My Comments: As someone with presumed knowledge about investing money, my record over these past 24 months has been pathetic. I’ve been defensive, expecting the markets to experience a significant correction “soon”… I lived through the crash of 1987, the crash in 2000, and then the Great Recession crash in 2008-09. I saw first hand …
Continue reading One Of The Most Overbought Markets In History
My Comments: Have you noticed a flurry of ads on TV recently talking about Medicare and all the benefits you are entitled to for one easy price per month? I have. The ads promote the use of Medicare Plan C, also known as Medicare Advantage plans. They are a sop to the insurance industry, giving …
Continue reading Medicare open enrollment begins Sunday – and not just for those age 65 and up…
My Comments: As someone born on British soil, I am more than casually interested as Britain comes to terms with it’s choice to leave the European Union. Immigration is but one of several areas with huge economic implications for Britain in the coming years. There are parallels between what is expressed in this article by …
Continue reading Why Britain needs the immigrants it doesn’t want
My Comments: Politicians apparently have no earthly idea what getting old does to your finances. Of the 50 state Medicaid directors, red states and blue states, all 50 came out in opposition to the most recent attempt by Congress to repeal the ACA or ObamaCare. None of us are willing to allow the elderly to …
Continue reading How to Get Medicaid for Nursing Home Care Without Going Broke
My Comments: I argued last week (Is Capitalism Killing America?) that pure communism and pure capitalism are flawed economic models for society. They simply define the ends of a continuum along which we as a society are struggling to place ourselves. I think this topic needs a better understanding. Mindful that economics is as easy …
Continue reading The End Of Capitalism Is Already Starting–If You Know Where To Look
My Comments: The article below by Jane Bryant Quinn in the AARP Bulletin are fine, as far as they go. My initial reaction was to reject her comments out of hand as they reflect a bias that to my mind is not accurate. But then I decided to expand on her thoughts. I apologize if …
Continue reading FIA: Dream Investment or Potential Nightmare?
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 …
My Comments: There are a lot more than 4. But it’s a start. Wherever you are on life’s trajectory, what we call ‘retirement’ is somewhere in there. And unlike some things in life, it’s not something we get to practice in advance. Getting older is a one time thing and if you get there, you …
Continue reading Retirement: 4 financial issues you’re probably not planning for
My Comments: The first monthly Social Security income benefit ever paid was to Ida May Fuller on January 30, 1940. Today, some 77 years later, it is a critical income source for millions of Americans. This article by Sean Williams confirms the role Social Security plays in the lives of millions of Americans, and I’m …
Continue reading A Majority of Working Americans Are Completely Wrong About Social Security
My Comments: This thought comes from Neel Kashkari, President of the Minneapolis Federal Reserve Bank. I repeat them here for two reasons: one, investment returns correlate positively with economic growth and two, young people in this country are having fewer children. Why are we encouraged to fear immigrants and immigration? What threat do they actually …
Helping Define Your Financial Future 