June 15, 2021 Employers Want Help with Health Costs The cost of employer health insurance has skyrocketed, and workers are picking up some of that growing tab. Amid employees’ grumbling, employers are loath to push more of the cost onto their workers. That’s why the consensus view among major employers, expressed in a recent survey, sounded like a cry for ...

June 10, 2021 Here’s Why People Don’t Save Enough In the United States and Singapore – places that emphasize self-reliance – many older workers and retirees admit that, if given a do-over, they would have saved more money over the past 20 or 30 years. Regret was more common in the United States – 54 percent of older Americans had ...

June 17, 2021 Workers Overestimate their Social Security The U.S. Social Security Administration reported a few years ago that half of retirees get at least half of their income from their monthly checks. For lower-income retirees, the benefits constitute almost all of their income. Yet Americans have only a vague understanding of how this crucial program works – one of ...

[Editor’s Note: Today’s WCI Network post is from The Physician Philosopher. Remember to use coupon code 5000SALE this weekend to receive $50 (5000 cents) off of any of our courses, plus a free WCI t-shirt as we celebrate 5000 sales of Fire Your Financial Advisor. Flash sale ends Monday 6/7.] I wasn’t even ten years old when my family declared ...

May 4, 2021 Home Equity Rises. Reverse Mortgages Don’t The housing market has shrugged off the pandemic, and home prices are rising sharply due to historically low interest rates. The market crash more than a decade ago is a distant memory. The total value of the equity in older Americans’ homes has doubled since 2010, hitting $8.05 trillion at the ...

Here at WCI this week we are celebrating all things FIRE, especially our WCI Network partner, The Physician on FIRE, who left medicine over a year ago at age 43.   What Does FIRE Stand For? For those who aren’t in the know, FIRE stands for Financial Independence, Retire Early. The FIRE Movement has its own Wikipedia page these days ...

April 1, 2021 What the Research Can Tell us about Retiring It’s difficult to envision what life will look like on the other side of the consequential decision to retire. But research can help demystify what lies ahead – about the decision itself, the financial challenges, and even the taxes. Readers understand this, as evidenced by the most popular blog ...

[Editor’s Note: Did you miss out on attending the 2021 Physician Financial Literacy and Wellness Virtual/LIVE Conference? It was a production that exceeded all of our expectations and now all 50+ hours of financial and wellness talks, panels, and Q&A sessions are bundled up and available to view as our new CFE 2021 course. The content is truly top-notch, absolutely ...

March 9, 2021 Will More Aid to Parents Be Permanent? To lift families out of poverty during the pandemic, Congress is on the verge of passing a substantial increase this year in the standard child tax credit as part of President Biden’s broader relief package. But despite the sharp divide over the $1.9 trillion package, some senators – both Democrats ...

March 4, 2021 Federal Minimum Wage is 40% Below 1968 Largely missing from the debate about raising the federal minimum wage is how much its value has eroded over the past 50 years. The current federal minimum is $7.25 an hour. If the 1968 wage were converted to today’s dollars, it would be worth about $12 an hour. At $7.25 ...

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