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“How do you expect hourly workers to save a million for retirement?”

by Nilus Mattive |

I’ve been getting a lot of feedback — including a couple of interesting questions — related to the various retirement topics I’ve been writing about. So today I wanted to take a little time to address them.

Let’s start with this comment from a reader named Lawrence. He said …

“You must not have ever had to work by the hour to know what all is taken off the check every week. There are taxes … Then you have all the utilities, union dues, house payment, car payment, groceries, insurances, doctor and dentist bills, and I …

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Is the retirement crisis overblown?

by Nilus Mattive |

Every once and a while I come across an article — usually from a mainstream publication — that says there’s no retirement crisis happening here in the United States.

They say people are really better off than some of the popularly-watched metrics indicate.

They say less-prepared Americans will find ways to reduce their expenses or simply work longer.

And they say programs like Social Security ensure that nobody will really end up without a safety net during the last couple decades of life.

Of course a brand-new survey conducted for Bankrate.com just showed …

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Why Your Credit Score Is About to Change …

by Nilus Mattive |

I’ve been an outspoken critic of the FICO credit score system for years now. I don’t think it’s transparent enough. I don’t think it’s always a true reflection of your risk to lenders. And I hate that you can’t even get your own score for free (unless your bank or financial institution provides it to you as an added service).

Regardless, there’s no denying that your three-digit credit score IS important for a number of reasons.

[Editor’s note: To hear Nilus explain how your FICO score is part of a string of numbers that literally …

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MLPs and Kinder Morgan’s Big Decision

by Nilus Mattive |

I have been recommending Master Limited Partnerships for about as long as I’ve been publishing my Income Superstars newsletter. And over that entire seven-year period, Kinder Morgan Partners (KMP) has been one of my favorites.

This week, the company surprised investors by announcing that it was combining with its various sister firms into one new entity … abandoning its partnership structure in the process.

Since Master Limited Partnerships carry certain tax advantages, you might think investors would have started selling right away.

But people did just the opposite — sending Kinder Morgan up as …

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