Despite an improved economy and rising employment, the picture is far from rosy for the average low- to moderate-income worker. Wages have stagnated or fallen. One in four jobs pays a low-wage of less than $23,283 a year and often lacks benefits.
You've celebrated your 40th birthday (or better). Now that you're older and wiser, you decide to start learning about retirement planning. You assume you still have plenty of time. After all, retirement is more than a decade away.
When you're in the trenches of a financial failure, filing for bankruptcy can feel like the end of the world. But if you take a step back, evaluate your situation objectively and make a plan, you'll quickly realize that your situation is not as bleak as it feels right now.
As adults start families later in life, financial needs for childcare, college saving and retirement seem on a tighter collision course than ever before.
While getting a child equipped for school is never a cheap date, for families who have a limited budget (or no budget at all) this time of year can be stressful, especially with a series of expensive holidays on the horizon.
We need to make sure those who do the people's work in Washington are actually doing it -- not worrying about former or future bosses at the public's expense.
The Fed is famous for raising rates prematurely, seeing ghosts of inflation. But there is no inflation on the horizon -- the bigger worry is deflation. In fact, the inflation rate is well below the Fed's own target of two percent. And the Fed is the only game in town. On balance, I think the opponents of a rate hike have the better argument. But consider for a moment that last assumption -- that the Fed is the only game in town. The larger issue, which is getting submerged in the great debate about raising rates, is that the Fed should not be the only game in town. With fiscal stimulus ruled out politically, pressure is on the Fed to be the sole engine of growth. Yet the central bank can only do so much.
First, are seniors getting real value in exchange for the high fees? The answer in most cases is "no". Second, can a senior who knows the ropes avoid paying excessive fees? The answer in every case is "yes."