Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.
I've seen people be effective, even among local teams, by offering something that improves wellbeing in a small way - people who get passionate about smart investment strategies and managing finances for retirement, for example.
It was the labor movement that helped secure so much of what we take for granted today. The 40-hour work week, the minimum wage, family leave, health insurance, Social Security, Medicare, retirement plans. The cornerstones of the middle-class security all bear the union label.
The fine print in the President's Social Security proposal is that all present and future workers under age 55 will have their promised retirement benefits cut.
If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement.
We know what's in our Cheerios and in our retirement accounts because the law requires disclosure.
I've declined every congressional benefit I could decline, federal health insurance, the retirement program, the 403(b) program, which I think is overly generous. I've got self-imposed term limits of six terms if I have the privilege to serve that long.
Sixty felt like a big landmark. Not in a dreadful sense, but none of the other birthdays have bothered me. It's got labels on it - OAP, retirement - and I just wanted to take stock. I wanted to be in my greenhouse at home and at least give myself the opportunity of not working again.
When you look at facing retirement in your mid-30s, and all of a sudden the outlet for that passion and work ethic goes away, you can't just sit back in a rocking chair and be retired at 35. I'm not a good enough golfer to play golf every day.
I actually think the whole concept of retirement is a bit stupid, so yes, I do want to do something else. There is this strange thing that just because chronologically on a Friday night you have reached a certain age... with all that experience, how can it be that on a Monday morning, you are useless?