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Archive for July, 2012

The Security of Adding a Second Income Source

Friday, July 27th, 2012, by

Something fundamental has changed in our economy, with regards to the unwritten compact between employer and employee.  In prior generations, the foundation of the employment bargain was the loyalty that each side offered to the other. Employers sought to promote from within their ranks, and even if there was no explicit understanding of lifetime employment, […]

Overconfident Retirees: A Reality Check

Tuesday, July 24th, 2012, by

Perhaps you’ve wondered, as I have, why many who have entered retirement continue to live in the large two story home where they raised their family. One obvious reason is that they have boomerang adult children who have moved back in, unable to fund the cost of independent living if they are working one of […]

Rethinking College Funding..It’s About Time

Thursday, July 19th, 2012, by

From time to time, you can almost feel the ground shifting beneath your feet, as attitudes and expectations adjust to market reality. This was brought to mind when I saw the results of a recent Sallie Mae (Student Loan Marketing Association) survey.  Two years ago,  during the 2009-2010 academic year, 59% of parents felt that […]

The New Economy: All Jobs are now Temp Jobs

Thursday, July 12th, 2012, by

The great recession that began in the fourth quarter of 2007 officially ended at the end of the second quarter of 2009.  But the fundamental changes that have resulted from this savage downturn are still working their way through the economy, and they threaten the long held assumption that upward mobility will continue as it […]

If You Only Had It To Do Over Again

Monday, July 9th, 2012, by

We live life going forward, which means that we have no rewind button to repair bad decisions made years ago.  And remember, it’s mostly short term memory loss that plagues us as we age…while long term memory is a persistent reminder of choices taken..or neglected. What brings this to mind is the announcement from Consumer […]