LOOK THROUGH MY BOOKS!: http://books.themoneygps.com SUPPORT MY WORK: https://www.patreon.com/themoneygps PAYPAL: https://goo.gl/L6VQg9 BITCOIN: 1MbAUXsHa8XRFMHjGurd7L5nRDYJYMQQmq STEEMIT: https://steemit.com/@themoneygps T-SHIRTS: http://themoneygps.com/store MY FREE eCOURSE - Financial Education Taught in Simple Illustrative Videos: http://themoneygps.com/freeecourse ******************************************************************** Sources: https://goo.gl/UpprQe In This Episode: Pension funds and other retirement accounts are a simple concept. Invest the money now and we’ll pay you out at a later date. It’s a simple Ponzi scheme that works well under most conditions. Just keep money pouring in and you will always have money to give out. But what about if you don’t have enough money coming in? What happens then? Also, this money you put in has been gambled with. Tampered with. In the end, there will be nothing left for you and I. pension fund pensions bond fed federal reserve central bank debt deficit money cash savings
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"How to Plan for Retirement". A simple guide to help you retire with peace of mind. PST: Hello, its me, Professor KnowItAll... and yes, I'll be giving you the very best tips so you can retire with peace of mind... EXP: Hello Professor, are you now an expert on that topic? PST: Of course... EXP: Oh, OK, so you're all ready for retirement? PST: Of course! I'm ready! EXP: So then, you have money saved? PST: Well, not exactly but I have a plan... I will live with my kids... EXP: Living with your family during retirement can be very gratifying, but surely you don't want to be a burden on them...Did you know that people in the United States, on average, live 20 years after they retire? In general, people need almost 80% of what they earn in order to live comfortably after retiring That's a lot of money, so you'll definitely need a good plan in order to get there. OK, don't panic yet. It's never too late to start or even too early. Let me tell you what you should do so that the next time, you can give people good advice. PST: Sounds good. EXP: Professor, according to the Consumer Action Handbook, the first thing is recognizing the importance of saving for retirement. The three most common options are: One: Pension benefits, offered by some places of employment. Two: Savings and investments, started by you. Three: Social Security, which is the Federal Governments retirement plan. Now, if you're still working, find out if your place of employment offers a pension plan and how it works. Some companies also offer a 401k plan. PST: Four 01 what? I've never heard of that truck, but mine is newer... EXP: I'm not talking about vehicles here, I'm talking about retirement plans in which, if you save, your company will match a percentage of the contributions you make. PST: Oh, that's like free money. EXP: Exactly. Sometimes you impress me, Professor! In order to plan well for retirement, you must consider what types of expenses you'll have, whether you'll work or not, if you'll have additional medical insurance, or if you'll have costly hobbies, like traveling. There are many things to consider, so you may want to consult a financial expert for help. PST: Yikes, I'm feeling dizzy... EXP: Professor, you can also ask for help and get tips from the following organizations: AARP, American Savings Education Council, Department of Labor Securities and Exchange Commission, Social Security Administration PST: Ufff...I'm feeling a little better now. EXP: Professor, this is all about saving not spending... Better yet, let me remind you to visit USA.gov or in Spanish at GobiernoUSA.gov where you can learn more about all of this and other interesting topics for consumers. And remember, you can also order your free "Consumer Action Handbook "...
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Thinking about pensions, defined benefit plans, defined contribution plans and how pensions tend to get underfunded. Created by Sal Khan. View more lessons or practice this subject at https://www.khanacademy.org/humanities/us-government-and-civics/american-civics-parent/american-civics/v/pension-obligations?utm_source=youtube&utm_medium=desc&utm_campaign=usgovernmentandcivics Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
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Contact us at 888-727-8796 if you need assistance with your foreign or domestic tax problem (and yes, your information will be subject to the attorney client privilege). We’ve successfully assisted thousands of clients deal with IRS issues. You can also email us at firstname.lastname@example.org. www.irsmedic.com Attorney Sean J. O'Connor joins Anthony and Claudine to discuss non-compliance issues when it comes to foreign retirement plans. To read the article: https://www.irsmedic.com/2015/12/11/foreign-retirement-plans-101/ To watch or listen to the whole episode: http://www.parentaladvisoryshow.com/us-tax-on-foreign-retirement-plans/ -~-~~-~~~-~~-~- Please watch: "How to deal with the IRS like a tax attorney would" âž¨ https://www.youtube.com/watch?v=q-XkXUm5IhQ -~-~~-~~~-~~-~-
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http://www.greenbacktaxservices.com/blog/canadian-retirement-plans-us-taxation/ Thinking of retiring and Canada? Make sure you understand how your Canadian retirement savings plans will be taxed by the US! "Hi everybody. My name is David McKeegan. I'm with Greenback Expat Tax Services. Our question today is are the Canadian Pension Plan and Canadian Old Age Security Benefits taxable in the US? If so, how do I report them? Before we begin, the Old Age Security Benefits and the Canadian Pension Plans are both part of Canada's public retirement program. The Old Age Security can be obtained if you meet the minimum requirements. It's a modest monthly payment once you reach age 65. If you move out of Canada, you can still receive the old age security if you meet these requirements. First, you resided in Canada for at least 20 years after turning 18, or you lived in a country that has a social security agreement with Canada, and you meet the 20 year residency requirement. If you don't meet either of these, you can receive pension payments for the month you left Canada, and six years after. For a period of about six years and one month. The Canadian Pension Plan provides you with a monthly retirement pension as early as age 60 if you've paid into it. The Canadian Pension Plan also offers disability insurance, as well as survivor and death benefits. This is not an automatic retirement plan like Old Age Security. You have to pay into this in order to receive benefits from it." Read the full transcript here: http://www.greenbacktaxservices.com/blog/canadian-retirement-plans-us-taxation/ Need help filing your US taxes? Our experts are here to help! Simply visit http://www.greenbacktaxservices.com/get-started-now today!
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http://towerswatson.com/services/Investment Towers Watson Senior Consultant Sylvia Pozezanac discusses what actions employers are taking now to de-risk pension assets light of positive equity performance in 2010 and legislation that will phase in over the next several years.
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http://www.greenbacktaxservices.com/blog/us-income-tax-impact-foreign-pensions-retirement-plans/ Americans who are considering retiring abroad often have questions about how the US will tax their foreign pensions and retirement plans. Greenback President David McKeegan shares his insight on how the IRS may tax such investments. "Hi everybody. I'm David McKeegan with Greenback Expat Tax Services. Our question today is, How will my foreign pension or retirement plan be taxed by the IRS? This is a very large, very complex question, and it will depend specifically on what country you're living in, what country you plan on retiring in, and what the tax treaties between the US and your host countries say. We'll do a quick overview of some of the things you want to look for, and that'll be a jumping-off point you can use. We highly recommend speaking to a professional if you have questions about this, specific questions that you need answered." Read more on our site at: http://www.greenbacktaxservices.com/blog/us-income-tax-impact-foreign-pensions-retirement-plans/ If you would like more information about the tax implications of overseas retirement, download our free guide for Americans Retiring Abroad. Click here for our guide! http://www.greenbacktaxservices.com/us-expat-tax-guides/
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Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
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Wither The Old? (2001): South Africa has recently changed how pensioners receive their pension, and in effort to make the system more efficient and less open to corruption. The transition for some however has been far from smooth. Subscribe to Journeyman here: http://www.youtube.com/subscription_center?add_user=journeymanpictures Can society be judged on the way it treats its elderly? If so, South Africa may need a little more compassion. Even after lengthy and confusing bureaucratic wrangling, there is a great number of elderly people who remain unregistered for the new privatised pension scheme. Many pensioners have been waiting for months for their payouts. SABC Special Assignment follow two families who have been grossly affected by the change. For more information, visit https://www.journeyman.tv/film/xxxx Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanNews https://twitter.com/JourneymanVOD Follow us on Instagram: https://instagram.com/journeymanpictures Visit our subreddit: https://www.reddit.com/r/JourneymanPictures/ Say hi on tumblr: https://journeymanpictures.tumblr.com/ Produced by SABC Special Assignment - Ref. 1056
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US aircraft manufacturer, Boeing, says it'll end pension plans for non-union employees. The company says under the plan, non-union workers will keep what they have earned in their pensions through the end of 20-15. The workers will then switch to a new defined-contribution retirement plan. 68-thousand employees, including many engineers and machinists, will be affected by the plan which will take effect at the beginning of 20-16. In 20-12, Boeing announced plans to close its long-time facilities in Wichita, Kansas with over two-thousand workers by 20-14. It also said it will cut 15-hundred I-T jobs in Seattle, Washington by 20-16. The U-S company designs, manufactures and sells fixed-wing aircraft, rotorcraft, rockets and satellites.
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Sears retirees may soon lose a big part of their pensions. That's because company executives invested only minimal amounts in their employees' pension funds over much of the last decade. But those executives followed the rules, and even acted with government support, at the same time that they distributed billions of dollars to their company’s shareholders. The story of the Sears bankruptcy sheds light on the murky world of corporations and their pension funds revealing how pools of money that are thought to be fully protected, can quickly evaporate with workers potentially losing hundreds of millions of dollars. Enquête is Radio-Canada's flagship weekly current affairs program. The show uncovers corruption, crime, and abuse of power in Quebec and Canada Producer : Gil Shochat Journalists : Sylvie Fournier, Madeleine Roy Caméramen: Jean-Pierre Gandin,Richard Marion, Laurent Racine Sound: Martin R.Thibault Editors: Charles Bergeron, Sébastien Huot, Bernard Lapointe, Étienne St-Amour »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS Connect with CBC News Online: For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX Find CBC News on Facebook: http://bit.ly/1WjG36m Follow CBC News on Twitter: http://bit.ly/1sA5P9H For breaking news on Twitter: http://bit.ly/1WjDyks Follow CBC News on Instagram: http://bit.ly/1Z0iE7O Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.
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📘LOOK THROUGH MY BOOKS! 📘 http://books.themoneygps.com SUPPORT MY WORK: https://www.patreon.com/themoneygps PAYPAL: https://goo.gl/L6VQg9 OTHER: http://themoneygps.com/donate ————————————————————————————————— The BEST Storable Food, Water Filters & More: https://goo.gl/fb8Xy4 ————————————————————————————————— STEEMIT: https://steemit.com/@themoneygps DTUBE: https://d.tube/c/themoneygps T-SHIRTS: http://themoneygps.com/store ————————————————————————————————— ℹ️Sources Used in This Video ℹ️ https://goo.gl/UpprQe
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What made tens of thousands of Russians join public protests against plans to raise the retirement age, in cities across the country on July 28-29? Originally published at - https://www.rferl.org/a/russia-pensions-protests/29398391.html
Просмотров: 623 Radio Free Europe/Radio Liberty
U.S. public pension plans rely heavily on investment returns as their main source of asset accumulation. Endowments typically allocate a smaller share of their assets to domestic equities but will still be affected by market movements. In this CreditMatters TV segment, Standard & Poor's Senior Director John Sugden, Capital IQ Chief Equity Strategist Sam Stovall, and Director Charlene Butterfield discuss how the equity market influences pension plans and endowment performance.
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On PBS NewsHour Weekend, Sunday, Nov. 10, 2013 ► As cities and states across the U.S. grapple with their pension programs, we travel to one country -- The Netherlands -- that seems to have its pension problem solved. 90 percent of Dutch workers get pensions, and retirees can expect roughly 70 percent of their working income paid to them for the rest of their lives. Olaf Sleijpen of the Central Bank of the Netherlands says "I think what makes it successful is that you basically force people to save for their old age."
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Types of Retirement Plan Benefits for a - U.S. Defined Benefit Plan The type of benefits paid from a retirement plan is based on: the distribution options available under the plan, and elections made by participants and their beneficiaries. Defined contribution plans - 401(k), profit-sharing, and other defined contribution plans generally pay retirement benefits in a lump sum or installments. Defined benefit plans - The normal method of distribution is an annuity paid over the employee’s life or the joint lives of the employee and his or her spouse (unless they elect otherwise). Lump-sum payment A plan can make a lump-sum distribution of a participant’s or beneficiary’s entire accrued vested benefit without consent (a cash-out) if the benefit is $5,000 or less. If the benefit is more than $5,000, a lump-sum distribution can only be made with the participant’s (and spouse’s, if applicable) written consent. Installment payments Installment payments are made are regular intervals, for a definite period (such as 5 or 10 years) or in a specified amount (for example, $2,000 a month) to continue until the account is depleted. Annuity payments Annuity payments are made from a defined benefit plan or under a contract purchased by a defined contribution plan. Payments are made at regular intervals over a period of more than one year, depending on the type of annuity. Spousal annuities If the participant is married prior to the first day of the period for which benefits are paid as an annuity, a plan subject to the spousal annuity requirements must pay benefits in the form of a qualified joint and survivor annuity (QJSA). If the participant dies before the spouse, the plan pays the spouse a life annuity. A participant may, with proper spousal consent, waive the QJSA and chose another payment option. Plans subject to the QJSA rules may also have to offer participants a qualified optional survivor annuity (QOSA) that provides a surviving spouse an annuity equal to either 50% or 75% of the annuity payments to be made during the participant’s life. For a married, vested participant who dies before the annuity starting date, the plan must pay a qualified pre-retirement survivor annuity (QPSA) to the surviving spouse. The participant may, with spousal consent, waive the QPSA and choose an alternate form of distribution provided under the terms of the plan. Unmarried participants must receive a single-life annuity, unless waived. Plans subject to QJSA/QPSA Defined benefit, money purchase pension and target benefit plans must offer QJSAs and QPSAs if a participant’s vested accrued benefit is more than $5,000, but may offer other payment options as well. Defined contribution plans must also offer QJSAs and QPSAs for account balances over $5,000 unless: the participant doesn’t choose a life annuity under the plan; the plan pays the entire remaining vested account balance on the married participant’s death to the surviving spouse unless the spouse has consented to another beneficiary; and the plan is not a transferee of a plan that was subject to QJSA/QPSA. Plans not subject to QJSA/QPSA Most defined contribution plans are not subject to the QJSA and QPSA rules. However, when a married participant dies, these plans must pay the entire remaining vested account balance to the participant’s surviving spouse unless the spouse has consented to another beneficiary. When an employee terminates employment prior to normal retirement age, before a distribution can be made (except for lump sum cash-outs), the employee must be given a written notice explaining the: available benefit payment options under the plan; right to delay payment until the later of the plan’s normal retirement age, or age 62; and consequences of failing to delay payment. Tips for plan sponsors Know what forms of distribution are available to participants and beneficiaries under the plan. Retain participant distribution election forms together with notarized spousal consents, if applicable. Communicate with your plan administrator about: who provides the required notices and consent forms for distributions; who calculates and pays out the benefit; plan changes; and beneficiary updates as a result of participant life changes. ---------Cameras Used To Shoot This Video ------- This VIDEO was EDITED with Adobe Premiere on a PC. http://amzn.to/2E7tvbP Microphone — Lavalier uses during the scene with the 50mm lens http://amzn.to/2AqmIrg Subscribe to IamIndia Here: https://www.youtube.com/IamIndian DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support!
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John Fitzpatrick, Secretary General of The Geneva Association, on managing the costs of U.S. public pension plans to help tackle the funding crisis facing U.S. municipalities and public pension plans. While there have been several municipal bankruptcies over time, on 3 December 2013, Detroit became the largest city in the U.S. to be legally eligible for Chapter 9 bankruptcy. Its ballooning deficits and large pension shortfall are characteristic of municipal bankruptcy cases. Across the country, states have posted pension funding shortfalls of over a trillion dollars. A report published by The Geneva Association, "The Public Pensions Crisis in the U.S." proposes that non-payment of annual required contributions and an unbalanced structure to pension planning are among the most significant challenges to overcome.
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Broken Eggs Awakens America to the Looming Retirement Crisis What was once a life ending in happily ever after is now a life ending in working ever after. If retirement feels more like a fairy tale, it is in the feature-length documentary Broken Eggs. The film takes a rare look at one of the gravest social issues facing an aging America – the grim irony that even as we live longer, a growing number of Americans are falling short of a secure and comfortable retirement. And the prognosis is even worse for future generations. “Broken Eggs blends comical animations with unforgettable portraits of everyday Americans reckoning with their inability to retire.” Social Security is 20 years short of insolvency; pensions are largely underfunded and in sharp decline; and personal savings are at historic lows. Unlike any documentary of its kind, Broken Eggs blends comical animations with unforgettable portraits of everyday Americans reckoning with their inability to retire. Audiences of every generation will leave rattled and ready to put their Nest Egg back together again. The hard-hitting documentary also features wide-ranging, high-profile interviews with economists, policy makers and financial experts, all who confront the undeniable, but often ignored facts that have put the American dream of retirement in jeopardy. Social Security is projected to be insolvent in 2033. In 1950, there were 16.5 workers for every Social Security beneficiary. Today, there are less than 3 workers paying in for each recipient. Company-sponsored pensions have been in rapid decline since the 1980s. Today, less than one out of every five private sector employees has a pension. As a group, American workers are estimated to be $6.6 TRILLION short of what they need to retire comfortably. 10,000 Baby boomers are reaching “retirement age” every day. 40 percent of Baby boomers expect to work “until they drop”. Almost half of American workers have less than $10,000 in savings. Americans who make it to age 65 today can expect to live roughly 18 years more. That’s six years longer than Americans who made it to age 65 in 1940. What the experts say… Economist Teresa Ghilarducci with The New School of Social Research has studied the savings and assets of future retirees. Her startling findings show that working Americans are actually “going backwards” – the first time since Social Security was passed in the throes of the Great Depression. “Most Americans who were middle class when they were working all their life are going to be poor or near-poor retirees,” says Ghilarducci. “We’re going to have massive downward mobility. That you’re middle class all your life, and you now find yourself to be really in a chronic state of want and distress about finances. And it gets worse as you get older.” And Social Security – what was meant to be a backstop to prevent people from falling into poverty in old age – is on the brink of insolvency by 2033, according to the program’s own administrators. Social Security is not only bankrupt, it’s bankrupting future generations, says Laurence Kotlikoff, author of The Clash of Generations and a professor of economics at Boston University. “We’re not measuring what we’re doing to our kids. We’re not talking about who’s going to pay for a different generation’s benefits,” Kotlikoff says. “Most Americans who were middle class when they were working all their life are going to be poor or near-poor retirees,” says Ghilarducci Turning America’s retirement prospects around is the chief responsibility of Mark Iwry, a senior adviser to the U.S. Treasury Secretary on retirement policy, and the country’s likely architect for retirement savings of the future. Iwry is determined to change America’s saving habits through automatic enrollments in individual retirement accounts or “auto-IRAs” for those who currently don’t have access to employer-sponsored plans. “We can make it easier still for people to save,” Iwry says, “and thereby get many more of our fellow citizens on a path to having adequate retirement security. Right now we’re not on that path. Too many people are just not saving enough.” Want to learn more? Visit www.myubiquity.com or call 855.401.7253, Option 3. Or visit us on social media: https://www.facebook.com/ubiquitysavings https://twitter.com/ubiquitysavings https://www.linkedin.com/company/ubiquity-retirement-savings/
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Learn more at PwC.com - http://www.pwc.com/us/en/cfodirect/multimedia/videos/pension-plan-risk-and-response.html Assessing risk in your pension plan? Listen in to hear PwC’s Gina Klein discuss the types of risks pensions are facing, actions companies are taking and the related accounting impacts
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http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service Even as the Dow reaches an all-time high, the Dallas pension system is asking taxpayers for a bailout. U.S. public pension systems grapple with an accelerating downward spiral. Our Elliott Wave Financial Forecast notes that some are prime candidates for insolvency.
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Subscribe for Latest on Financial Crisis, Oil Price, Global Economic Collapse, Dollar Collapse, Gold, Silver, Bitcoin, Global Reset, New World Order, Economic Collapse, Economic News, Political - Geopolitical News, Stock Market, Litecoin, Ethereum, Cryptocurrencies, Financial Crash .. Subscribe & More Videos: https://tinyurl.com/y8mq853r
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Best Cayman pension plans and retirement scheme; secure retirement fund and enjoy retirement income. Enrol for Silver Thatch guaranteed pension plan now! Know more: http://silverthatch.org.ky/
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This is going to be a National Crisis... Website: shtfplan.com Credit: Tyler Durden, Zerohedge.com Link: http://www.shtfplan.com/headline-news/this-is-going-to-be-a-national-crisis-one-of-the-largest-u-s-pension-funds-set-to-cut-retiree-benefits_04212016 DISCLAIMER: This video is not for profit. I'm unable to verify the content so please understand. This video is not disinformation nor is it fear mongering. It is up to the viewer to decide. Please do your own research, if more info is desired. This is for educational and informational purposes only. It is for the viewer to decide. I do not take any credit for the content, photos, or videos I cannot verify or confirm the information in this video. It is up to you the viewer to decide and please also do your own research. I read for the visually impaired and for mobile device users. If anyone does not wish to listen to the entire broadcast, please use link(s) provided... The content does not necessarily reflect my own personal viewpoint or opinions. It is up to the viewer to decide. No copyright infringement is ever intended. FAIR USE STATEMENT: This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in an effort to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. we believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/
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Joshua D. Rauh, a senior fellow at the Hoover Institution, discussed problems with the Pension Benefit Guaranty Corporation (PBGC) in his talk "Hidden Debts: The US Government's Pension Guarantees," based on his paper "Financial Valuation of PBGC Insurance with Market Implied Default Probabilities." Rauh explains why the PBGC's assumptions paint a misleading picture, emphasizing how a lack of recognition of true insurance costs distorts the perception of the federal government's actual obligations for these liabilities. A video of his talk will soon be available.
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http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG U.S. public pension fund returns have been hurt by a long stretch of low interest rates. Today, the funding gap stands at an astounding $3.4 trillion. Our research and others' suggests the bankruptcies of Detroit and San Bernardino may be only previews of what's the come for at least five other major cities on the brink of insolvency.
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Where the TRUTH is EXPOSED and SCANDALS UNCOVERED: http://truth.themoneygps.com ******************************************************************** The Money GPS by David Quintieri featuring Bob Chapman, James Turk, and David Morgan. Look Inside the Book!: http://book.themoneygps.com My Free eBooks: FLUORIDE: http://fluoride.themoneygps.com GMO: http://gmo.themoneygps.com VACCINES: http://vaccines.themoneygps.com Join The Money GPS Insiders: http://themoneygps.com PREPARE for the COLLAPSE: http://amazon.themoneygps.com ******************************************************************** Marc Faber: The asset bubble has begun to burst "I don't believe that the global economy is strengthening; I rather think the global economy is weakening," Faber is looking for a 30 percent drop in the S&P 500. As Detroit's water department shuts off more taps, nearly $1 million is available for low-income customers who need help paying their bills. Detroit police union agrees to tentative deal in bankruptcy breakthrough The plan would allow police and fire retirees to keep their monthly pension checks but would require them to accept a reduction in annual cost-of-living-adjustment (COLA) increases. "unless entitlements are substantially reformed, I am confident that this country will default on its debt." city officials expressed relief, "the real fundamental, underlying question about the ability of a municipality to alter retiree health care benefits has not been answered," Sources: http://www.cnbc.com/id/101820233 http://www.usatoday.com/story/news/nation/2014/07/08/detroit-water-shutoff-notices/12384325/ http://www.freep.com/article/20140708/NEWS01/307080173/dpoa-detroit-police-officers-settlement-contract http://azstarnet.com/news/national/after-detroit-another-city-ponders-bankruptcy/article_378c752e-ca0e-537b-b2b9-88e3b064275a.html
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Josh Gotbaum, director of the Pension Benefit Guaranty Corporation, presents at the Pension Research Council Special Forum, "What can the U.S. and U.K. Learn from Each Other?," held on May 2, 2012, at the Wharton School of the University of Pennsylvania in Philadelphia.
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John Fitzpatrick, Secretary General of The Geneva Association, on the situation surrounding the funding crisis facing U.S. municipalities and public pension plans. While there have been several municipal bankruptcies over time, on 3 December 2013, Detroit became the largest city in the U.S. to be legally eligible for Chapter 9 bankruptcy. Its ballooning deficits and large pension shortfall are characteristic of municipal bankruptcy cases. Across the country, states have posted pension funding shortfalls of over a trillion dollars. A report published by The Geneva Association, "The Public Pensions Crisis in the U.S." proposes that non-payment of annual required contributions and an unbalanced structure to pension planning are among the most significant challenges to overcome.
Просмотров: 122 TheGenevaAssociation
US Government Preparing To Seize Private Pension Funds Please click here to subscribe to my channel for latest news / Economy / money / Economic collapse / crisis / New World Order / World War 3 / Agenda 21 / Financial Apocalypse
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Updated 1/29/14 - Obama introduced MyRA - through executive action - retirement accounts controlled by the government.... hmm.... Obamacare retirement. http://www.youtube.com/watch?v=i8ilbkynysQ&feature=youtu.be The government has begun stealing everyone's 401K and retirement plans from their previous allocations and converting them to buying U.S. government bonds. This has been said for a long time that it would happen by Truthful financial experts. It has now begun. All information in video is linked in the article below. http://sherriequestioningall.blogspot.com/2014/01/check-your-401k-and-retirement-plan.html Perpetual Assets - as mentioned in the video - Have your IRA and 401K money in hand and controlled by you! https://www.perpetualassets.com/
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Look Inside My Book!: http://book.themoneygps.com ******************************************************************** My Free eBooks on Fluoride, Vaccines, and GMO: http://themoneygps.com/freeebooks Tools You NEED to Prepare for the COLLAPSE: http://themoneygps.com/store ******************************************************************** Sources: "Average Home Price in Manhattan Reaches $1.87 Million, a New High - The New York Times" http://www.nytimes.com/2015/07/01/nyregion/home-prices-in-manhattan-reach-new-high.html?_r=1 "Soaring Vancouver home prices spur anger toward foreign buyers - The Globe and Mail" http://www.theglobeandmail.com/news/british-columbia/soaring-vancouver-home-prices-spur-anger-toward-foreign-buyers/article25384862/ "Lloyd Blankfein Is Now a Billionaire - Bloomberg Business" http://www.bloomberg.com/news/articles/2015-07-17/blankfein-becomes-billionaire-riding-goldman-s-shares-to-riches "Google's one-day rally is the biggest in history" http://www.cnbc.com/2015/07/17/googles-one-day-rally-is-the-biggest-in-history.html "More children living in poverty now than during recession" http://www.usatoday.com/story/news/nation/2015/07/20/more-children-living-poverty-now-than-during-recession/30415391/ "Pension Funds Burn Cities as $1 Trillion Shortfall Set to Grow - Bloomberg Business" http://www.bloomberg.com/news/articles/2015-07-17/pension-funds-burn-cities-as-1-trillion-shortfall-set-to-grow
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US Newspapers - US Newspapers - British airways is closing the pension scheme defined benefits US Newspapers - US Newspapers - British airways is closing the pension scheme defined benefits British Airways has announced that it will be shutting its defined benefit pension scheme in April next year, in a bid to tackle a crippling £2.8bn pension deficit. The airline, owned by International Airlines Group, said that it would replace its New Airways Pension Scheme as well as its main UK defined contribution scheme with a flexible benefits scheme, which will allow members to opt for cash instead of a pension. British Airways said that it had reached the decision to make the changes foll... Source: http://c.newsnow.co.uk/A/2/914374615?-1938:2386:0 © US Newspapers THANK YOU for your watching SUBSCRIBE my channel for more videos: http://xuri.co/RyZXd ─────────────────── ▼ DISCLAIMER : ➤ If you have problems about copyright or label, please contact me via email or YT inbox. Thank you :) ➤ If you wanna use my uploads in your videos/streams, please give a link back to my original video, thats all ;) #LatestNews #News #WorldNews #SportsNews #TopNews #NewsToday #TodayNews #Breaking #BreakingNews #BreakingNewsToday #BreakingNewsLatestNews #LatestNews #LatestNewsToday #CNNNews #CNNBreakingNews #LocalNewsToday #HeadlineNews #RecentNews #UpdateNews #LastNews #Trump #TrumpNews #DonaldTrumpNews #News24h
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http://www.smartgeezer.net - What Is the Average Retirement Income in the US People approaching retirement often ask, what is the average retirement income in the US? The sad truth is that average retirement incomes are far less than what people are accustomed to spending or need. American working families have not been able to save enough to support their retirement plans, if they have one. I have asked what is the average retirement income in the US and discovered that the average American working family approaching retirement has less than $12000 saved, which when spread out over twenty or thirty years is a few dollars a month. You may also be concerned about what is the average retirement income in the US because you want to see how you match up with others. It is not important if the average is so low that the average person still must work, move in with relatives or friends or go on welfare to survive. This video poses the problem and potential solutions. https://www.youtube.com/watch?v=pcY_3MEvni8&feature=youtu.be
Просмотров: 32828 Cary Feldmann
US military pensions in question Long before the first bullet was fired in World War II, the US government made a deal with its military - serve 20 years and receive a pension worth half of your pay. Since then, it has been an untouchable political promise. President Barack Obama has called it a "moral obligation". But given the nation's debt, it may not be an obligation that the US can afford to keep. Having studied the matter, a high-level Pentagon board is recommending changes to the system the will affect those currently in uniform. Al Jazeera's Patty Culhane reports from Washington, DC.
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http://www.zerohedge.com/article/treasury-confirms-debt-ceiling-be-breached-today-will-tap-pension-funds#comment-1279042 How long till they seize all pensions and 401K's and bank accounts? tick tock tick tock http://www.theinternationalforecaster.com/International_Forecaster_Weekly/The_Financial_Powers_That_Be_Are_In_A_Trap_of_Their_Own_Making
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Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.
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(31 Aug 2018) U.S. President Donald Trump has signed an executive order on retirement security in Charlotte, North Carolina. The White House says the order directs the Labor and Treasury departments to issue regulations to help businesses join together to offer Association Retirement Plans. Administration officials say high costs discourage employers from offering plans like 401(k)s at a time when surveys show workers worried about being able to live comfortably in retirement. Trump claims that as a result of the order, retirement plans "will now be available to more Americans than ever before." During his remarks, Trump said he's going to "study" a federal employee wage freeze, amid criticism of his Thursday order preventing an increase to most civilian federal workers. "I'm going to study that over the weekend," he said, calling it a fitting issue to explore over the Labor Day holiday. Trump announced Thursday he was nixing a 2.1 percent across-the-board raise for most workers effective in January, as well as separate locality pay increases averaging 25.7 percent. He cited the need to put the nation "on a fiscally sustainable course." The president last year signed a package of tax cuts that is forecast to add about $1.5 trillion to federal deficits over 10 years. He also is making fresh complaints about "dishonest reporting" after his private comments about critical trade negotiations with Canada were published. Trump criticized Canada during an Oval Office interview Thursday with Bloomberg News, and his comments were published Friday by the Toronto Star - the deadline for the U.S. and Canada to reach agreement. The U.S. and Mexico have already agreed to terms of a renegotiated North American Free Trade Agreement. A White House spokeswoman says the U.S. and Canada continue to work toward a deal. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Google+: https://plus.google.com/b/102011028589719587178/+APArchive Tumblr: https://aparchives.tumblr.com/ Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/50a5110c4cbca1ad8126ed58f7bb835f
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US Newspapers - US Newspapers - British airways to new airways pension plan for future accrual US Newspapers - US Newspapers - British airways to new airways pension plan for future accrual British Airways is set to close the New Airways Pension Scheme to future accrual and launch a flexible benefits scheme incorporating a new defined contribution pension scheme. The airline said the move comes after consultation with the airlines trade unions and employees. The new scheme will open on 1 April 2018 and replace the airlines main UK defined benefit scheme, the New Airways Pension Scheme NAPS, and its main UK defined contribution scheme, the British Airways Retirement Plan BARP. The c... Source: http://c.newsnow.co.uk/A/2/914373478?-1938:2386:0 © US Newspapers THANK YOU for your watching SUBSCRIBE my channel for more videos: http://xuri.co/RyZXd ─────────────────── ▼ DISCLAIMER : ➤ If you have problems about copyright or label, please contact me via email or YT inbox. Thank you :) ➤ If you wanna use my uploads in your videos/streams, please give a link back to my original video, thats all ;) #LatestNews #News #WorldNews #SportsNews #TopNews #NewsToday #TodayNews #Breaking #BreakingNews #BreakingNewsToday #BreakingNewsLatestNews #LatestNews #LatestNewsToday #CNNNews #CNNBreakingNews #LocalNewsToday #HeadlineNews #RecentNews #UpdateNews #LastNews #Trump #TrumpNews #DonaldTrumpNews #News24h
Просмотров: 2 US Newspapers
John Fitzpatrick, Secretary General of The Geneva Association, on redressing the finances of underfunded U.S. public pensions plans. While there have been several municipal bankruptcies over time, on 3 December 2013, Detroit became the largest city in the U.S. to be legally eligible for Chapter 9 bankruptcy. Its ballooning deficits and large pension shortfall are characteristic of municipal bankruptcy cases. Across the country, states have posted pension funding shortfalls of over a trillion dollars. A report published by The Geneva Association, "The Public Pensions Crisis in the U.S." proposes that non-payment of annual required contributions and an unbalanced structure to pension planning are among the most significant challenges to overcome.
Просмотров: 31 TheGenevaAssociation