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Day: May 2, 2019

Retire Early? Work Forever? Both Are Wildly Unrealistic

Financial Planning For Women

Writing for Barron’s, Sarah Green Carmichael interviewed Teresa Ghildarducci, the Irene and Bernard L. Schwartz Chair in economic policy analysis in the economics department at the New School, and the author of How to Retire with Enough Money: And How to Know What Enough Is. Regarding the FIRE (financial independence retire early) movement, Ghildarducci said: …

Single Premium Immediate Annuity vs. "Safe Withdrawal" Strategy

Financial Planning For Women

“Economist and mathematician Michael Edesess compares a “safe withdrawal” strategy from a 60/40 stock-and-bond retirement portfolio with a single premium immediate annuity of the same value. He found the SPIA offers retirees a bigger monthly payout and decreases their chances of running out of money.” Author/researcher Michael Edesess explains:“A safe withdrawal rate is the percentage…

Consumer Financial Protection Bureau head more interested in helping corporations than protecting consumers

Financial Planning For Women

“Kathy Kraninger gave her first speech as director of the Consumer Financial Protection Bureau (CFPB) at the Bipartisan Policy Center in Washington, D.C., in April. We were alarmed to hear Kraninger voice an overall vision for the CFPB that appeared antithetical to its core function of “enforcing federal consumer financial laws.” Kraninger stated that she…

Another example of the value of government regulation: The Card Act of 2009

Financial Planning For Women

Beside the obvious everyday advantages of vehicle safety regulations like requiring seat belts and air bags in vehicles, many federal laws protect consumer privacy and financial transactions. “May 22 is the 10th anniversary of the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009. The game-changing CARD Act, which was passed by Congress during…