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The Coming Retirement Crisis Will Affect Everyone
The Coming Retirement Crisis Will Affect Everyone We are on the cusp of a retirement crisis that will affect everyone. Far too many promises have been made and the demographics we face do not bode well for a bright future. The answer that some people tout is we should have more children or open the […]
Retire early… to save the planet?
Retire early… to save the planet? If it’s not this, it must be the opposite. How often do you witness this sort of thinking? When I pay attention I find it’s everywhere, framing nearly every argument. Author Daniel Quinn calls it two-handedness: imagining there are only two options, usually framed as opposites. Democrat or Republican. […]
Doug Casey on the Year the World Falls Apart
Doug Casey on the Year the World Falls Apart Justin’s note: It’s “Totally Incorrect” week here at Casey Research… We’ve shared Doug Casey’s uncensored insights – on topics ranging from the climate change hoax to the next 9/11-type event. But today’s essay may be the most controversial one yet… Doug says a disaster of historic proportions is on the […]
Will Your Retirement Efforts Achieve Escape Velocity?
Will Your Retirement Efforts Achieve Escape Velocity? Sadly, most of us will outlive our savings The concept of ‘retirement’, of enjoying decades of work-free leisure in your golden years, is a relatively new construct. It’s only been around for a few generations. In fact, the current version of the relaxed, golfing/RV-touring/country club retirement lifestyle only […]
Book Excerpt: How You Got Screwed
Book Excerpt: How You Got Screwed Chapter 4: How you’re getting screwed by…Retirement Promises The Point: Most people have an expectation that they’ll be taken care of later in life thanks to government programs like Social Security and Medicare, private or public pensions, or through their own efforts to build up their net worth. In […]
The Importance Of Knowing
The Importance Of Knowing Without insight, action is useless At Peak Prosperity, we strive to help people advance in three key areas: Knowing, Doing and Being. Doing and Being are the resilience-building steps we recommend. Helping folks develop their own personal action plans in these areas is the main focus of the seminars we run. […]
The Great Retirement Con
Shutterstock The Great Retirement Con Frankly put: retirement is now a myth for the majority The Origins Of The Retirement Plan Back during the Revolutionary War, the Continental Congress promised a monthly lifetime income to soldiers who fought and survived the conflict. This guaranteed income stream, called a “pension”, was again offered to soldiers in […]
Stagnation Nation: Middle Class Wealth Is Locked Up in Housing and Retirement Funds
Stagnation Nation: Middle Class Wealth Is Locked Up in Housing and Retirement Funds The majority of middle class wealth is locked up in unproductive assets or assets that only become available upon retirement or death. One of my points in Why Governments Will Not Ban Bitcoin was to highlight how few families had the financial […]
Red Flag Warning: These California Wildfires Are ‘Among The Most Destructive Fire Events In US History’ And They Are About To Get Even Worse
Red Flag Warning: These California Wildfires Are ‘Among The Most Destructive Fire Events In US History’ And They Are About To Get Even Worse The wildfires that are roaring through northern California are already “among the most destructive fire events in U.S. history”, and by the time it is all said and done this could […]
Global Retirement Reality
Global Retirement Reality Global Shortfall UK Time Bomb Swiss Cheese Retirement Pay-As-You-Go Woes Lisbon, Denver, Lugano, and Hong Kong Today we’ll continue to size up the bull market in governmental promises. As we do so, keep an old trader’s slogan in mind: “That which cannot go on forever, won’t.” Or we could say it differently: […]
The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America
The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America Are millions of Americans about to see the big, juicy pensions that they were counting on to fund their golden years go up in flames in the biggest financial disaster in U.S. history? When Bloomberg published an editorial entitled “Pension Crisis […]
Simultaneous Elderly Overpopulation, Youth Depopulation & The Impact on Economic Growth
Simultaneous Elderly Overpopulation, Youth Depopulation & The Impact on Economic Growth Strangely, the world is suffering from two seemingly opposite trends…overpopulation and depopulation in concert. The overpopulation is due to the increased longevity of elderly lifespans vs. depopulation of young populations due to collapsing birthrates. The depopulation is among most under 25yr old populations (except Africa) […]
Seniors going bankrupt in soaring numbers
Seniors going bankrupt in soaring numbers More Canadians are outliving their savings and spending their golden years in debt Judy Southon never imagined it would come to this. She and her husband Vic had good jobs, raised a son and were homeowners. But after a run of bad luck, the 67-year-old wound up deep in debt and […]
Younger workers more likely to see less income in retirement, CIBC says Average person born in ’80s and after may see only 70% of pre-retirement income, economist Benjamin Tal says
Younger workers more likely to see less income in retirement, CIBC says Average person born in ’80s and after may see only 70% of pre-retirement income, economist Benjamin Tal says Urgent attention needs to be given to what Canadians can expect to get in retirement income — something that’s become a real divide along generational lines, […]
The First-World Fear That Makes Life Harder
The First-World Fear That Makes Life Harder Here in the so-called First World, we give up a lot because of an exaggerated fear of a particular feeling. It’s usually pretty subtle, but I see this fear made explicit whenever Mr Money Mustache or other early-retirement advocatesget national news coverage. The comment sections of these major publications are always vile, […]