I follow an internet magazine that can be described politically as progressive. Early last month a summary of articles appeared in my email inbox that included one entitled Reverse Mortgages: The Final Blow Killing Middle Class Wealth by Egberto Willies. The date it first appeared was August 18, 2013. The author claims that reverse mortgages …
Author: Tony Kendzior, CLU, ChFC - Financial Planner
I've lived happily, raised a family, and enjoyed a professional life in Gainesville for over 50 years. The next several years are full of promise. My goal is to find new clients, new friends and somehow share the wisdom I've accumulated over these many years. And when I have time, play a little golf and travel with my family. Cheers!
A Painful but Healthy Adjustment
My Comments: Reassuring comments here from a trusted thinker on the markets. No guarantees but if you have at least a 5 year time horizon, we will be OK. Just don’t get caught up in the media rhetoric and the pointing of fingers. Almost all of it is stupid, ill informed, and self-serving. Life happens, …
Financial Gravity
My Comments: It's easy to get upset by what is happening to the stock market, the bond market, and trying to make sense of it all. You either quit thinking about it or try to get your brain around it so that it fades into the background. Or not. Most think the crash of 2008-09 …
Social Security: 8 Savings Strategies
My Comments: My monthly Social Security benefits, coupled with Medicare, are a critical element contributing to our peace of mind as the years roll by. I don’t care if others argue against us becoming a socialist society. To some degree, we’ve been one since 1776. Aug 14, 2015 | By Suzanne Woolley (Bloomberg Business) -- …
Israel: The Case Against Attacking Iran
My Comments: George Friedman has an international reputation for his knowledge about how the world works and his ability to articulate credible analyses of what is going on. This is a fascinating article that’s very relevant to the current questions about Iran and how the world needs to respond to the existential threat they pose. …
Pressure Mounts on China
My Comments: None. This speaks for itself. Commentary by Scott Minerd, Chairman of Investments and Global CIO, Guggenheim Partners, August 21, 2015 More bad news out of Asia: Chinese manufacturing conditions are back at the same levels as they were at the height of the financial crisis in 2009, a clear sign that China’s economy …
2 Phase Bear Markets
My Comments: This is a great overview that needs to be read and understood if you have money in the markets, especially retirement money. If you know how, you can find ways to make it grow when everyone around you is falling backwards. There is a link so you can see the great visuals and …
Get Ready For A Bear Market
My Comments: This person may be right, or not. Yesterdays sell-off sure was ominous but you never “know” until it’s too late. One way to profit from the downturn is with alternative investments. Only very few investment managers use them as a matter of course when promoting their skill set to the public. Those of …
Fundamental Truths
My Comments: If you have money invested somewhere you may be wondering how the next several months are going to unfold. We’re in the sixth year of a bull market and that’s a historically long time without a serious correction. This commentary by a very knowledgeable person may give you some insights worth having. Commentary …
Does the Government Steal Your House When You Get a Reverse Mortgage?
My Comments: People of my age are living a lot longer than before, and many of us are still distressed by what we now call the Great Recession. Whatever your financial circumstances, it’s proven once again that in our society, having more money is better than having less money. Many of us are increasingly frustrated …
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