Personal Finance

Welcome to the new model of retirement. No retirement. In 1983 sixty two percent (62%) of American workers had some kind of defined-benefit plan. Today less than 20% have access to a plan. The majority of retired Americans largely rely on Social Security as their de facto retirement plan [and the 35 and younger cohort are not able to save, or save enough, to eventually retire. True retirement is now a thing of the past except for a privileged few. Let me support this claim.] Words: 1091

Regular home buyers are wondering why they are unable to partake in the American Dream of owning a home now that they actually have to document their income and put some skin in the game. The reason is that the current median selling price of $201,000 puts real estate out of reach for most Americans earning the typical $50,000 a year unless they go into massive levels of debt. They are too broke to own a home!

If you're not yet familiar with the Santa Claus Rally, First-Five Days, and January Barometer gauges, it's about time you should. These gauges, together and alone, have a very impressive predicting power, whether you we believe in Fortune Telling/Tellers, or not.

Spend 15 minutes and make sure you’re doing all you can to take advantage of 2019 and setting yourself up for a successful 2020.

I recently discovered a video entitled 10 Myths About Government Debt that lays out several reasons why we are in real trouble. I encourage you to watch this 21 minute video. The most troubling assertion in the video is that our nation’s usual sources of loans are tapped out…[and that] the only source we have left is the Federal Reserve, which means …

…Asset allocation…explains 100% of investment performance – yes, all of it. Accordingly, most of your time, energy and money should be spent on asset allocation…and a plan for asset allocation is called an investment policy. …Asset allocation are risk decisions designed to achieve objectives with an acceptable likelihood…This risk decision is called “risk willingness” or “risk necessity” and needs to be …

An alarming number of Americans aren’t saving for retirement. They may have “predicted the rain,” but for whatever reason they haven’t gotten around to “building the ark.”

In the 50+ year history of this data series, there has never been such an ugly period of contraction since the Great Recession. The contraction ended shortly after the downturn, within a couple of years, depending on the age cohort. The 2017 data gives hope that household incomes are continuing to increase at a sustainable pace and will not begin declining in the near future.

The prime rate is the best interest rate that major banks extend to their borrowers with the best credit. Find out how the prime interest rate affects you.

We are now coming to the end, after over 100 years of a fake financial system, created and controlled by the bankers for their benefit. The build up has been long but the end will be fast and extremely painful.