Getty Images Whether you've put together a business plan or an investment proposal, you're going to need an executive summary to preface your report. The summary should include the major details of your report, but it's important not to bore the reader with minutiae. Save the analysis, charts, numbers, and glowing reviews for the report itself.
Simon James via Flickr That definition captures the two-sided nature of a promise. One party offers an assurance, which the other converts into an expectation. You deposit money in your checking account, and the bank assures you that you can have it back on demand.
You expect that the bank will fulfill its promise when you visit an ATM.
Governments likewise make promises, but those are different. Government is the ultimate enforcer of promises, but we have no recourse if it chooses to break them — except at the ballot box.
We pay taxes our whole working lives and expect the government to give us retirement benefits.
Three weeks ago we visited the problems with local and state pensions. Last week we looked at European pensions. This week we are going to take a hard look at the unfunded liabilities and debt of the US government. And even though the federal unfunded pension liabilities dwarf those of state and local pensions, I want to make it clear that I believe the state and local problems will be far more intractable.
I have to warn you: You may be hopping mad when you finish reading this. Subscribe now and receive the full version of John Mauldin's Thoughts from the Frontline delivered to your inbox each week.
Subscribe Now Already have an account? Click here to log-in. We never share your email with third parties. Thank you for subscribing In the United States we have two national programs to care for the elderly. Social Security provides a small pension, and Medicare covers medical expenses. All workers pay taxes that supposedly fund the benefits we may someday receive.
Neither of these programs is comprehensive. Living on Social Security benefits alone is a pretty meager existence.
Medicare has deductibles and copayments that can add up quickly. Both programs assume people have their own savings and other resources. Nevertheless, the programs are crucial to millions of retirees, many of whom work well past 65 just to keep up with their routine expenses.
This chart from my friend John Burns shows the growing trend among generations to work past age Limited though Social Security and Medicare are, we attribute one huge benefit to them: Uncle Sam will always pay them — he promised.
And to his credit, Uncle Sam is trying hard to keep his end of the deal. Actually, a massive amount of debt:An overview of the causes and consequences of the global financial crisis that hit the world in , last updated September 30, But let’s actually get to the show-and-tell portion, so you can see what I’m talking about.
Without further ado, it’s the full financial rundown at the time we’re reaching the goal post (or the starting line, depending how you see the early retirement journey).
I write to you from the depths of an epic heatwave here in Vermont. With temperatures cresting 90 most days, we are officially on swelter alert, which is highly aberrational for us–our summers are usually much more temperate with only sporadic forays into the 80s or, at worst, 90s. A breakdown cover policy covers you for roadside repairs if your vehicle breaks down while you’re out and about.
Most breakdown cover companies will offer roadside assistance as a minimum. a financial proposal. The solution • forces you to write down facts clearly and objectively • helps you to identify and clearly define products, markets and suppliers two subsequent loss years (year-end September 30).
Book value of the company is $,, and.
But you only have to know about the small section of the iceberg above the water to get that first book written!
Here are the basics. [If you want to get started right now, check out my course: How to Write a Novel: From First Draft to Finished Manuscript.] (1) Understand what you’re writing and why.