Americans have often been accused of doing a poor job of planning for their financial needs in retirement. However, two new reports suggest workers are doing a much better job of saving and investing for the future.
Another financial criminal is on his way to prison, where he will likely spend the rest of his life for running a $7 billion investment scam. R. Allen Stanford was sentenced on Thursday to 110 years in prison for operating a Ponzi scheme that promised investors safe investments and above average returns on their money.
Each day, homeless seniors seek help at Senior Community Centers and with other social service organizations. Most of these men and women are good people who have done the “right” thing only to have life intervene. Health problems or loss of job are typically the culprits for senior homelessness.
Through at least 2030, the housing market will depend on the desires and fortunes of two generations: baby boomers and a group primarily made up of their offspring, echo boomers, according to a recently released report prepared for the Washington, D.C.-based Bipartisan Policy Center.
In an economy that has produced many start-ups, as some people have sought to turn misfortune into opportunity, Arnold Jaffa, 82, isn't the least bit interested in letting go of what he considers to be a major part of himself -- a desire to help people succeed.
Derek Davis, president and founder of DavisReed Construction, describes his company as fast-moving and adaptable, creative and quick thinking, with a more relaxed culture and an emphasis on the individual. If that sounds more like a startup than a general contractor with as much as $300 million in revenues, it’s by design.