It is becoming more and more clear that that many cities and states will never be able to fulfill their pension promises. Over the past 20 years most states and many cities have been increasing pension benefits. These benefits plus health care for public employees is at an unsustainable pace. This will eventually lead to […]
In total, there are approximately 2.1 million non-postal civilian federal employees working in 2018. Meaning over 2.1 million government jobs. On top of that, there are a significant number of government contractors, though the exact number isn’t known. There is often significant debate regarding whether federal employees or contractors are better off financially. Each situation […]
Do you want to be rich? Then it’s a good idea to live beneath your means. However, living a rich life doesn’t have to mean spending a ton of money. In fact, you can live a rich life on a fixed income and even while broke. Nothing is impossible. Living a Rich Life on a […]
As of 2015, according to data from the US Census Bureau, approximately 47.8 million Americans were over the age of 65. An additional 8.7 million people were receiving Social Security Disability benefits during 2017, based on information from the Social Security Administration. While many of those people collect financial benefits on a regular basis, not […]
People invest as a means of securing their financial future, providing them with a source of money at the right time. Outside of retirement accounts, you typically have a lot of power when it comes to choosing to cash out your investments. But how do you choose the right time to cash out of your […]
Yes, you make money investing in art and antiques and have fun while you do it — if you’re savvy about things. Although the rate at which antiques appreciate hasn’t been benchmarked, fine art has delivered an average annual return of 8.9 percent since 2000, according to Artprice.com. To achieve anything comparable requires does require […]
Around 63 million Americans currently receive money from Social Security. Some of it goes to retirees and their dependents, another chunk to disabled workers and their families, and a final portion to widows and survivors of the deceased. Social Security can feel like a complex system, and many women have questions about how it works. […]
Most people know that the earlier they start saving for retirement, the better. But, life happens. Maybe you didn’t earn enough to contribute to your retirement in your 20s or 30s. Maybe a financial disaster meant you had to withdraw your savings, sending you back to zero. Then, suddenly, you’re 40 with no retirement account. […]
Maybe you should rethink whether it’s in your best interest to postpone your retirement. Although people have been retiring later and also planning to work part time during retirement, ilness or layoffs often force people to retire before they had planned or go on disability. Unfortunately, this is arising at a time when the federal […]
In a world of misguiding money advice, how do you find the right personal finance book for you? Covering everything from saving money to the consistent habits of the wealthy, these personal finance books offer a wealth of tried and true advice. Listed in no particular order, each book offers sound council rooted in experience; no frills, […]
