Help The Middle ClassNews and Information For The Heart Of America
10 Ways To Ruin Your Retirement Plans
Retirement should be a time to relax and enjoy the fruits of a lifetime of labor. Unfortunately, for many people bad decisions push the retirement horizon out of reach. As such, it is imperative that individuals understand the effects of these bad choices and take steps to avoid them. Let’s examine 10 mistakes that can [...]
6 Easy Steps To Retiring With $1 Million
Let’s face it; we all don’t make millions of dollars a year, and the odds are that most of us won’t receive a large windfall inheritance either. However, that doesn’t mean that we can’t build sizeable wealth – it’ll just take some time. If you’re young, time is on your side and retiring a millionaire [...]
Most Babies Born This Century Will Live To 100
Most babies born in rich countries this century will eventually make it to their 100th birthday, new research says. Danish experts say that since the 20th century, people in developed countries are living about three decades longer than in the past. Surprisingly, the trend shows little sign of slowing down.
In an article published Friday in [...]
Early Retirements Strain Social Security System
Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that’s happened since the 1980s.
The deficits — $10 billion in 2010 and $9 billion in 2011 — won’t affect payments [...]
Bankrate Money Makeover: One Couple Tries To Retire Early
Joanne DeWald, 43, and her husband Pat Schintz, 50, of New Jersey, are seeing some rebound in their investments after the losses of 2008. Still, they wonder if early retirement is in their future. Joanne and Pat work for the same manufacturing company — Joanne as a graphic designer for more than 20 years, and [...]
Taking Care of Aging Parents Without Going Broke
Denise Egebrecht needed a break.
It had been three years since her 86-year-old mother, Eleanor Schwartz, moved in with her and her husband in their home in Johnsburg, Ill. Mrs. Schwartz has Alzheimer’s disease and has trouble moving around, so Mrs. Egebrecht helps her mother with her shower each day, makes sure she’s fed and takes [...]
Helping Elderly Leave Nursing Homes For A Home
Walter Brown never wanted to live in a nursing home, but when he had a stroke two years ago, he saw little choice. Mr. Brown, 72, could not walk, use his left arm or transfer himself into his wheelchair.
“It was like being in jail,” Mr. Brown said on a recent afternoon. “In the nursing home [...]
MONEY MAGAZINE: What You Need To Know About Social Security
You’ve probably spent a lot of time sweating over your 401(k) and IRA. But have you given much thought to the way Social Security will fit into your retirement plans?
You should. In fact, Social Security provides 50% of the income for more than half of married retired couples and about 20% for high earners. Moreover, [...]
POTUS Gives Advise To Retirees
President Obama, noting that millions of Americans do not have enough savings to cover their retirement, announced a package of initiatives on Saturday to spur increased savings.
The administrative actions, which do not require new legislation from Congress, are intended to make it easier and more automatic for people to put money into tax-advantaged retirement accounts.
“The [...]
3 Savvy Ways To Save Money
With home equity evaporating like dry ice on a hot day, many Americans no longer can rely on their homes as a source of quick cash. Likewise, credit card issuers are lowering credit limits for many consumers, imposing constraints on spending.
Americans are realizing that the spending party is over and it’s time to build wealth [...]
