Ideas with no specific focus
My Comments: Health issues in retirement are a given for those of us not already passed. Whether they end up costing an arm and a leg depends to some extent on how prepared we are before they happen. Both my wife and I are covered by Medicare and each of us has a ‘medigap’ insurance …
Continue reading How to Prepare for Costs Medicare Won’t Cover
My Comments: If you’ve read my blog posts these past few months and years, you know that I have no idea what is coming next. What I do know, however, is that anyone who says “it’s different this time" is full of s**t. It’s the nature of the beast for there to be corrections, and …
My Comments: This comes from Britain, so a little translation may be required, but the message is useful here. Last month, I had a conversation with an widowed client (81 y/o) who was sent an 'encouraging’ letter, urging her to buy an extended warranty for her 7 year old car. It caused her to be …
Continue reading 10 Financial Services That Are A Waste of Money
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: 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: 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 author of this article, Robert J. Shiller, is one of the worlds best known economists. To borrow a phrase, when he speaks, you should listen. I’m phasing out of the investment advisory world. My skills are eroding. But I plan to keep myself informed and sharing ideas that I believe make sense …
I'm now working on the graphics for my internet course about Retirement Planning. Please mark the one you like best, or NONE of them. Many thanks. Tony
I'm creating an internet course to help people know which questions to ask about retirement before they start worrying about the answers. Part of the process is to register a domain name for everything related to the course. I've come up with four possible names. There were several others but they were already taken or …
My Comments: Those of us alive in the 70’s and early 1980’s recall a time when inflation was so high it dominated any economic discussion. Those of us still alive today and getting Social Security benefits enjoy the increase that sometimes happens every year in January. It’s a cost of living adjustment or COLA. In …
Continue reading How Much Will Social Security Benefits Increase In 2018?
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