The attacks on corporate America and its earnings by some politicians is dangerously misguided. When you mention this, left leaning supporters often note that most Americans don’t own stock. That’s somewhat true. […]
The House Ways and Means Committee is considering several changes to retirement rules. Among them is a change in required minimum distributions (RMDs) from age 70 1/2 to 72, This would delay […]
I’m not sure the purpose of Tweets like this. The are inaccurate and misleading. Nobody needs an employer plan to save and invest for retirement (although a match from the employer surely […]
Here’s the idea. 1. Take the market value of your house, and multiply by 0.3. That is the income you need in retirement. 2. Take that number, and divide by 0.04. That […]
The first pension plan was established in 1875 by the American Express Company. Pensions paid to workers were at the discretion of management. Imagine that in 2019? By 1950 about 25% of […]
