The big Wall Street banking and investment firms—the same fine people who brought us the subprime credit meltdown and the mortgage crisis—are now lobbying lawmakers to allow them to buy up and manage your pension fund money. According to a recent Business Week report, roughly $500 billion—that’s half a trillion dollars—is currently sitting in so-called …
Future retirees beware: Wall Street is after your pension money Read More »
Rep. John “Randy” Kuhl (R-NY) is keenly aware of the health care crisis facing future retirees. As corporations eliminate health care coverage for retirees, many people on fixed incomes are forced to choose between food and medicine. But his proposed means for dealing with the problem—tax-favored accounts similar to IRAs that allow people to save for future expenses—offers only a tiny band-aid, not a real solution. What is needed is real insurance with no ifs, ands, or buts.
For many, the dream of retirement in a warm paradise in the sun seems far out of reach. But Costa Rica offers countless Americans, Europeans, and Canadians (among others) the chance to retire in a beautiful, tropical climate; and unlike many other overseas destinations, this small, stable Central American country is both affordable and relatively …
Do you trust that they have your best interests in mind? And that they won’t leave you with this? If so, then just sit back and do nothing, and surf the Web somewhere else. A special message from the executive director of AAFR, the American Association of Future Retirees: Dear Fellow Future Retiree, Let’s face …
Do you really want to leave your retirement future in the hands of the politicians? Read More »