5 Facts You Didn’t Know About Retirement

My Comments: For those of us who preach retirement planning, much of this is old hat. But for those of you just starting to get serious about thinking retirement, these are all valid concerns. But before you rush out and spend money, you need to better understand how you want your life to play out. …

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The Coming Bankruptcy of the American Empire

My Comments: readers of my posts know that I’m a progressive, whatever that actually means. As an economist, I choose to call myself a social capitalist, in that I strongly believe unfettered capitalism is as dangerous and corruptive as communism. This is written before trump appears on national television to tell us why his wall …

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2 Reasons Social Security Is Expected to Run in the Red 4 Years Earlier Than Previously Forecast

My Comments: Social Security was created in 1935. Apart from one in 1939, since 1950, there have been 30 Amendments across the years. The one I best remember happened in 1983 when the Full Retirement Age changed from 65 up to age 67. Additionally, the income percentage that we paid (FICA), along with the upper …

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Equity-Indexed Annuities As a Retirement Strategy

My Comments: We know for a fact that very little in life is free. And that’s certainly the case with annuities. Add to that they’re hard to understand, and are often sold for reasons that are not always in the best interest of the buyer. None of that, however, means you shouldn’t consider annuities when …

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The Shrinking Middle Class: How We Can Fix It

My Comments: My last two posts were Part I and Part II of a three part analysis of a problem facing America today. I described it as an economic cancer that while not yet fatal, has the potential to turn us into just another Middle East type country, run by an elite few with the …

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The Shrinking Middle Class: How We Got Here, And Why

My Comments: Yesterday, I posted Part I of a three part series from the staff of Fortune magazine. I was struck by it’s relevance in today’s America in terms of it’s expose of where we are as a nation, both politically and economically. In my opinion we have roughly two years to figure out whether …

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The Shrinking Middle Class: The Current State of Affairs

My Comments: I’ve always enjoyed the traditional greeting associated with today: Happy New Year! And so I offer you my heartfelt wishes for a HAPPY NEW YEAR! But the reality is that for many millions of Americans, 2019 will not be a happy year. And so I offer an apology for spoiling the fun with …

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