It’s entirely possible Congress will do it’s thing and pass new legislation now known as the SECURE Act. The name comes from Setting Every Community Up for Retirement Enhancement. I wrote about it earlier in July. A key provision of this pending legislation is that it will allow more businesses to offer 401(k) plans that …
Category: by Tony Kendzior
Does the Trade War = A Bear Market?
I’ve been waiting for the next significant market decline for longer than I can remember. As an adult working in financial services, I’m now into my 5th decade of paying attention to global economic trends. I like to think I understand at least some of the dynamics that define investments. The last bear market ended …
What is the pending SECURE Act from Congress?
First, SECURE is the acronym for Setting Every Community Up for Retirement Enhancement. Someone stayed awake nights coming up with all that. Second, it’s an attempt to bring the federal regulations about money saved for retirement purposes further into the 21st Century. Too many Americans are grossly unprepared for retirement and many that are prepared …
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To Pay Fees or Not to Pay Fees?
After 43 years as an entrepreneur in financial services, I now think of myself as officially retired. But that doesn’t mean I’m divorced from what kept me busy those 43 years and provided a living wage. It’s just that my focus today is very different from what it was when I was trolling for new …
Can We, and/or Should We, Fix Social Security?
Our existing Social Security system lives comfortably in the capitalist economic model we have here in the US. We can agree it has flaws which need to be addressed from time to time. The current flaw is that without some changes, it won’t be able to provide the financial safety net for older Americans that …
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Life Expectancy and Retirement
I’ve blogged before about the cost of healthcare in this country and how it compares with other industrialized nations across the planet. Of the top 25 such countries, we rank in the bottom 20% in terms of healthcare outcomes (longevity) and what we pay to achieve that dubious distinction. And our longevity numbers have dropped …
Spending Money in Retirement
Some of you will have heard me talk about the three phases of retirement. What I call the GO-GO Years, the SLO-GO Years, and finally, if you make it that far, the No-GO Years. There are going to be valid reasons to want to spend more money right after you retire. At the same time, …
Will Capitalism Allow This Idea?
I’ve been having ‘discussions’ lately with people I’ve known for years that now have issues with my so called ‘leftist’ ideas. They’ve gone so far as to suggest people with values like mine should just be ‘locked up.’ And here I thought they felt safe in a constitutional democracy. One person seemed to gleefully correct …
Should We Support Medicare for All?
Those of us on the left end of the political spectrum are hearing some of our prospective 2020 candidates talk about ‘Medicare for All”. I think that’s a mistake. Not because I think ‘universal health care’ is a bad idea, but calling it ‘Medicare for All’ carries with it the implication of a massive government …
Why Own A Life Insurance Policy?
When I started my professional life in financial services, the world was a very different place. My first license gave me permission to talk about and get paid for selling life insurance policies. Here I am today, in my later years, almost fully retired, and only yesterday I received a call from an old friend, …
Helping Define Your Financial Future 