By Paula Aven Gladych A bill scheduled for consideration today in the Government Operations Subcommittee of the Florida House of Representatives would weaken a healthy retirement system, raise taxpayer costs and force more Floridians to rely on social services, according to opponents of the measure. The bill would close the Florida Retirement System defined benefit …
Continue reading Coalition Fights Florida Retirement System Changes
I've spent a lot of time in the last few years trying to help parents and their college bound students realize there is a source of money to help pay for college that does not have to be paid back. Every college and university has funds they can use to support and encourage the students …
My Comments: This is a long post so beware. But it serves to express clearly three topics that I encounter almost every time I have a heart to heart talk with a retired, or soon to be retired client. It’s not intended to increase your fears, but rather put what fears there are in perspective …
I don’t remember the last time I said something to the effect that “I’d give my right arm to be able to do________________.” What I’m looking for right now is the ability to express an original thought about how I feel about gun control, given the nature of the national debate. Then last night my …
My Comments: Some of you are aware of my efforts to bring a new idea about medical malpractice insurance to those physicians who own their own practice. Essentially, its a financial strategy that causes 50% of the premiums to return when there are few or no claims made in any given year. Clearly, not all …
Continue reading New Survey Validates That US Physicians are Ailing
By Peter Orszag Improved value would have more fiscal impact than any policy change, says Peter Orszag Healthcare costs are the core long-term fiscal challenge facing the US – and yet also the best hope for cushioning workers from globalisation. This is why the recent deceleration of these costs is so encouraging – and why …
My Comment: This is sort of a follow up to the blog post yesterday where the topic was how advances in technology tended to kill the opportunity for job increases. It’s clear that there is no definitive answer. Trying to stop the advance of technology is not unlike good king whomever who is remembered for …
Continue reading The Robot-v-Worker Debate on Job Losses/Gains
My Comments: There is usually a disconnect between how the economy is perceived and how well the investment world is doing. There are three reasons why stock prices increase: earnings, earnings, earnings. If those are doing OK, then the price is going to increase since more people are buying stocks than are selling. Globalization, an …
My Comments: There is no getting around the massive drain on our treasury and our military for the two wars we have engaged in over the past 13 years. One can argue their merits or lack thereof but the cost has been in the trillions, the lives impacted in the hundreds of thousands, and one …
My Comments: Nouriel Roubini is one of those intellectual giants in the world of finance that I enjoy following. He's generally an optimist who is right perhaps 50% of the time. I'm more comfortable with that than a pessimist who is always preaching woe and gloom and is right 25% of the time. By Danielle …
Helping Define Your Financial Future 