In addition to the articles, the media section, and our classroom, Senior Financial Resources want you to learn about the world around you, and how it interacts with your retirement savings. Thom has provided you some links to pages that he reads every day. These sites provide him with a vast spectrum of knowledge on finance, the economy, politics, world affairs, and retirement planning resources. We highly recommend you check out these sites and incorporate some of them into your day.
MarketWatch.com For the most up-to-the-minute summary of economic and market news, articles, and connecting links to a wide variety of web publications, nothing beats MarketWatch.
BigCharts.com Click on “Markets,” then on “Major Indexes,” to track the advances/declines in any of dozens of stock market indices around the world.
In addition: click on Historical Quotes, type in ‘SPX’ in the “Enter Symbol” box, and type in your Index Annuity contract inception date to see how well you’ve done since you got into it – as compared to what the markets have done during the same period.
SherylJMoore.com For the pulse of the industry, recent news, articles, comparisons, and articulate and informed rebuttals on the media’s tired old negativity on annuities, no one beats Sheryl J. Moore. She is the “walking encyclopedia” of the annuity industry. Sheryl’s bio and background are unmatched in the United States, and she is a passionate defender of the value proposition of annuities; when used suitably and ethically as one tool among many in an advisor’s toolbox.
SocialSecurity.gov Click on the link to read the Trustee’s latest report on the solvency of Social Security benefits. Note: They are reporting a deficit for 2010; to wit “…Social Security expenditures are expected to exceed tax receipts this year for the first time since 1983. The projected deficit of $41 billion this year (excluding interest income) is attributable to the recession and to an expected $25 billion downward adjustment to 2010 income... This deficit is expected to shrink substantially for 2011 and to return to small surpluses for years 2012-2014 due to the improving economy. After 2014 deficits are expected to grow rapidly as the baby boom generation’s retirement causes the number of beneficiaries to grow substantially more rapidly than the number of covered workers…”
NationalDebtClock.org For a sobering look at our National Debt and many other fiscal, tax, and budgetary categories/statistics, nothing beats the visual created by this site! Our early-arriving seminar attendees are often mesmerized by its implications, as we stream it live in the 40 minutes prior to many of our events. Scroll across the face of each category for a pop-up explanation of what the figure represents, as well as the source for its value.
Note the “Debt per Taxpayer/Citizen” figures, and that the total cost of federal, state, and local government, divided into our GDP, comes to about 44 percent, meaning that government consumes nearly half of our annual production as a nation whether you pay taxes or not!
RealClearPolitics.com For an excellent source of opinion, news, analysis, videos and the latest polling data, click on Real Clear Politics.
IRS.gov Download forms and type in your questions at the Treasury’s Internal Revenue site.