Money Talk

Al · Joined: 18 Mar 2007 Posts: 51 Location: Southern USA

For anyone interested in financial information You might log on to Scott Burns.com. He is a writer for a Dallas newspaper. Very good practical subjects with a clear understandable explanation of each subject. It is entirely possible that he may be a contributor to your local newspaper since his articles are syndicated.

Al · Joined: 18 Mar 2007 Posts: 51 Location: Southern USA

According to the Associated Press, Americans over 55 are filing for bankruptcy at a faster rate than the general population and this trend will likely continue. The growing mortgage debt and health-care costs are blamed. The rate for over 55 Americans is now 39% compared to 29% for the general population

Al · Joined: 18 Mar 2007 Posts: 51 Location: Southern USA

The trend is toward self-funded or self-funded and employer supplemented 401K plans for retirement. Fewer companies offer pensions and many that offered pensions in the past are dropping them. This will have large consequences on a major portion of our population. Over half the families in America have retirement 401K plans with a balance of under $25,000.