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Retirement

Obama Outlines Retirement Initiatives

obamaPresident Obama, noting that millions of Americans do not have enough savings to cover their retirement, announced a package of initiatives on Saturday to spur increased savings. The administrative actions, which do not require new legislation from Congress, are intended to make it easier and more automatic for people to put money into tax-advantaged retirement accounts.

“The fact is, even before this recession hit, the savings rate was essentially zero, while borrowing had risen and credit card debt had increased.” Mr. Obama said in his weekly radio address.
“Half of America’s work force doesn’t have access to a retirement plan at work. And fewer than 10 percent of those without workplace retirement plans have one of their own.”

How to Become a Millionaire

moneyMore and more people are realizing their dream of becoming a millionaire. According to the Spectrem Wealth Study, an annual survey of America’s wealth, the number of millionaires nearly doubled in the last decade. If so many people are able to reach the magic million-dollar mark, why can’t you?

If you have in your heart the desire to become a millionaire, we will help you by giving you the best 10 advices that people who have made it to millionaire status said were most critical in their pursuit of their million-dollar dream.