pensions / 6 posts found
2018 Will Finally Bring The Pension Crisis to Light-Pension Crisis Unfold 2018
In this video I go over an article that explains how in 2018 the magnitude of the Pension Crisis will finally come to light. This will be done by one item. Starting in 2018 the Governmental Accounting Standards Board (GAAP) for state and local governments will force individuals to record health care liabilities on their balance sheets. Pew Charitable Trusts estimates the national short fall will add up to 645 billion. This is already top of the estimated 1.1 trillion in unfunded pension liabilities they already had. No matter how you cut it 2018 will finally bring the Pension crisis […]
Retail Store Closings and The Upcoming Pension and Insurance Crash
In this video I revisit the retail store closings and how they are going to have a direct line to a insurance and pension crash in the upcoming future. Many people are unaware that many pensions and insurance companies put their money in these outlets because they were considered safe. No one could blame them for the thought process however the financial landscape has changed.
Did The Government Almost Shut Down in April?
In this video I revisit the Budget Debate and reintroduce the question. Will there be a government shutdown April 29th. Right now Congress is on break but will reconvene April 25th and only have 4 days to agree on a budget increase. Right now we stand at 20 trillion the question is if they could not agree on restructuring Obama Care will they agree on increasing the debt ceiling without a Government Shutdown.
Teamster Pension Problems
In this video I read over and article that discuses the Pension Problem brewing in the United States. In particular this article address the Teamster Pension Problems. The Teamster Pension is considered one of the largest and one of the oldest unions to date. The article highlights 4 brave individuals who shared their personal financial stories. The article was in the Daily News and it hits home because it’s from my home town of New York City. The Pension problem is the biggest crisis we will see in our life times and we need to have more discussions about it.
Demographic Wars- Baby Boomers and Millennials
In this video I discuss the potential conflict that is going to rise between the baby boomers and millennials . As the pension obligations cannot be paid, the cutting of social benefits for the baby boomers will become mandatory. This will cause boomers to try to vote even more laws to keep what they have which will foster conflict with the millennials as they continue to get screwed financially. In this article you see the potential problem brewing as baby boomers blame millennials for intended problems already going on.