by Rupe | Oct 16, 2016 | Money Matters
Millennials are a critical group in terms of where the economy goes in the next few years. The economy largely relies on younger people to spend and purchase consumption items. Think of a young couple buying their first home. That in itself is a big purchase. Then comes big ticket items like
Source: The Millennial Conundrum
My Thoughts: Very concerning times ahead. For those of us with kids, we have to start the crucial work of helping them navigate the future without full blown economic incare.
by Rupe | Oct 5, 2016 | Money Matters
You can retire safely when you have 25x your annual expenses invested in income generating assets
At a time when many struggle to save enough for a comfortable retirement, there are a few people who can not only retire comfortably but can do so earlier than the expected 65 years old.
Source: Securing an Early Retirement: The Blogosphere’s 7 Best Lessons
My Comments: Generally agree with the points here. Primarily start early and stay disciplined (hard for most to do). Do both and you are pretty much guaranteed – I promise.
by Rupe | Oct 5, 2016 | Money Matters
The most common mistakes that people make begin well before retirement and they all fall into 1 of 2 categories. The first is simply not having a plan or thinking “I’ll get to it later,” and the second is having a flawed plan.As a Certified Financial Planner for Personal Capital, I see too many people who focus on their present financial situation or the few years that lie just ahead. They don’t “look out” to what seems like the far horizon of retirement.
Source: Look Out! Retirement Mistakes are Easy to Make | Daily Capital
My Source: Another good article from Personal Capital. I have been watching PC for sometime. I personally use Betterment, but the information put out by PC is applicable regardless of who you trust to help you with your investment planning.
by Rupe | Oct 5, 2016 | Money Matters
At every career stage, it’s all too easy to get caught up in the excitement of new money and forget about re-evaluating your retirement plan.
As we start, grow, and end our careers, our focus shifts toward different goals. Unfortunately, during many career stages, retirement planning isn’t on the forefront of our list. As someone who has botched the early stage of my career, I can tell you how important a solid retirement plan can truly be
Source: Retirement Lessons Learned From Botching Savings Early In My Career
My Comment: Really good insights into what are some of the things to watch out for. You have to take your future seriously and start planning early.
by Rupe | Oct 4, 2016 | Money Matters, Social-Race Issues, World Affairs
We’ve known for a while that black Americans aren’t making economic progress. A recent report from the Economic Policy Institute, a left-leaning think tank, shows that the black-white wage gap is now the widest it has been since 1979. What’s more interesting, though, is how inequality has been increasing, and for whom.
Source: Why black workers who do everything right still get left behind
My Comments: Really interesting study – will have to look more deeply at this.
by Rupe | Jul 13, 2016 | Money Matters
The stock market just hit another record high. Yet only half of Americans actually own any stock. Real estate prices are ebbing closer to their previous bubble peak. Yet the homeownership rate is down. The unemployment rate is down dramatically but we have over 94 million Americans not in
Source: With a recovery like this, who needs a recession: 62 percent of Americans don’t even have $1000 in savings.
My Comments: I have been a bank teller so this hit very close to home. The inequities grows, something must give.
