by MoneyMasterPeter | Mar 10, 2017 | Estate Planning, Financial Organization, Money, Retirement, Spending
Here are the U.S. statistics on how workers plan for retirement: 3% don’t have any idea 47% do their own calculations or use a financial adviser 50% just guess To help you avoid guessing, I offer two different ways to approach how to calculate retirement needs...
by MoneyMasterPeter | Apr 1, 2016 | Investing, Retirement, Savings
Do you have any idea how expensive it is for an employer to establish a pension plan for a policeman today? Let’s say you are a policeman aged 25, and your salary is $40,000 a year. Your employment contract says that after 25 years of service you are entitled to 75...
by MoneyMasterPeter | Oct 26, 2015 | Money, News, Retirement, Savings
The state of Illinois is broke. That is according to economist, James Dale Davidson, who just spoke yesterday on what is happening to employees that have worked for the state, stating that their retirement paychecks will not be sent out next month. What’s the...
by MoneyMasterPeter | Oct 22, 2015 | Money, Retirement, Savings, Tax
At the following link, you can compare U.S. cost of living and income city by city. The calculator shows, for example, that a $90,000 salary in San Francisco or Seattle is like having a $50,743 or 66,949 salary, respectively, in Salt Lake City. Here is the link:...
by MoneyMasterPeter | Jul 8, 2015 | Retirement, Tax
A few weeks ago I noted in my blog, The Real Reason for the U.S. Retirement Crisis, a lack of stable income as the reason most Americans will not be able to count on a decent retirement — it will be the next big financial shoe to drop in this country. This lack...
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