My Comments: If I sound like a broken record, you have my apologies. In these days of supposedly good cheer and optimism, no less an institution than Bank of America/Merrill Lynch says to be cautious. That’s good advice. As I continue working on my book/course on retirement planning, I have one eye watching what’s happening …
Continue reading Bull Market Heading for Major Correction in 2018, Bank of America Says
My Comments: I may have retired from providing investment advice but I’ve not yet left the building. What happens in the world of money still interests me both professionally and personally. Attached to this post, by way of a link to a 12 page, downloadable report, is a projection from Guggenheim that says we’ll experience …
My Comments: We do not live in a perfect world. Flaws are all around us. As responsible adults, we always try to make good decisions, and mostly we succeed. Until we don’t. If you expect to live another 20 or 30 years, the money you’ll need to pay your bills has to come from somewhere. …
Continue reading The Perfect Storm (Of The Coming Market Crisis)
My Comments: Happy Thanksgiving everyone! For those of you still not signed up and receiving monthly benefits, here’s some useful things to know. For those of you who attended my Social Security workshops, you’ll recall the acronyms that appear on every page. There's even a couple more here for you to learn. Maurie Backman - …
Continue reading 10 Social Security Terms To Know And Understand
My Comments: Some of you will see this as a political statement by me and perhaps recoil from it. I hope not. We are in the midst of a national, if not global, re-evaluation of the values that underly society. On a personal level, I’m very troubled by Trump and how his values about life, …
My Comments: There is increasing uncertainty about the stock market. This uncertainty has been growing now for the past 3 plus years. The long term trends described below, coupled with historically low interest rates, suggest the next decade will be disappointing to most of us. This analysis comes from a Guggenheim Investors report published last …
My Comments: The prevailing wisdom is that if you have money inside a 401k, or a 403b (University and other not-for-profit employees), you are stuck there until you terminate your employment. This article says you can move it. Being stuck means you can’t always make changes to insure your pile of money against a market …
Continue reading Roll Your 401k (or 403b) Into an IRA While You’re Still Working
My Comments: Last Monday, I posted comments from three people who said with conviction there was no reason to expect a market correction any time soon. Today I have someone with no discernable name who says, also with conviction, that we’ll have one next year. Here’s my take on this: if you are 60 years …
My Comments: Once again, our assumptions about the future of the current bull market are challenged. I want these writers to be right, and that too is a challenge for me. I share it with you here in hopes it gives you a better idea about what to do with your money. By Krishna Memani, …
My Comments: If you don’t think about it, maybe it’ll go away. But for millions of us, living longer than our parents, LTC is an insidious risk that needs to be dealt with. There is probably no best answer, just a better one. Short of dying early, most of us will need advanced care of …
Continue reading How to pay for long-term care? Several funding options exist
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