They Will Come for Our Money
Rodney Johnson | April 16, 2019 | I find myself thinking more about retirement. I don’t want to trade my daily routine for the cruise ship, but I’m developing a laser focus on generating more income that I can put away for later use… which explains my latest business foray into the golf cart rental business. The venture is turning a profit after a couple of months, and our biggest battle right now is with mother nature. What I would give for a sunny weekend on the Texas coast! But I face bigger hurdles in my efforts to generate cash than just the weather: the Fed and the tax man. And the two intersect in a very unlikely place: pensions. University of Oregon football coach and athletic director Mike Bellotti sums up the issue nicely. He doesn’t expound on financial topics or pick apart Fed policy. But he does collect $46,583.00 in retirement benefits… every single month. Bellotti’s an outlier, of course, but he’s not alone. Joseph Robertson, the retired head of Oregon Health & Science University, pockets $76,111 in pension benefits each month. Apparently, to succeed in retirement we should all work in higher education in Oregon. But the system can only pay the benefits as long as there’s money in the kitty. And that’s the rub. READ MORE » | In a brand-new presentation, Harry Dent gives you a glimpse into the most crucial tools and metrics he's used to accurately forecast some of the most major financial events in the last 35 years. You'll find out what this unparalleled research is saying about our economy RIGHT NOW… and what the mainstream media refuses to admit. NOW is the time to get the REAL truth about our economy and where it's headed, so you can prepare and protect the wealth you've work so hard to build while there's still time. Click here to register now! | Trending Stories... This is an expensive week for me. Our wedding anniversary is the 14th, Tax Day is the 15th, and my youngest child's birthday falls on the 16th. Only two of those days make me happy. This year I'm getting a bit of a refund, but I'll never see it. Because my income varies, it's hard... Did you know that the major leading indicator of the great 2008/9 financial crisis was real estate? In fact, real estate has played a significant role in the majority of economic and financial crisis of the last three centuries. The real estate bubble peaked in early 2006… way before the stock market bubble peaked in... Hedge fund manager Ray Dalio entered the mainstream recently when he granted an interview to CBS's 60 Minutes. Before that, he and his shop, Bridgewater, were only common names among financial people who both revered their ability to make money and were a bit skeptical of the way the shop operates. Among other things, Dalio... Tax Day Monday. Have you filed yet? A tax professional friend of mine told me recently that he's surprised every year to see how many people leave their tax filing to the last minute. Maybe they're too busy. Maybe they live under a rock… Regardless, they can't escape it. As U.S. citizens, we wear the... I love the Brits. At one time, the plucky people across the pond controlled most of the developed world. They conquered places, established trade routes, and even repelled potential invaders. All the while, they kept a stiff upper lip and relied on personal responsibility. The British government created the "Keep Calm and Carry On" motto... | 
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