Letter to the Editor,
I am writing to your newspaper to publicly express my appreciation for President Joe Biden’s “policy of empathy” towards Navajos. The 2020 CARES Act provided relief from hardship during the Covid-19 public health crisis. The American Rescue Plan Act provided $1.8 billion to the Navajo Nation. The funding was...
10,000 Baby Boomers retire each day
Think about it: Many people don’t get defined pension plans from their employers anymore.If anything, employers have reduced their 401(k) match, while employees contribute less to their 401(k).
What about Social Security? The IRS tells us a third of today’s retirees get almost 90% of their social security income. This statistic is alarming; 1/3 of retirees are wards of the government and live off the fixed income from the government.
Additionally, we have another 1/3 of retirees who get 50% of their income from social security. People are retiring, and folks hitting the Social Security system are expected to get 55% of their income from it. So, what are the alternatives...
A failed social experiment: Bail bond reform
Over the past five years, the Albuquerque Journal Editorial board has done a thorough job of exposing the failures of bail reform in New Mexico. Initially, the Journal staff was in complete support of replacing secured bail with the current “catch and release system” being used by judges around this state. However, as things began to implode and the truth be told, the Journal appears to be taking a more critical stance.Bail reform was very aggressively brought to New Mexico by the late Supreme Court Justice Charles Daniels and Attorney Artie Pepin. The rallying cry from them was that 30-40% of county jail inmates were in custody simply and only because of an inability to post...
Retirement accounts: Market volatility stressors
‘Layin’ it on the line’You’ve worked hard all your life, played by the rules, only to have most of your nest egg wiped out due to something you could NEVER have controlled.
For most pre-retires and retirees, the #1 concern is fear of running out of money in retirement! What options do we have as we wonder whether Social Security will be around, and the days of pensions being gone?
It’s important to note that we are focusing on our “retirement years”, because we may still have time to make up for any losses in our younger working years. Working longer may no longer be an option when we are older, and our health may be compromised.
Here is the retirement strategy most...
Why women need to be worried about retirement
‘Layin’ it on the line’“Despite their increasing influence, women remain largely ignored by the financial industry. It’s time for them to educate themselves, take control of their money, and insist on better treatment from their wealth advisors.” — Lawrence Castillo
Although women now control 2/3 of global household finances and 40% of all wealth, they remain much less confident than their male counterparts when making money decisions.
If you are a woman, especially single, widowed, or divorced, you will have to work harder to gain the same financial confidence as your male counterparts. This is especially true when you realize that “gender-neutral” solutions...
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