I’ve heard this one several times before: everyone’s becoming a millionaire. It goes right along with the idea that the rich are getting richer and the poor are getting poorer. These days, that certainly seems to be the case. Some of us are watching the numbers on our quarterly statements getting bigger, while the rest [...]
Michelle Singletary wrote about the power of compound interest. She says she wishes she hadn’t invested so heavily in bonds when she was younger. While there is something to learn from her mistake, she apparently did something very right in her youth.
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With the first grey hairs appearing on my head, I’m forced to think about the future of my career – perhaps 10 years sooner than I really should. I’ve been the sad witness of 50-somethings (and perhaps one 40-something) who have lost their jobs and have had a very hard time regaining employment. The hard [...]
Part of the American Dream once included working for a company for 25-40 years and getting a decent pension that would let you live out your retirement years in peace. I recall seeing that dream erode in the 1980s, and now it looks like pensions are near collapse.
Shouldn’t companies have put away enough money for [...]
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