Friday , 22 November 2024

Finance

Shocking: Most NBA Players Will Be Bankrupt Within 5 Years of Retiring! (+2K Views)

The average professional athlete in the U.S. will make more in one season than most of us earn in our entire lives yet, despite those staggering salaries, 78% of NFL players, 60% of NBA players and a very large percentage of MLB players file bankruptcy within five years of retirement. Let's take a look at 5 possible reasons why the average athlete is destined to go (quickly) from fame to shame.

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Have You Noticed? Stealth Taxation is Here! Here’s Why & Here’s How (+2K Views)

Financial Repression is a form of wealth confiscation and redistribution that is in some ways as effective as taxation - but the government never directly calls it that. It never appears in the budget (directly), and while it is dependent on a comprehensive network of laws and regulations - none of those go through the legislature with a stated intention of creating Financial Repression. So while the economic net effects are similar to a huge and comprehensive set of investor taxes being used to pay down the national debt, the "taxes" are never a campaign issue because voters and investors don't understand what is happening - they only feel the results. [In this article I lay out for you what is slowly developing and expected to escalate dramatically in the next few years.] Words: 5800

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How much can I spend in retirement without running out of money? (+2K Views)

According to the 4 percent rule, retirees who withdraw 4% of their initial retirement portfolio balance, and then adjust that dollar amount for inflation each year thereafter, can create a paycheck that lasts for 30 years. The concept has recently been criticized given the fact that the current crop of retirees are entering retirement during a period of historically low interest rates so the question of how much a retiree can safely spend each year is now more important than ever. This article reviews the original concept and puts forth a number of variations to help you answer the question put forth in the title: How much can I spend in retirement without running out of money?

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