In 2011, the first of some 78 million baby boomers began retirement. By the year 2031, the last year of the boomer generation will reach their full retirement age (67). Many will consider moving to a less costly, low-tax state in an effort to reduce their living expenses. However, more than half of those on […]
Tag: "Early Retirement"
A CNN Money article highlighted a recent survey examining worldwide retirement trends. The survey, conducted by HSBC, found that 18 percent of Americans expect never to retire. This is only slightly lower than the 19 percent of British who expect never to retire, but much higher than the global average of 12 percent. When I first read […]
There is always a target for bad tax policy, and these days it seems to be the rich. Every scheme designed to raise tax revenue is usually based on taxing the rich more, taxing the poor less, and generally redistributing wealth so that society is fair. Sadly, however, the non-wealthy but frugal and hard-working citizen often […]
When I retired, Medicare became my primary health insurance, fully covered by American taxpayers (and federal debt-holders), while Anthem/Blue Cross became my secondary health insurance, fully covered by the University of California. I will never have to spend a nickel of my Social Security benefits or inflation-adjusted defined retirement income on my health insurance. But […]
No. Last month, Wells Fargo and Gallup released a poll on household investors’ opinions. Wells Fargo’s media release headline reads: “Low Rates Force One in Three Investors to Delay Retirement.” The Los Angeles Times reads, “Low Interest Rates are Hampering Retirement Plans.” Whenever I see these kinds of headlines, I like to get to heart […]