In February of 2015, President Obama called on the Department of Labor (DOL) to update the rules and requirements for retirement advice. The administration stated that its goal would be to end loopholes that allow some advisors to put their own profits ahead of their clients’ best interests. In response to this request, the DOL … Continue reading
“The facts as I see them are clear and damning: Baby boomers took the economic equivalent of a king salmon from their parents and, before they passed it on, gobbled up everything but the bones.”— Jim Tankersley, correspondent for The National Journal Is the baby boom generation reaping more than they sowed? After the end … Continue reading
Most experts would agree that a majority of people are not taking their retirement funds as seriously as they should. Data collected by the National Institute of Retirement Security (NIRS) shows that people today are not saving nearly enough to fund a long and healthy retirement. According to the NIRS, “92 percent of working households … Continue reading
The graying of America is not a new fear for economists and politicians. Before even the earliest Baby Boomers began retiring, economists were making predictions about the hardships America would undoubtedly face as it aged. Many say those problems have already begun, while others argue they have been over exaggerated and prematurely predicted. The American … Continue reading
A wave of high-profile retirement announcements continues to sweep through Congress. Consequently, there will be significant shifts of power within both chambers, as well as electoral developments that have the potential to change which party controls the Senate in the 114th Congress. New committee chairmanships and open-seat elections will have significant implications for both the … Continue reading
Investing in art is not something for the common man, not even most millionaires. The decision to invest in art is not for someone who is trying to make a quick buck and put it towards their retirement; a bidder at highbrow auctions, spending over $100 million on paintings, is a different breed of investor. … Continue reading
The recent debates on retirement policy are anything but productive. The main points revolve around the rising debt and health care costs, as well as increasing the retirement age. While these concerns are important, retirement policy in the United States (and in the world) needs another look. More and more people are living to the … Continue reading
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