Your retirement years are supposed to be the best – a reward for all of the years of hard work and sacrifice that you’ve put in. You should be spending your days the way that you want to – seeing friends, enjoying your grandchildren, doing all the traveling that you put off while raising a [...]
1. American consumers spend more money on average in 2 months than all the consumers in China and India spend in a year (source: Time Magazine). 2/04/08 issue, bullet # 14
2. 54% of American investors do not read financial literature (e.g., newspaper or magazine articles) because they believe the content is “too hard to understand” (source: AARP). [...]
CBO Director Peter Orszag testified before the House of Representatives that Americans have lost $2 trillion in their 401k’s in the last 15 months. Only two weeks after Orszag’s testimony, Congressman George Miller announced that 401k losses had doubled to $4 trillion in just two weeks. That is forty percent of the value of 401k’s [...]
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