Social Security could have been paying us twice as much

The idea behind Social Security is remarkably simple. People aren’t disciplined enough to save and invest their money responsibly. Hence, the Social Security program automatically deducts 12.4% of your income from every paycheck (half directly from you, and the other half from your employer). And once you retire, you receive a pension roughly proportional to … Continue reading Social Security could have been paying us twice as much

The New Rules for Retirement Financial Planning

Disclaimer: The intended audience for this article is someone who is reasonably savvy on financial planning. If you’re a novice, stop reading now and just do whatever your financial planner tells you to do. The conventional advice for financial planning in retirement has generally been the 4% rule. Ie, on the day of your retirement, … Continue reading The New Rules for Retirement Financial Planning