Three decades of stagnant middle-class incomes, disappearing pensions, limited ability to start and maintain personal savings, and the failure of the 401K experiment lay the foundation for a retirement crisis that could further threaten millions of older Americans and their families.
As you're wrapping up your finances for 2013, you may want to think about making a few moves that could mean more money for retirement, a smaller tax bill and perhaps some new eyeglasses.
Why does the government want to keep rates in the basement? They want to get business to unleash their stash of cash (currently over $1 trillion) and create more jobs. By many accounts, that action is working.
Tax and estate laws have changed and are likely to change again with little notice. Now is the time to insure one's planning documents are up to date and flexible, and to execute on the strategies to save and grow wealth today and in the future.
I'm approaching a point where my kids are almost grown and I have a whole new blank chapter to write. Where will I go? What will I do? Who will I become? I could really do anything. Or be anyone. Do I want warm? Water? Country? City? Do I want to start a new adventure or a new career or business?
As part of the deal to end the government shutdown, continue funding the government until Jan. 15 and extend the debt ceiling until Feb. 7, Congress convened a budget conference committee between the House and Senate with a goal of reaching agreement on a budget by Dec. 13. The future of Social Security and Medicare are at stake.
The only thing more frustrating than the media's refusal to cover America's retirement crisis is that the trade group for the mutual funds who manage 401(k) assets continues to insist that the crisis doesn't exist.
High in the Andes south of Quito, artisans in the farming community of Tigua have been decorating drums and masks in remarkable color and detail for centuries. About 40 years ago, someone in Tigua had the idea of painting on sheepskin, and these works of art are now widely collected and prized for their vibrant depictions of all kinds of festivals.
With Thanksgiving now behind us, the new year is right around the corner. As you begin to consider resolutions for 2014, don't forget there's still time to make some personal finance moves this year that could pay off well beyond 2013.
Lately I've been floating on this nostalgic sensation, remorseful over this time period even though it isn't over. I simply cannot put into words how ...
Flying always makes me feel a bit like Indiana Jones heading off for adventure... And Belize is definitely one of my favorite countries for adventure.
Warren Ogden couldn't afford to set up his ideal business in the U.S. Yoga and fitness had been part of his life for years. He had studied it at Duke University in North Carolina -- and later in India, at the Agama Yoga centers in Rishikesh and Dharamshala. He completed his yoga teacher training at the Holistic Yoga School in Boulder, Colorado. So he decided to open it somewhere else.
It may sound strange at first -- aren't most expats who move abroad retirees? Don't they have pensions and Social Security and savings to live on? Aren't their lives overseas already 'funded'?
When we first started visiting Belize's Placencia peninsula more than two decades ago, small towns here were no more than sleepy fishing villages. The only tourists were serious divers and fishermen. Today, things have changed.
Every couple of weeks the thought strikes us... the Internet has changed everything, including the expat experience. It struck us again just last night as we were sitting at home watching the World Series.
In the past two days we've seen a federal judge rule that Detroit can go bankrupt, putting its workers' pensions in jeopardy, and we have seen Illinois' legislature vote for substantial cuts in its retirees' pensions. Undoubtedly these two actions are just the tip of the iceberg.