My Comments: Those of you who read my posts regularly know that I am a proponent of the PPACA. I fully expect it to morph over the next several years as unexpected and unintended consequences surface. Ten years from now, it will only resemble the initial legislation. The source of this article is generally very, …
Category: Investment Planning
Biggest Retirement Threat? It’s Not Running Out Of Money
My Comments: This is certainly a different slant on things. As a financial planner and advisor these many years, running out of money has been the major threat for those of us thinking about retiring or who are already retired. How do we make sure we’re not broke before we die? Just what I need; …
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Why Medicare Won’t Cover You Overseas
My Comments: It's been a few years since my wife and I last travelled out of the country. During this time, she and I both became eligible for Medicare benefits. And given my health history over these past few years, without Medicare we would have been financially stressed. We still have expectations of visiting family …
Sea Levels in Europe Could Rise up to 1m by 2100, Say Scientists
My Comments: As a resident of Florida, I’m pleased that I chose to live in Gainesville, which is significantly higher above sea level than say, most of the suburbes in the Jacksonville area. And as a planner, I recognize I’ll be long gone in 2100 but probably not members of my family, some of whom …
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Stuck in the Mud: Beyond America’s Fiscal Trench Lines
My Comments: I recall a conversation I had some three years ago where someone asked me if I followed Keynes or did I follow the Austrian approach. Not knowing at the time just what this person was asking, I responded “Keynes” since I knew more or less how Keynes mind worked and had no idea …
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Goodbye Capital Gains Tax Breaks
Momentum is building for a tax code overhaul, and lower taxes on stock transactions could be doomed. By Joy Taylor, May 6, 2013 Tax breaks for capital gains and dividends are likely to end by 2015, as lawmakers look for ways to broaden the tax base, allowing income tax rates on individuals to be cut. …
US Expects First Cut in Debt Since 2007
My Comments: There is good news here and there if you look beyond the crisis de jour. By: Michael Mackenzie / Published: Tuesday, 30 Apr 2013 / The Financial Times, London The U.S. Treasury expects to pay down debt in the second quarter of 2013 as the budget deficit that has dominated national politics starts …
Investor Optimism Rose in March
My Comments: I have no idea what I’m having for supper tonight, much less how the markets are going to perform over the next several months and years. However, assuming I haven’t left the building, I expect to eat something, and in like manner, I expect the markets to move up and down with a …
The Disclosure Paradox: How Much Information Is Too Much?
Too much information can be as harmful to retirement plan decisions as too little. My Comments: Somewhere along the way during my last 40 years in the world of financial services, I read or was told that at some point you have to make a decision. You cannot simply attempt to absorb more and more …
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Record U.S. Stocks at Lowest Valuation Since 1980
My Comments: Many of my clients are elderly clients. For many, their investment horizon going forward is not 20 years or more. They have little need to take what many of them think of as aggressive steps to grow their money. On the other hand, good advisors today are encouraging their clients to be more …
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Helping Define Your Financial Future 