A hub for independent voices and hard truths
The IRS has issued a notice reminding retirees aged 73 and older to take required withdrawals from retirement accounts before a Dec. 31 deadline or face the prospect of hefty penalties. The agency said in a Dec. 10 notice that …
You may be surprised to learn that housing is now “the civil rights issue of our time” according to some activists. The problem with activists like this is how they want the problem solved. They want more government involvement and …
⚠️US FOOD INFLATION IS BACK⚠️ Food prices rose by 0.4% in Sep, the biggest jump since February 2023. 5 out of the 6 major grocery store food group prices increased with eggs jumping as much as 8.4%. Over the last …
https://twitter.com/MichaelAArouet/status/1843973053879132284 As of recent data, over 20% of the population in many European countries is aged 65 and older. This trend is due to a combination of low birth rates and increased life expectancy, leading to an aging population. This …
Just about everyone has a view on China’s economic troubles. Its deepening property crisis, deflationary currents, and increasing protests are all Asia observers can talk about. Yet one very important voice is barely saying a word about the state of …
Is the dream of a work-free retirement gone for good? A new study reveals that more than one in three retired Americans are going back to work – and not because they miss the daily grind… From Peter Reagan for Birch …
2024 is not looking like a good time to retire. Today we consider 3 red flags that are enough to make you reconsider any plans you may have for the next year or two… From Peter Reagan for Birch Gold Group …
The five years before and after retirement are the most crucial for the long-term success of your retirement plan. Here’s why the “Retirement Red Zone” determines whether you’ll enjoy your golden years in peace, or spend them desperately scrambling for …
A pension investigator asserts that under Minnesota Governor Tim Walz, the state’s public school teachers’ retirement system has been manipulating financial reports by significantly understating the annual fees paid to Wall Street investment managers and showing unrealistically high returns, according …
They wouldn't need anything if their retirement funds weren't being inflated (stolen) from them ‼️👀👇https://t.co/Fwji8uURdJ — CJK (@CJKonstantinos) July 29, 2024
When comparing generational wealth, millennials own a much smaller share of wealth than baby boomers did at the same age. Reports show that millennials own less than 5% of the nation’s wealth, whereas baby boomers owned about 21% at the same …
Retirement often brings to mind peaceful images of relaxation, leisure, and financial security. Many people see their retirement years as an opportunity to pursue long-held passions, spend time with family, and enjoy the rewards of their hard work. However, for …
How much should you save for retirement? There are no perfect answers – and lots of wrong ones. Before deciding how much to save, ask these 4 questions … From Peter Reagan for Birch Gold Group | Reading time: 6 minutes It’s …
by Michael The Social Security program was instituted to help elderly Americans thrive during their retirement years. Unfortunately, millions upon millions of retired Americans are finding that their monthly Social Security payments are simply not enough as the cost of …
A new AARP survey finds that 20% of adults ages 50+ have no retirement savings, and more than half (61%) are worried they will not have enough money to support them in retirement. The findings also reveal a decline in overall sense …
The U.S., which once stood as a beacon of prosperity, is now trailing behind in the retirement race. What was once seen as an epitome of the golden age has now slipped out of reach for many Americans. Just imagine …
Amid market uncertainty, retirement funds opt for safer bonds, while global managers increase commodities exposure to hedge against volatility. Amid market uncertainty, retirement funds opt for safer bonds, while global managers increase commodities exposure to hedge against volatility. Meanwhile, despite …
From Peter Reagan for Birch Gold Group Social Security and Medicare benefit programs are in big financial trouble, and have been for quite some time. The recent 254-page report issued by the Treasury Department revealed the most-current summary of the incredible shortfalls that the …
This is a sad story about a guy that got laid off at ~50 and can’t find a job. He says he realizes that when he runs out of money his only choice will be to pack it in. Too …
Chronic inflation hinders millions of Americans’ ability to prepare for their financial future, according to a new study published by Allianz Life. Findings from the Allianz Life Insurance Company of North America show that U.S. households are draining their retirement …
BlackRock, which had over $10 trillion in total assets under management at the end of last year, oversees the largest retirement funds in the U.S. Read more: https://t.co/PAWap6GET3 — unusual_whales (@unusual_whales) March 29, 2024 With the debt-to-GDP rising to the …
A silent crisis is forming under the surface of a broken economy and collapsing financial markets: America’s growing population of baby boomers may never have a chance to retire. We’re on the verge of a national retirement crisis that will …
BlackRock Chair Larry Fink said capital markets can help solve a crisis brewing around the ability of Americans to afford retirement as lifespans elongate, and that the government can provide a basic safety net. In his annual letter to shareholders …
New data from Vanguard shows that Americans are pulling a record amount of money from their retirement accounts to pay their bills. Most notably – the share of customers making an emergency hardship withdrawal from their 401k spiked to 3.6% …
The share of people who withdrew from their 401(k) for financial emergencies surged to a record high in 2023 as Americans looked to counteract rising prices and shrinking paychecks, according to The Wall Street Journal. Around 3.6% of 401(k) participants …
via Lance Roberts As the financial markets grind higher, retirement savers have consciously decided to add more to equity risk. Such was the result of a recent Bloomberg survey. “Retirement savers want more stocks in their portfolios as a hedge against inflation, …
As we step into 2024, a notable trend is on the horizon – it’s set to be a record year for retirements in the US. An estimated 11,000 Americans per day will be marking their 65th birthday, signaling a significant …
American workers facing financial hardships are increasingly tapping into their retirement accounts, with hardship withdrawals surging by 30% last year. As a result, one in six workers now has an outstanding loan on their retirement, significantly impacting average 401k balances …
