Home / Retirement

10 Retirement Tips

Written by Gary North on June 1, 2012

Robert Powell is the retirement columnist for MarketWatch.  He is OK. He sometimes offers some good tips. He has two major problems: (1) hardly anyone reads his column, and (2) of those who do, hardly anyone will take his advice. That’s because hardly anyone plans seriously for retirement. How do I know? Because most people […]

Continue reading →

Almost 50% of Workers Age 50+ Will Work Until Age 77

Written by Gary North on May 2, 2012

This report is a shocker: If you’re over-50 and looking forward to a wealthy retirement, think again. Chances are you’ll be forced to work for 11 years after reaching your state pension age if you want to keep up a decent standard of living. The shock warning that millions of workers are going to be […]

Continue reading →

Public Pension Fund Files Bankruptcy: The First Domino

Written by Gary North on April 30, 2012

The Mariana Islands are legally inside the United States — just not geographically. The retirement fund was $640,000,000 in the hole. So, it filed for bankruptcy. There will be many imitators. It was a defined benefits plan. Nobody sets these up any more. It was under 40% funded. That should have been a tip-off to […]

Continue reading →

County Pensions Pay More Than Original Salaries

Written by Gary North on April 27, 2012

California’s government borders at the brink of bankruptcy. It refuses to cut spending. But counties put the state to shame. In 20 counties, there is a practice called pension spiking. Senior bureaucrats arrange their final years to generate so much income that their monthly retirement checks are greater than their salaries were. The Los Angeles […]

Continue reading →

New Jersey State Pensions: $100,000 to $195,000 a Year

Written by Gary North on April 16, 2012

There are 1,200 people in New Jersey who pull pensions of more than $100,000 a year. Across the nation, the state pension systems are creating red ink for state and local governments. The unions negotiated these deals. Now the taxpayers are trapped. Of course,  they are not trapped. These states and municipalities can declare bankruptcy, […]

Continue reading →

Ding Dong Goes Your Pension

Written by Gary North on April 16, 2012

Ding Dongs are made by Hostess, which also makes Twinkies. It has filed for bankruptcy. It has now asked the union to take a shot in the head: radically reduced pension fund contributions from the company: from over $100 million a year to $25 million. If the union says no, the bankruptcy court will decide […]

Continue reading →

Tax Burden: 40 Million Government Workers

Written by Gary North on April 6, 2012

How many people work for governments in the United States. Let’s look at the numbers. The usual estimate of the number of employees of the U.S. government is 2.8 million. The estimate is fake. This does not count military personnel. But most important, it does not count contract workers paid by the federal government. The […]

Continue reading →
Page 9 of 11« First...«67891011»