24 Aug 2017

The Retirement Crisis Gets Worse

As the stock market continues to make gains, so does the retirement crisis. The latest evidence comes in the form of a new study  from CareerBuilder  and Harris polls shows that almost 8 out of 10 American workers live paycheck to paycheck to make ends meet. This is an increase of 

Chuck Epstein 0
03 Jul 2017

Why Retirement Planners Should Be Depressed

Good workers in a corporate society are commonly expected to bracket their personal biases and emotions when they enter the workplace. While this may be changing as more corporations adopt a “work-life balance” position, the majority of people in retirement planning industry, including writers who regularly cover this topic, have

Chuck Epstein 0
02 Jun 2017

Concerned About Jobs for the 21st Century? What About Retirement?

Robotics, automation, globalization, the Uber and gig economies have all captured the attention of anyone planning a career or their life over the future decades, but what is missing is the link between these new definitions of work and what happens when work ends. It would be logical to assume

Chuck Epstein 0
19 May 2017

Flynn’s Biggest Punishment: Revoke His Pension

Ask any public employee about their salaries and they will always mention their coveted pension. Public employee pensions are one of the last great perks for this employment sector. It is what keeps trash collections going, airplanes flying and the Pentagon staffed (some say, overstaffed) to its highest levels in

Chuck Epstein 0
18 May 2017

Whatever Happened to Longevity Annuities?

Once upon, in a galaxy far, far away, concerned elected officials cared about the retirement needs of their many millions of citizens. But those days are over. Today, retirement security continues to be an elusive goal for millions who most likely will never be able to retire and enjoy their

Chuck Epstein 0
05 May 2017

Baby You Can Drive My Car Because You Don’t Have One

Looks like it is official: The consumer purchasing frenzy is slowing down and one of the biggest victims is auto sales. According to Yahoo News, after eight years of strong sales, auto lending is slowing down as missed payments rise. That’s partly because subprime loans to people with credit scores

Chuck Epstein 0
06 Apr 2017

What the Ontario Pension System Can Teach Americans

One neighbor to the north has come up with a way to over-fund their state pension system, so why can’t it be repeated here? Bucking the industry trend, the Ontario Teachers’ Pension Plan announced it was 105% funded as of Jan. 1, 2017, its fourth consecutive year of being fully

Chuck Epstein 0
29 Mar 2017

Planning for Retirement Just Got Much Harder

If you thought planning for retirement was difficult, it just got a lot harder. That’s because saving for retirement must now account for two major life changes: you are living longer and you won’t make much on your investments. Now, living longer is considered a good thing since science and

Chuck Epstein 0
24 Feb 2017

The Darkest View of Retirement and Income Inequality

An earlier post on this site (Feb. 23, 2017) pointed out the retirement crisis in America is not getting any attention. But just because it is not getting noticed, it does not mean the crisis will go away. On the contrary, it will only get worse, aggravated by the nation’s wealth gap and attempts to alter Social Security,

Chuck Epstein 0
16 Feb 2017

Retirement Planning in the Trump Era

Even in the best of times, retirement planning is never an easy or fun task. Now, this task is being made more difficult because the Trump Administration and top Republicans are considering plans to cut Social Security, Medicare and Medicaid, reducing benefits, adjusting tax brackets and deductions, raising the retirement age,

Chuck Epstein 0