Social Security was established in 1935, due to so many elderly people going hungry during the Great Depression. President Roosevelt felt people were losing hope. The Welfare Department was established and Social Security began. In the past, FICA tax paid into the...
Most employees do not know what their Social Security benefits will be. They don’t know what their 401(k) will provide for them at retirement, nor when they will be out of debt. Few employers provide disability insurance if you get hurt or sick, so what will happen...
You work hard to save money on a tax-deferred basis so you will have more money after tax. Then you go to retire and have to pay tax on 100 percent of the money you take out of the 401(k). So if you thought paying taxes on your annual income was horrible, wait until...
This illustration of plaque buildup in the arteries makes me sick. Millions of people have plaque that has the potential to cause huge health problems. The same can be said about the “financial plaque” that so many people carry around with them. They...
Habits help us do things more easily, with less effort. They cause us to automatically slam on the brakes of our car when we see a ball and small child run out into the street just ahead. Habits have helped us become right- or left-handed and do things efficiently...
Healthcare costs are much higher because older workers are not retiring. They stay on and keep their health insurance and take up a place of employment that would normally go to a younger person. This is why younger folks are having a harder time finding employment...
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