My Comments: I’ve argued vigorously over these past few years in favor of the PPACA, what all of us know as ObamaCare. Without it we would be at the mercy of the drug industry, hospitals and the insurance industry. Of the five primary stakeholders in the health care debate, any two of those three could …
Continue reading Obamacare Helps Add Life to Medicare as Shortfall Delayed
My Comments: When you look back ten years from now and wonder if this article came anywhere close to reality, you must remember that people are much happier with you if you estimate low returns and reality turns out to be high, rather than the other way around. The charts are hard to understand, at …
Continue reading 10-Year Investing Forecast: Takeaways for Advisors & Clients
My Comments: You have read my posts before where I talk about income inequality (the HAVES vs. the HAVE NOTS) and how if left unchecked, could result in social chaos in this country. Probably not in my lifetime, but definitely affecting the lives of my grandchildren. It’s an issue that demands discussion among ourselves and …
Continue reading The Typical Household, Now Worth a Third Less
My Comments: I’ve been playing this financial game now for almost 40 years. And like so much in today’s world, it’s very different today than it was then. Technology forces us to embrace new thoughts and ways to deal with so much in life. When it comes to managing your money, my role as an …
Continue reading Wealth Managers Enlist Savvy Spy Software to Map Portfolios
My Comments: Earlier this week I introduced the idea of a QLAC. If you didn’t see it, click on the link and check it out. Some of you are going to want to use this contract as soon as it becomes available this fall. Others are going to think about how your investment mix will …
Continue reading New Longevity Annuity Rules: 5 Things to Know
My Comments: When I talk with prospective clients and those already clients, I talk about existential risk. These are risks that may or may not happen, depending on any number of variables. One of them is inflation since it reduces the purchasing power of your dollars over time. Another existential risk is the financial burden …
My Comments: No need for any commentary from me. Just draw your own conclusions, and hope that if the author is right, you’ve talked with me about how to make money when everyone around you is losing theirs. On the other hand, essentially this same argument was made last April and yet the crash has …
Continue reading 3 Market Warning Signs Predict 20% Stock Tumble
My Comments: QLAC? What the heck is a QLAC? By Jeffrey Levine / July 18, 2014 On July 1, 2014 the Treasury Department released the long-awaited final regulations for Qualifying Longevity Annuity Contracts (QLACs). These new annuities will offer advisors a unique tool to help clients avoid outliving their money. The QLAC rules, however, are …
My Comments: On Thursday, July 30 the market dropped 300 points. The blogosphere and media were all a chatter about "was this the start of the correction?". Who knows ?!? It illustrates why those of us who profess to be financial advisors are more in the dark than you are. Here we are talking about …
Continue reading Increased Consumer Spending Driving Strong Economic Growth In USA
My Comments: It’s Friday, I’m looking forward to the weekend, and yet the world keeps spinning and I can’t keep up. I’ve found myself turning off the TV when I find airheads talking about Isreal and Gaza, not because it isn’t important, but because I’m tired of hatred that has no other rationale than “my …
Continue reading Obama Needs to Play The Honest Broker in the Mideast
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