity is going where no other broker has gone before. The company is offering to match up to 10% of IRA contributions for three years if a client funds a new, or existing account, with at least $10,000. According to the Boston Globe, "Fidelity's offer …

30 Years Ago Warren Buffett Gave Away The Secret To Good Investing And Correctly Predicted No One Would Listen

In a speech at Columbia Business School, later adapted into an essay, Buffett introduced what he called, "The Superinvestors of Graham-and-Doddsville."<p>Buffett writes:<p><b>"The common intellectual theme of the investors from Graham-and-Doddsville is this: they search for discrepancies between the value</b> …

Investing

Why Roth Retirement Accounts are Very Overrated & Over-hyped

Me: Forgive me father, for I have sinned. Father Finance: You are in a safe place to share your sins, my son. What would you like to confess? Me: I …

Retirement

3 Tax-Efficient 'Bucket' Portfolios for Retirees

It's worth noting, however, that these portfolios feature slightly higher equity positions than is the case with my other retiree bucket portfolios. …

3 questions you must ask a financial advisor

President Barack Obama called for new regulations this week to ensure that brokers who work with retirement accounts put investors' interests first. …

Opinion: DOA: Wall St. will crush Obama’s plan to protect 401(k) savers

President Obama’s new fiduciary rule for retirement advice is DOA. Why? Not just because a 2004 GOP Senate killed the fiduciary rule Vanguard’s Jack …

WHY THE MINIMUM WAGE SHOULD REALLY BE RAISED TO $15 AN HOUR

<b>WHY THE MINIMUM WAGE SHOULD REALLY BE RAISED TO $15 AN HOUR</b><p>+Robert Reich gives 7 reasons why $10.10 is not enough. $15 should be our goal.<p><i>Momentum is building to raise the minimum wage. Several states have already taken action — Connecticut has boosted it to $10.10 by 2017, the Maryland legislature just approved a similar measure, Minnesota lawmakers just reached a deal to hike it to $9.50. A few cities have been more ambitious — Washington, D.C. and its surrounding counties raised it to</i> …

Pope Francis 'Evangelii Gaudium' Calls For Renewal Of Roman Catholic Church, Attacks 'Idolatry Of Money'

(Reuters) - Pope Francis called for renewal of the Roman Catholic Church and attacked unfettered capitalism as "a new tyranny", urging global leaders to fight poverty and growing inequality in the first major work he has authored alone as pontiff.<p>The 84-page document, known as an apostolic …

Pope Francis denounces ‘trickle-down’ economic theories in sharp criticism of inequality

By Zachary A. Goldfarb<p>, Deputy business editor<p>Michelle Boorstein<p>, Reporter<p>Pope Francis on Tuesday sharply criticized growing economic inequality and unfettered markets in a wide-ranging and decidedly populist teaching that revealed how he plans to reshape the Catholic Church.<p>In his most …

Raising Taxes on Corporations that Pay Their CEOs Royally and Treat Their Workers Like Serfs

Robert B. Reich is Chancellor's Professor of Public Policy at the University of California at Berkeley and Senior Fellow at the Blum Center for …