Misconceptions thwart successful retirements
By Chia-Li Chen My husband has been pushing me for some time to retire early. My answer has always been “no.” Now I have recently published peer-reviewed research to back me up. I took U.S. government population data, including the Survey of Income and Program Participation from the Census Bureau, and used simulations to measure Read More →
Plan before claiming Social Security benefits
By Chia-Li Chien Our thriving society causes us to feel entitled to certain levels of service and benefits. For example, after I became a regular Uber and Lyft passenger after my near-death car accident in 2014, I became spoiled by the convenience of using Uber or Lyft to travel to airports, events or business meetings Read More →
Pay increased for federal employees in SLO County
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Chien: Myths about business succession
By Chia-Li Chien Anyone can start a business, but maintaining a successful business requires careful and deliberate actions. Successfully cashing out is even harder. Peter started his restaurant business with three partners 20 years ago. BG Inc. is located in a quaint New England town that has a great reputation. Peter is approaching 70. He Read More →
Entrepreneurs should plan for retirement
By Lee Schuh Few entrepreneurs really think about preparing financially for retirement. Too many are depending on Social Security. Frankly, Social Security is only a safety net and not intended to be anything else. You are not going to have a very satisfactory retirement if Social Security is the major financial contributor. When asked Read More →
Forcing workers to save may be key to retirement
Taxes and savings are much in the news these days. Baby boomers aren’t saving enough for retirement. Millennials will need $2 million portfolios in order to achieve a decent level of retirement income. Federal income taxes are too high – and don’t get us started about California. Old-fashioned pensions are largely gone from the private Read More →
