Fredericksburg Hiking and Biking Trails
The following links lead views to trail information and maps for family use.
Posted 25Oct20
Jobs/Money, Family, and Miscellaneous information of interest in the Fredericksburg, Virginia area
Fredericksburg Hiking and Biking Trails
The following links lead views to trail information and maps for family use.
Posted 25Oct20
Article Summary from MarketWatch- Opinion: Half of Americans over 55 may retire poor
Article Key Points:
· Over half of Americans over 55 may retire in poverty
· Poverty is defined as having to live on less than $20,000 a year.
Reasons:
· Loss of job due to COVID and an inability to get it back; many job losses are permanent
· No employer contributions to 401K's
· Inability to save due to the impacts of job loss and having to tap into savings to survive
· Most vulnerable population are those who lose their jobs in their 50s, and unable to access Social Security or Medicare benefits
Mitigation Strategies mentioned:
· Create a six-month emergency fund
· Make full contributions to 401K, even if you do not get a match
References:
· Teresa Ghilarducci, expert on retirement, of The New School based in New York
o For additional information from your local library or Amazon; here are some of Ms Ghilarducci's books
§ https://amzn.to/3dpxLWP ; Rescuing Retirement: A Plan to Guarantee Retirement Security for All Americans (Columbia Business School Publishing) Hardcover – Illustrated, January 23, 2018
§ https://amzn.to/36VJ1c8 ; How to Retire with Enough Money: And How to Know What Enough Is
· https://www.marketwatch.com/story/half-of-americans-over-55-may-retire-poor-2020-10-01
Date of Post: 11Oct20
Recommended Christmas gift - The Laws of Human Nature by Robert Greene Despite living in a tech driven world, the core of our society remain...