Likely Result of Fiduciary Rule: You’re on Your Own, Grandma
(Kathy Hoekstra, Watchdog.org) With one eye on Washington and the other on their client list, the nation’s financial industry is already ramping up for the “fiduciary rule,” which dramatically...
View Article20,000 Union Members at Risk of Losing Pension Benefits
(Washington Free Beacon) Five union pension plans are heading toward bankruptcy in the next 20 years if the federal government does not approve benefit cuts to retirees. In March, four unions filed...
View ArticleSurvey: Baby Boomers Are $30 Trillion Short On Retirement Savings
(Zero Hedge) There are roughly 76 million Baby Boomers in the United States that are about to transition out of the highest wage earning years of their lives and into retirement where they’ll be making...
View ArticleDemocratic Appointees Reluctant To Give Trump More Judgeships To Fill
Statements are fairly remarkable as judges rarely interact with the press… (Kevin Daley, Daily Caller News Foundation) Two Democratic appointees to federal appeals courts expressed reluctance to retire...
View ArticleRomney Expected to Run for Seat; Orrin Hatch Retiring
Utah Senator retiring after four decades in office… (Robert Donachie, Daily Caller News Foundation) Republican Senate Finance Chairman Orrin Hatch of Utah announced his retirement Tuesday afternoon,...
View ArticleDebt-Laden Millennials Set Back by $140,000 vs Their Parents
And 24% of boomers have no retirement savings… (Zero Hedge) As ZeroHedge readers are doubtless aware, massive student loans have become an anchor around the necks of millions of young graduates – who...
View ArticleCourt Kills Obama Oversight of Retirees’ Savings Plans
Law favored large scale investors by encouraging fee-based services over commission based… (Daily Caller News Foundation) The Fifth Circuit Court of Appeals killed an Obama-era regulation mandating...
View ArticleMillennials are Math-Challenged with Their Career, Retirement Aspirations
Most think they will be able to quit working at age 53, after only starting to save for retirement at age 36… (Michael Barnes, Liberty Headlines) The Millennial generation has some interesting ideas...
View ArticleINSOLVENCY COMETH: Social Security Costs to Surpass Revenues Next Year
Medicare and Medicaid will be exhausted in seven years at the current rate… (AFP) The cost of Social Security, the US public retirement system, will outstrip its revenues next year for the first time...
View ArticleWill Inflation ‘Save’ Social Security?
Too many retirees depend too heavily on these dollar-denominated IOUs to take them through old age… (Stefan Gleason, Money Metals News Service) Uncle Sam is going broke. That’s not exactly news – at...
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