A new Wells Fargo survey of over 1,000 millennials ages 22 to 35 finds a majority of women (61%) say their finances are stretched too thin to save for retirement. In fact, about 44% of women say they are not currently saving for retirement at all....
Your Tax Dollars at Work
Some food for thought for your Tuesday…
The following is a chart from the website, The Budget Book. It illustrates that by their calculations, by 2031 all projected tax revenues would only be enough to pay for 3 federal programs (Medicare, Social Security and Medicaid) and interest we owe on our national debt....
Live Long and Prosper?
When Twice is not as Nice
Though not a huge fan of them myself, there are those out there who would feel a lot better about their retirement security if they had a guaranteed source of income, and thus they purchase an annuity.
Like with pension plans, annuity companies use a factor to translate your lump sum of money into an income stream they will pay you over your lifetime....