5 Long-Term Care Stats That Will Blow You Away

My Comments: As someone with more years under my belt that I like to think about, dealing with the potential costs of long term care is never far from my mind. We all know that sooner or later the light will go out, but none of can be sure it will go out quickly. And …

Continue reading 5 Long-Term Care Stats That Will Blow You Away

A Radical, Redistributive Re-imagining of Capitalism?

My Comments: You may have heard me describe myself as a Social Capitalist. That term is my effort to describle my views as an economist troubled by the widening gap in income across this country. Sooner or later we have to come to terms with what I call unfettered capitalism which in my judgement, has …

Continue reading A Radical, Redistributive Re-imagining of Capitalism?

What to Do with All Those Old 401(k)s and IRAs

It's about as fun as herding cats, but rounding up all your IRAs and 401(k)s into just one or two accounts can really simplify your financial life. My Comments: The IRS says you can have as many retirment accounts as you like. All they care about is getting their share of the money when you …

Continue reading What to Do with All Those Old 401(k)s and IRAs

Retirees across America are facing a fiscal crisis as Social Security weakens

My Comments: I post this because you and I have the power to make sure the Social Security safety net is fixed so it remains viable well into this century. To make that happen, we have to put pressure on those whom we elect to represent us at the Federal level. It was last fixed …

Continue reading Retirees across America are facing a fiscal crisis as Social Security weakens

Warning: Many Face Nearly Impossible Task of Financing 30 Years of Retirement With 40 Years Of Work

My Comments: Yesterday, I talked about the need for new people to enter the work force. Today I'm talking about people who cannot leave the work force. There are an increasing number of baby boomers who cannot leave the work force because they simply don't have enough money. It presents an untenable outcome: die sooner …

Continue reading Warning: Many Face Nearly Impossible Task of Financing 30 Years of Retirement With 40 Years Of Work

The Shrinking Middle Class: How We Can Fix It

My Comments: My last two posts were Part I and Part II of a three part analysis of a problem facing America today. I described it as an economic cancer that while not yet fatal, has the potential to turn us into just another Middle East type country, run by an elite few with the …

Continue reading The Shrinking Middle Class: How We Can Fix It

One More Reason to Doubt the Stock Market Rally

My Comments: I’m now out of the markets with the exception of a Vanguard fund focused on high dividend yield stocks. And I may get out of that today… or not… By Daren Fonda \ Nov. 30, 2018 Dovish comments by Federal Reserve Chairman Jerome Powell sent the stock market soaring on Wednesday. But bond …

Continue reading One More Reason to Doubt the Stock Market Rally