I have just finished reading The Clash of Generations: Saving Ourselves, Our Kids, and Our Economy, the new book authored by Boston University Economics professor Laurence Kotlikoff and well-known financial journalist and advisor, Scott Burns. This is a truly important book, and I hope that it will be so widely read as to inspire a meaningful widespread dialog among individuals, families, and policymakers. Continue reading
Social Security is a hot topic in the economic and political landscape these days. Many reports indicate that Social Security’s finances are getting worse as the economy continues to struggle and as the “Baby Boomer” generation begin to retire. To add to the confusion, Texas Governor Rick Perry is standing by his assertion that Social Security is a Ponzi scheme—a fraud being perpetuated on today’s young people by old people. While I’m not sure this is necessarily true, I recently came across a fascinating history of the Social Security program that will help us understand how we got to where we are in the first place.
Guest Blog by Lauren Tivnan, Managing Editor, Portfolioist.com with contributing research by Geoff Considine.
September is here. For many of us, this means summer is over and the kids are back at school. For investors, the arrival of September signals the September swoon—a month where investors typically buckle up and hang on for a bumpy ride.
This year, investors have been buckled in since the start of the summer and are still bracing for impact. And who can blame them? Continue reading