This demographic trend combined with longer life expectancies due to medical advances and a historically low birth rate have helped to create a perfect storm for potential future insolvency.
Good speech? Bad speech? That's irrelevant. And it's not important what you think of the president either. What's more important is what will actually impact your company. And based on the above, some of what the president discussed will impact you. That's what you should be thinking about as you begin this new year.
How you handle your money early on in life -- from being a stickler about adhering to a monthly budget to starting to save for retirement as soon as possible -- can lay the groundwork for a strong financial future.
Leverage is why we bought the house, especially if some of us didn't plan for retirement, as we should have done. If you're not leveraging it, that equity has no value.
There was a rocket scientist in the audience and he looked skeptical. His father was a client of mine who insisted I was teaching great things about manufacturing wealth, but he felt like his finances were already in order. Finally he agreed to hear me speak.
Although a lot of us may try to forget our age as the years go by, when it comes to reaping the financial rewards of getting older, you're wise to keep certain age-related milestones top of mind.
As a wealth manager, I deal with a lot of very wealthy people. Many of them will never have to work out of financial necessity, nor will their children or grandchildren. So they all must be happy all the time, right?
I first recommended Panama as a top choice for living, retiring, investing, and doing business overseas more than 15 years ago, and I'm more bullish on this country's prospects and the opportunities it offers today than ever.
Most of us know we should save more money than we're currently saving ... but that's easier said than done. If you feel like you're scrounging for change and can't figure out how to possibly save more, don't despair.
If you're self-employed, then you likely have irregular income. Let's face it: Budgeting sucks. So here are a few creative ideas on budgeting when some moths are flush while others are lean.
It's that time of year when we assess the old and look forward to the new. And if your plans for the New Year include finally getting serious about living a happier, healthier, more affordable life overseas, we have five important steps you can take in 2015 to position yourself for success.
Sometimes stereotypes become so widely accepted that nobody takes a step back to actually examine the sweeping generalizations to see if they hold any truth. This is especially true of millennials.
I've struggled with fulltime retirement. I've read the articles and books; researched employment possibilities; agonized over the gap between what I am qualified to do and what I am willing to do; edited my long (too long!) resume; talked with acquaintances and family members; and followed my own intuitive direction.
Here are some suggestions to help you figure out where you are on the pre-retirement spectrum and some changes you might consider.
Do we just fasten our seatbelts for a bumpy ride, or is there a way to smooth the path ahead? In this interview, Alan Taylor discusses his findings and suggests ways to safeguard the financial system.