retirement

Rising Life Expectancy and Soaring Inequality Signal Beautiful Retirement

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The retirement outlook grows better by the day. That’s because we’re living much longer right as wealth inequality is poised to skyrocket. It’s a brilliant combination. For background, Wall Street Journal retirement columnist Clare Ansberry recently reported that “the number of Americans who are turning 80 or older close to 15 million.” Better yet, Ansberry adds […]

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If We Were Eager to Retire, We Would Have a Lot More Savings

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Retirement is so last century. It’s the stuff of Bruce Springsteen songs about gallant Americans picking themselves up each morning to do work they can’t stand, but that they do with fantastical visions of a merciful endpoint.  New York Times columnist Jessica Grose is arguably channeling a dated vision of retirement. Consider her recent piece titled

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Even If Social Security Were Going Bankrupt (It’s Not), Retirees Wouldn’t Care

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Social Security is not going bankrupt, and by extension benefits won’t be cut. Not now, not in four years, not in forty. The irony in all of this is that existing and future retirees wouldn’t much care even if benefits were reduced. More on this in a bit, and why it’s better for U.S.

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We’ll Never Retire For All the Reasons Elon Musk Thinks We May

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Elon Musk predicts that with the proliferation of AI, including his Optimus robots, the people of tomorrow will not have to work if they choose not to. Thanks to the automation of so much of what was once human effort, market necessities and luxuries will be incredibly cheap. By extension, people won’t necessarily have

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Raising the Social Security Retirement Age Would Be a Big Government Mistake

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Social Security was a bad, big-government mistake. As argued in The Deficit Delusion, a much worse, much bigger big-government mistake would be to lower its annual cost by pushing the retirement age up to 70, 75, or name the higher number. Skeptical? Please read on. The Social Security hysterics claim the federal retirement program faces

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In Retirement, Do You Prefer Exposure to Dollars or People?

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“Rather than investing in buildings, I want to invest in the people working in the buildings.” That’s a paraphrase of investor David Bahnsen. Bahnsen’s comment comes to mind when thinking about retirement, and particularly the Social Security portion of retirement. Would readers prefer that their at least legally mythical (see Flemming v. Nestor) Social Security

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Since the Rich Are Overtaxed, Americans Won’t Get to Escape Social Security

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It’s a wealth-losing shame of enormous proportions that Social Security will never go insolvent. It will cost the typical American millions in retirement wealth. Yes, the absurdity of the notion that Social Security faces insolvency in 2035 is incredibly harmful for all working Americans. That’s because the surest sign future Social Security payments are

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$100,000+ State Retirees In Illinois Speak to the Urgency of a SALT Credit

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The Illinois Policy Institute’s Brad Weisentein wrote at RealClearMarkets last week that there are at least 32,000 former government workers in the state of Illinois who can claim $100,000+ income from the state’s pension systems. Of the state’s 239,384 pensioners, Weisenstein reports that their average annual retirement income amounts to $93,558. It’s worth adding that according

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Soaring Wealth Inequality Is the Greatest Retirement Gift of All

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Nvidia’s valuation reached the $4 trillion mark recently, and co-founder Jensen Huang’s shares are now worth something like $143 billion. Present and future retirees should rejoice the rapidly increasing wealth inequality that Nvidia and Huang represent. That’s because inequality is the greatest gift to retirement of all. To see why, contemplate the “Magnificent Seven”

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There’s No ‘Retirement Crisis,’ LeBron James Shows Why

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There’s no retirement crisis. Those promoting the notion that Americans don’t have enough money to retire will eventually regret their expressed pessimism. Contemplate the happy fact that LeBron James recently announced a plan to return for his 23rd NBA season. James’s decision helps expose the flaw in a “retirement crisis” narrative that just won’t die. 

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