The Financial Translation Chronicles
The Discernment of the Financial World. Ideas and concepts that help my generation to understand the financial world.
Wednesday, March 30, 2011
Monday, November 22, 2010
Last-Minute Tax Savings for 2010 - Kiplinger
Friday, October 29, 2010
The New Retirement Realities for Generations X and Y - Kiplinger
Young adults like us face tough financial realities today. For example, 10% of 2008 college graduates left school with $40,000 or more in student debt, and paying it off is harder than ever. Get this: The median income for 25- to 34-year-olds in 2009 was $50,199 -- 7.6% lower than it was in 1999, after adjusting for inflation.
And I’m here to warn you that other trends add up to even more financial challenges in the future. But should we give up hope that we’ll ever retire comfortably? Heck no. Quite the opposite: Those of us who accept these unfortunate economic realities now can take control of our finances and overcome hurdles we’ll surely encounter in the future. Here are three challenges that Generations X and Y may face in retirement and how we can deal with them:
Read more: http://www.kiplinger.com/columns/starting/archive/new-retirement-for-generation-x-y.html#ixzz13mUsF0q4
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Thursday, August 26, 2010
Why Not to Quit Stocks Altogether - Kiplinger
12 New Rules for Your Money - Kiplinger
12 New Rules for Your Money
In this era of high unemployment, flat home prices and do-it-yourself retirement savings, some traditional rules of saving and investing are due for an overhaul.
Sunday, August 8, 2010
Secrets to Maximizing Social Security - Kiplinger
It's official: High unemployment and a resulting decline in payroll-tax collections have taken a toll on the Social
There will still be plenty of reserve funds to continue paying full benefits for nearly 30 years. But without reforms, the trust fund is projected to run dry around 2037, when tax revenues will be sufficient to pay only about three-fourths of promised benefits. "The sooner action is taken, the more options will be available and the fairer reforms will be to our children and grandchildren," Treasury Secretary Timothy Geithner said in response to the trustees' report. Reform proposals include raising the retirement age for full benefits to 70, changing the formula for calculating annual inflation adjustments of benefits, and lifting the cap on the amount of wages -- currently $106,800 -- subject to Social Security taxes.