When inflation is high for any extended period, people start to expect it to remain so. The latest (June) Citi/YouGov inflation tracker shows the public expecting inflation of 3.9 per cent over the next twelve months. Apart from a large downward blip in April 2011 (to 2.9 per cent), this figure has been rising fairly [...]
Ordinary mortals may stretch their eyes at calculations that public sector employees earning £32,000 a year are retiring with pension pots worth £500,000.
Even with today’s historic low interest rates – and correspondingly low annuity yields – and the high value of an inflation-proofed pension that few can now afford in the private sector, can it [...]
House Resolution 1351 A bill introduced by Rep. Stephen Lynch (MA), the ranking Democrat on the Committee on Oversight and Government Reform, would address the cause of the USPS financial crisis without cutting pay and benefits, eliminating collective bargaining rights, or slashing service. H.R. 1351 would: Allow the USPS to use billions of dollars in [...]
Many commentators still cling to the idea that in 2008 and 2009 there was no credible alternative to bailing out the banks with taxpayer recapitalisation schemes. Indeed, many declare these bailouts a “success” despite the fact that they led to the worst year of recession in the UK since 1921, a contraction of Irish nominal [...]
CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Recent Posts The Consequences of Default CBO Makes the Case for Strict Pay-As-You-Go PAYGO Rules MY VIEW : Erskine Bowles Alan Simpson Line’ Items : Columbo Edition The Economic Effects of High Debt A Solution for the Debt Ceiling Debate Spending and Revenue in the Long Term Outlook Health Care Versus Aging By month June 2011 51 May 2011 48 April 2011 55 March 2011 68 February 2011 55 January 2011 59 December 2010 46 November 2010 60 October 2010 53 September 2010 41 August 2010 43 July 2010 60 All Archives By Keyword Budget 197 CBO 100 Congress 224 Deficits and Debt 350 Economy 133 Fiscal News 121 Health Care 128 National Debt 111
Unless something odd happens, this week is likely to see an interesting but under-announced milestone: falls in house prices, in real terms, from their 2007 peak, exceeding 30 per cent (on the well-known Halifax measure). In cash terms, house prices peaked in August 2007, and fell 22 per cent to March 2009. After picking up [...]
Most large retirement plans don’t worry about the maximum pension deduction limit because the plan benefits (and related contributions) are often well below the IRS limits. However, small- and medium-sized retirement plans can unknowingly run into the limits. This post summarizes important deduction pitfalls to be aware of. Self-employment “earned income” limit [§404(a)(8)]. For self-employed [...]
CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Recent Posts The Economic Effects of High Debt A Solution for the Debt Ceiling Debate Spending and Revenue in the Long Term Outlook Health Care Versus Aging CBO's Elmendorf to Testify Before House Budget Committee at 10am Today The Differences Between the Two Baselines The CBO Long Term Outlook Is Here Yes , Fix the SGR , But Pay for It Too By month June 2011 47 May 2011 48 April 2011 55 March 2011 68 February 2011 55 January 2011 59 December 2010 46 November 2010 60 October 2010 53 September 2010 41 August 2010 43 July 2010 60 All Archives By Keyword Budget 197 CBO 100 Congress 224 Deficits and Debt 350 Economy 133 Fiscal News 121
David Cameron may have won his battle to keep Britain out of a second EU bail-out for Greece – but that doesn’t alter the long-term inevitability of Greece’s departure from the eurozone.
There are two claims I hear repeated about Greece that I’d like to take this opportunity to knock down. The first myth is that [...]
The IRS finally released the 2009 Form 8955-SSA used for reporting participants with deferred vested pension benefits. They also extended the deadline for the 2009 and 2010 filings from August 1, 2011 to January 17, 2012. Here are links to: 2009 Form 8955-SSA (fill-in the box version) Instructions for Form 8955-SSA Employee Plans News with [...]
During the plan termination process, one issue often overlooked is the consequences of investment risk prior to paying out benefits. This can lead to disastrous results. Benefits may be fully-funded when the termination decision is made, but significant contributions will be required if assets are not invested conservatively and a market downturn occurs prior to [...]