My Comments: Under the Obama administration, a long awaited and necessary step was taken to introduce rules that protected consumers of investment advice. It created a fiduciary standard for licensed financial professionals that formalized a ‘best interest’ mindset for professionals when working with clients. Very soon after Trump became president, he announced this idea was …
Continue reading The Fiduciary Rule Is Dead. What’s an Investor to Do Now?
My Comments: In the minds of many, capitalism is the antithesis of communism. And they are essentially right. In the minds of many, communism and socialism and fascism are one and the same. And they are essentially wrong. Communism is an economic model where the state owns everything involved in providing goods and services to …
Today’s Thoughts About Retirement: Though it can be argued that money is the root of all evil, it can also be argued that it is essential for peace of mind. The challenge for all of us is to pay our bills in a timely manner and not create burdens for our survivors. I think of …
Continue reading How to run out of life before you run out of money
My Comments: The headline says ‘really near’ but what does that mean? In my past I worked with a currency trader whose idea of a long term hold of a position he’d bought was 3 days. His idea of 'really near' was about 30 minutes. If you are now in your 30’s or 40’s, your …
Continue reading The end really is near: a play-by-play of the coming economic collapse
My Comments: I have not yet received mine but perhaps it’ll come in today’s mail. The idea is that with so much money at stake, there are too many opportunities for the bad guys to game the system. This is an effort to make that harder. I hope it works as planned. What I know …
Continue reading New Medicare cards: What to do if you haven’t received your new card
My Thoughts for Monday, Labor Day 2018: The sun is shining here, the daily showers have not yet arrived, I’ve been to the fitness center already, and life is relatively normal. Happy Labor Day! But I can get far from the reality that is our life in America these days. In many respects, it’s good …
Continue reading Watch Your Wallets — The Next Crash Is Coming
Friday’s Random Thoughts: I’ve long argued that the health care system in America is a mess. (How Did Health Care Get to Be Such a Mess?) These next words from Kevin Tolliver, a physician with a strong exposure to economics and finance, is a welcome addition to the debate. It’s taken a long time to …
Continue reading 10 things I’ve learned 10 years after I finished medical school
Tony’s thoughts about this: For those of you who have not yet ‘retired’, know that it will be dramatically different from your ‘before retired’ years. Planning for those years, if you expect to enjoy life and consider your retirement a success, is essential. My days as an active, looking for new clients financial person are …
Continue reading What Is Missing From Most Retirement Advice
Tony’s Comments: I’m becoming a Social Capitalist in my old age. On the one hand I embrace capitalism as the most viable economic model for us to follow while on the other hand know that in it’s purest form, it can be as evil and unworkable as communism at the other end of the spectrum. …
Tony’s Comments: Since today is Tuesday, this is about Social Security. For those of you who plan to retire one day, a basic understanding of Social Security and how it works is a critical element of your overall retirement planning strategy. This article appeared in Motley Fool, and for whatever reason, does not have an …
Continue reading Social Security’s Primary Insurance Amount: What Is It?
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