My Comments: To all this, I will add another reason to take your benefits early. Reason #4: You are single and might not live very long. This applies to people who are single, likely to remain that way, and have a serious health issue. If there is reason to think you might not live into …
Continue reading 3 Reasons 62-Year-Olds Should Take Social Security Now
My Comments: Financial literacy has to start somewhere. If you are planning for an eventual retirement and want to grow your money between now and then, a degree of financial literacy is mandatory. Start here… by Emma Johnson \ June 1, 2018 If you’ve ever scanned the business headlines, you’re probably familiar with terms like …
My Comments: To Make America Great Again, the presumably well intended mantra for those leading the GOP these day, someone has to overcome ignorance of economics and start paying attention to reality. A positive corporate bottom line is the driving force for a healthy US economy. To reach that goal, we need people willing to …
Continue reading The Danger From Low-Skilled Immigrants: Not Having Them
My Comments: At the national level, if we want more money to spend, both on ourselves as citizens and at the Federal level on things that require money to finance, please tell me why this administration insists on doing things that will result in less money. Yes, I know, the old and wealthy white cadre …
Continue reading Higher Tariffs Won’t Work Now Because They Never Did
My Comments: My efforts to build out an internet course on retirement planning is almost complete. I have a web site up an running and am making last minute changes to the content. There’ll be two course, one a relatively simple overview and the other a comprehensive outline with about 2 and a half hours …
Continue reading The Looming Retirement Crisis for Public and Private Employees
My Comments: I’ve never understood the fear that surfaces among some people when the term ‘socialism’ appears. What threat do they feel from this poorly understood word? Yes, I remember the McCarthy hearings and the red menace of Communism. It manifested itself in Russia and China, and was perceived as a global threat to capitalism. …
Continue reading The Forgotten Architect of the American Social Security System
My Comments: Few of you reading this are confused about my politics. So I share these words with you as someone trained in economics and finance who has been an entrepreneur in financial services for over 42 years. Our society gives us, via the Constitution, the ability to express which values are important to us …
My Comments: Medicare is an absolutely critical component if you expect to have a joyful and happy retirement. As someone who benefits monthly from it, I can attest to its value in contributing to my peace of mind. Don't vote for any politician who in any way threatens is viability. Each year, there is an …
Continue reading Medicare Open Enrollment Runs from October 15th to December 7th
My Comments: Yesterday I posted an article that talked about ‘rolling bear markets’ and what they will do to your assumptions about withdrawing money from your retirement accounts. The only answer I have is to start earlier and save more and hope for the best. And know that hope is not an effective investment strategy …
My Comments: It became accepted wisdom that a properly diversified stock portfolio can indefinitely absorb an annual 4% withdrawal rate to satisfy a need for retirement income. That assumption is now disappearing. There is growing sentiment that over the next decade, if not longer, a 4% withdrawal rate will lead to the exhaustion of your …
Continue reading ‘Rolling Bear Market’ Will Paralyze Stocks for Years: Morgan Stanley
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