Right now, the state of Michigan is messing with both! According to a new law that was passed in our state called Senate Bill 1040 or SB1040, all public school employees are going to have their pension plans altered (aka reduced). The best part is that they let you decide how – by choosing from one of four somewhat convoluted choices. Isn’t that nice – would you like to cut off your thumb, ear, or toe?
Archive for September 29, 2012
Sometimes when it comes to financial advice, you don’t want a lot of fluff. You just want someone to tell you like it is – straight and to the point. Not a whole bunch of “maybe this, maybe that”. That aspect is what I loved about the Smartest Retirement Book You’ll Ever Read by Daniel R. Solin – definitive and conscience advice!
So far I’ve already written two separate posts highlighting pieces of advice in this book. But there’s actually a lot more to it. Solin has JAMMED PACKED this book full of useful knowledge. The information it contains could be appreciated by both newbies as well as intermediate/advanced investors. Here’s some of the more important tidbits you can take away from The Smartest Retirement Book:
Hi Everyone! Today I have a guest post over at Club Thrifty entitled “Should We Try to Leave Something Behind?”. It’s an article that discusses a disturbing trend where people no longer seem to be leaving any money behind to their heirs or favorite charities because … they can’t! They have nothing leftover when they die due to a lack of retirement planning! Please be sure to check it out! Thanks!
My, the difference time makes! Just 3 years after the financial and automotive bailouts, the jobs reports and economic turnaround data in the U.S. seem to be looking brighter from a number of different angles. In particular in the manufacturing industry, the number of openings for skilled factory workers has increased 152% since 2009 according to a recent article from CNN Money.
The U.S. States with the greatest demand were Ohio, Michigan, Texas, California, Illinois and Indiana with jobs ranging from machinists and tool-and-die makers to computer-aided machine operators and similar specialties. Starting salaries were as much as $45,000 to $50,000. If you approximate that to $23 to $25 dollars per hour, that’s not too bad of a starting wage in this economy.
Unfortunately, however, the turnaround is still somewhat slow in pace for other parts of the world.
The end of Summer and back to school time are a period of change for our household finances. This is generally when my wife and I get our raises, her contract gets negotiated, and a lot of other expenses or credits get mixed into our budget.
So for us, this is a great time to take another look at our cash flow plan and see if any revisions are necessary.