From Dr. David Eifrig in Retirement Millionaire:
Fluoride is making your children dumber… according to a 2012 study from Harvard. Fluoride has been poorly studied, but is marketed as a way to prevent tooth decay. Most toothpaste brands include fluoride, as do most municipal water supplies.
According to the Harvard study, children who drank water with fluoride ended up with lower intelligence scores than children who didn’t. Researchers also linked fluoride drinking by [...]
May 10, 2013
Savings from efficiency efforts and increased revenues from some categories of business were not enough to prevent the U.S. Postal Service from posting a loss of $1.9 billion in its second fiscal quarter, postal officials announced Friday.
The loss, following one of $1.5 billion in the first quarter, spurred officials to once again call on Congress to enact changes the Postal Service has proposed, including switching to five-day [...]
From Dr. David Eifrig in Retirement Millionaire:
Don’t die in Maryland or New Jersey if you want to avoid paying heavy estate and inheritance taxes.
Forbes recently published its “Where Not to Die” list for 2013. Maryland and New Jersey are the two states that levy both an inheritance tax and an estate tax. This can quickly eat away at the money you plan to leave your heirs.
U.S. Senator Tim Johnson’s announcement that he’ll retire after the 2014 election just made the Democrats’ job of holding their Senate majority a lot tougher.
Johnson, 66, the Senate banking committee chairman, is the second Democrat from a state won by Republican nominee Mitt Romney last year to say he won’t seek re-election in 2014. The announcement today means his party must defend two open seats and support five other Democratic incumbents [...]
by Sasha Cekerevac, Investment Contrarians:
As the stock market in America continues to move upward into elevated territory, the Federal Reserveand its monetary policy program of creating an abundance of liquidity and cash in the financial system deserve much of the credit.
However, the average American has not participated in this giant creation of wealth over the last few years and they are extremely concerned about their future retirement plans.
The problem with the Federal [...]
Many Americans look at the crisis in Greeceand shake their heads wondering how it is possible for an entire country to derail the future of its younger generation. One big problem in Greece was massive government liabilities funding very generous pensions. Yet this came at an enormous cost. The US is facing a different crisis but the markets have already responded over the last few decades. In the early 1980s, roughly [...]
Dipping into your 401(k) plan is tantamount to journeying into the future, mugging your 65-year-old self, and then booking it back to present day life.
And still, it turns out one in four workers has resorted to taking out 401(k) loans at some point in their lives, according to a new report by HelloWallet––to the tune of $70 billion.
To put that in perspective, consider how much workers actually contributed to plans in 2010: $175 [...]
New reports out today from AARP and its Public Policy Institute underscore how the tough economy has taken a toll on the middle class, including those over age 50.
The group says today’s workers are much less likely to enjoy a secure retirement, let alone the kind of retirement that their parents or grandparents enjoyed. They say these workers have seen their incomes fall, their savings shrink, and have gone deeper [...]
Declining migration and falling birthrates have led to a drop in the number of children in California just as baby boomers reach retirement, creating an economic and demographic challenge for the nation’s most populous state.
“After decades of burgeoning population and economic growth…the state now faces a very different prospect,” said a report released Tuesday by the University of Southern California and the Lucile Packard Foundation. The report, “California’s Diminishing [...]
If Congress does not raise the debt ceiling, the result will be no different than the Jones family deciding that they have maxed out their credit cards; and that if they continue borrowing and spending over their means, there will be significant pain to the family at best and bankruptcy at worst.
The economics of government is no different.
Mr. and Mrs. Jones want to be able to provide for themselves in [...]
Do GOP voters save better than Democrats?
The survey itself didn’t shed light on why Republicans begin saving earlier, however, and Allianz said it couldn’t identify specific causes. So to find some possible explanations, Encore did some lighthearted digging into the sociological and scientific literature.
Wealth. To cite the most obvious factor, research shows that higher-income voters are more likely than the less affluent to identify themselves as Republicans; and in [...]
from Silver Vigilante:
More than 40% of US citizens between the ages of 50-65 are planning onselling their homes and McMansion’s for something smaller and more practical, as “prospective downsizers exceed would be ‘upsizers’ by nearly 3-1,” reports the WSJ. They are under the assumption that, by downsizing, their lives will be made simpler and more inexpensive. While the former depends on each individual, the latter is certainly not always the case. Bulking [...]
BEIJING–In a move to end the bitter internal struggle around the selection of the next top leaders of the Chinese Communist Party, Hu Jintao will step down from all posts he now holds after the 18th National Congress concludes on Nov. 14.
According to several party sources, the decision to approve Hu’s retirement as general secretary of the party, national president and chairman of the Central Military Commission (CMC) was made [...]
S&P each Fed action: QE1 +50%, QE2 +30%, Twist +18%, QE3 & Twist +8%… so QE4 +4%, QE5 +2%, and QE6 +1%…
The Incredible Shrinking Half-Life Of Central Bank Action
It seems the market – or the collection of pre-programmed heuristic biases that make up the equity investing public (and machines) – is slowly but surely realizing the confidence trick that is the Fed’s Quantitative Easing programs. The following chart should clarify – [...]
From The Dividend Guy Blog:
Investing has become an extreme sport of late. If you are looking for growth; you’ll have to ride the stock market rollercoaster. While you will eventually end up with more money in your pocket, you will have to endure several “end of the world news headlines” and bad quarter results in the meantime. On the other hand, if you are looking for secure investments, you will [...]
EW YORK (CNNMoney) — As they struggle to save for retirement, a growing number of middle-class Americans plan to postpone their golden years until they are in their 80′s.
Nearly one-third, or 30%, now plan to work until they are 80 or older — up from 25% a year ago, according to a Wells Fargo survey of 1,000 adults with income less than $100,000.
Those who are unable to work as long [...]
CAPE CANAVERAL — The military’s mysterious mini-shuttle operations might be consolidated on Florida’s Space Coast, and the upcoming third flight of the Air Force vehicle might land at Kennedy Space Center’s three-mile shuttle runway.
In what could be an economic boon for an area still reeling from the 2011 retirement of the U.S. shuttle fleet, the Air Force said Thursday it was considering moving X-37B operations to KSC or Cape Canaveral Air [...]
From Dr. David Eifrig in Retirement Millionaire:
Drinking wine helps maintain bone strength for women better than milk does…
Researchers from the University of Oregon found postmenopausal woman (ages 50 to 65) who drank two small glasses of alcohol a day had lower rates of “bone resorption” – a natural process that slowly erodes your bones – than women who didn’t drink alcohol at all.
Resorption is a process of bone shedding old cells [...]
John Lennon’s troubles must have seemed so far away on the tiny island off the west coast of Ireland in 1967 that he decided to buy it as a retirement hideaway with Yoko Ono. Dorninish Island, aka Beatle Island, is now up for sale for $384,000.
Lennon reportedly cherished a dream to build a home on the picturesque island located in Clew Bay in County Mayo. He even obtained planning permission, [...]
From Dividend Stock Analysis:
Dividend Investing is a popular investing strategy based on a simple principle: the payment of regular distributions to shareholders. This investing technique is interesting because it allows the investor to benefit from both a gain in capital due to good financial performance and dividend payments that make the wait more comfortable. Unfortunately, I’ve seen too many investors keep losing dividend stocks simply because they are receiving these [...]
We’ve all heard the admonitions that with life spans growing longer, retiring at age 65 may not be economically possible, either for individuals or for the society as a whole.
But here’s some discouraging news from the Employee Benefit Research Institute: For about one-third of working-age households (those between ages 30 and 59 in 2007), working until age 70 won’t enough to provide adequate income in retirement.
When Nebraska Sen. Ben Nelson cut his “Cornhusker Kickback” deal and cast the deciding vote on ObamaCare, his political career was finished. While he initially made a pretense of possibly running for reelection, he eventually bowed to reality and announced his retirement. Which put Democrats in something of a bind. They don’t exactly have a deep bench in the state. So, they did what you’d expect of a party bereft [...]
CAIRO — President Mohamed Morsi of Egypt forced the retirement on Sunday of his powerful defense minister, the army chief of staff and other senior generals, moving more aggressively than ever before to reclaim political power that the military had seized since the fall of Hosni Mubarak last year.
Mr. Morsi also nullified a constitutional declaration, issued by the military before he took office on June 30, that had gutted the authority of his office. [...]
Housing takes up the largest proportion of citizens’ incomes
The poor spend the biggest percentage on basic living
Middle classes use up the largest proportion on transport
Affluent can devote more money to education and retirement
The disparity between America’s richest and poorest residents has never been more apparent.
The affluent living in sprawling multi-million dollar mansions in Beverly Hills while the hard-up make ends meet in trailer parks. In between are swathes of middle [...]
Too much sleep ‘can bring on dementia’
If you’re planning to take it easy in retirement, be careful. Too many lie-ins could be bad for your brain.
Scientists believe that those who restrict themselves to seven hours a night can prevent their brain from ageing by an extra two years, compared with those who get too much shut-eye – or not enough.
American researchers found that older women who managed seven hours a [...]