83. Think Money Group - Times On the internet
 Times Online |
Some older workers never retire. In fact, according to the Toronto Financial Post, 17% of boomers continue to work indefinitely, not just for the money but for personal satisfaction. The trade-off is that you aren’t taking Social Security, which means that you can take more out later (if you live long enough). Postponing your retirement (not taking Social Security) also helps the U.S. government. The article I mentioned stated that postponing retirement 5 years can add up to $1 trillion to the U.S. coffers. Now, I’m not advocating waiting just to help the federal government (and your children). But, if you want to keep working, why not? Tags: baby boomers, federal government, retirement, Social Security Well, if it isn’t a recession, it sure looks and smells like one. Many people of retirement age or near retirement age who have been looking for work have been moved to the sidelines. Easy credit is getting dry. Not the conventional time to start a new business. At least not the conventional time to get conventional financing. Most lenders are becoming risk averse. Many people are also. Even in Silicon Valley, employees are leaving smaller firms and seeking jobs with larger and potentially more stable companies. Maybe it is a time to be risk averse. The question is how do you lower your risks while proceeding with your business plan? Going slower with fewer cash outlays is always a good idea, but more so now. Think two and three times before spending cash is a really fine idea. Think about barters for goods and services you need. Hiring a part-timer may be preferable to a full-time employee right now. maybe putting in more hours yourself is the ideal idea. If you don’t have a burning need to begin up a new operation, now is the time to wait. Speculation in realestate is still speculation. One of the things that’s driving the real estate and stock markets lower are margin calls. Leverage is fabulous on the way up and murder on the way down. With the way financial institutions are getting hammered you can get caught by their failure to keep a promise.
08
03
2008
 
Penthouse 86B at Trump World Tower for Sale: $22 Million, Estate of the DayPosted by: in Real Estate NewsFiled under: Estates
[via Curbed] %Gallery-17901% Continue reading Penthouse 86B at Trump World Tower for Sale: $22 Million, Estate of the Day Two are arrested in death of man, 71 As the Crowe flies Tough times in Douglas: Kahle might close Stocks Tumble Following Jobs Report Heath Ledger assets go to parents, siblings Beware of scams at tax time Spitzer aides seek SUNY support for fund Carver transplant patient’s first words: ‘I can breathe’ Alton mayor cites loss of casino revenue in layoffs Nation’s coins set to overtake face value AAFL’s gone fishing for the money needed to operate Get money smart with these books S. Chandler road work creates traffic maze Compulsive gambler chases $20M long-shot suit against casinos |
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