My Comments: Followers of my posts have heard me say that income inequality is the greatest existential threat to our society. It ranks up there with global warming. The path we appear to be on right now, both here in the States and across the planet, will not change until this issue is addressed. It …
Continue reading The Forces Behind Income Inequality in America
My Comments: In 1983, when Social Security was on the verge of going broke, Congress made some changes to keep it alive and well. It’s again on the verge of going broke and there are ways to fix it. But were not yet close enough to the edge of the cliff for there to be …
My Comments: How fast will your money grow? An expectation of growing money at an annual rate of 7% to 10% going forward is probably unrealistic. Interest rates and inflation rates are relatively low, and global economic growth rates are likely to slow down over the next two decades. See my earlier posts to understand …
Continue reading A 60-40 Portfolio Could Return Less Than A Savings Account
My Comments: This doesn’t tell the whole story. But it helps. And, yes, this does have political implications. Make America Great Again is a very complicated matter. What a surprise. And you thought it would be easy and would happen overnight after we drained the swamp. Well... Donald Boudreaux is a senior fellow with the …
Continue reading Protectionists Are Wrong About Unemployment
My Comments: Retirement means different things to each of us; it may be when we quit a long career, or we need something less intensive, our current employer sucks, or maybe we simply stop working. If you’ve been disciplined, it’s time to let your money start working for you, always assuming you have some. But …
My Comments: It’s a given there will be a ‘next recession’. People much smarter than me say it’s not many months away. It’s a normal event and we’ll most likely survive. What we may not survive, however, apart from a random collision with an asteroid, are the effects of income inequality across the planet and …
My Comments: Be assured, I have no idea. But then, I don’t know what I’m going to have for lunch either. All I know is that I will have lunch and one of these days, this bull market will end. The trick is to understand that it will end, and if you’re not ready to …
My Comments: trump famously commented that he had no idea health care reform could be so complicated. There are five principal stakeholders in our health care delivery system: insurance companies, pharmaceutical companies, hospitals, the medical profession, and lastly, we the consuming public. All five have vested interests they want to grow and preserve, and all …
My Comments: Dr. Doom here once again! Fundamentally, I’m an optimist, except when the shadows of doom are clearly in the wings. If your money is exposed to the markets, I encourage you to read this. If you can, look carefully at the chart and note the changes in key metrics for our economy between …
My Comments: Some people have an innate ability to look after money. Others, not so much. This is especially critical as you transition from working FOR money to when money is working FOR YOU. We call this retirement. It’s further complicated because the financial advice industry is now undergoing a massive shift in how you …
Helping Define Your Financial Future 