My Comments: I want 45 to be successful. It’s not in my best interest as a citizen of these United States to have a duly elected official fail. But the odds of that happening are increasingly likely. By Gloria Borger, CNN Chief Political Analyst \ Wed May 3, 2017 It's been 11 weeks since Gen. …
Tag: adviser
Retirement Paths to Follow
My Comments: Which of the six paths described by Nancy Schlossberg in the following article will you follow? Personally, my thoughts are that whichever one seems right for you, it’s helpful to remember the three phases of retirement that I describe. These are the Go-Go years, the Slow-Go years and the No-Go years. Assuming you …
The Keys to American Growth
My Comments: Demographics is an economic force to understand. Without people, growth and prosperity will diminish. Neither children nor the elderly can be counted on to work the fields and build houses. That leaves people in the middle and unless we grow them at home, we have to import them from somewhere else. That means …
Make Social Security Great Again
My Comments: Short and sweet. Sean Williams / Jan 29, 2017 For more than 75 years the Social Security program has protected the financial well-being of our nation's retired workforce. Today, more than 41 million retired workers are receiving monthly benefit checks from Social Security, a majority of whom need that income to meet their …
An Overvalued Stock Market?
My Comments: Dr. Doom here again. And boy, do I love this first chart. Many of my colleagues have been encouraging our clients to sit on the sidelines now for about two years or more. And we’ve been blasted because the DOW and the S&P just keeps going up. Unless you believe the world has …
A few more Laws from Murphy
A reminder: Murphy’s Law states that if anything can go wrong, it will. So here are a few more: Cohen's Law: What really matters is the name you succeed in imposing on the facts, not the facts themselves. Manly's Maxim: Logic is a systematic method of coming to the wrong conclusion with confidence. Murphy's Corollary: …
Saving for Retirement
My Comments: It’s a truism in our society that having more money rather than less money is a good thing. And retirement, by definition, is a time in your life when earning money to pay bills and enjoy life is not in the cards. That being said, if you expect or need to transition to …
Cheap Electricity and Food
My Comments: Over the next 25 years, the US will resume it’s role as THE major global economic influence. You can argue it will happen as a result of bringing coal mining jobs back to Appalachia or because there will be a wall built along our Mexican border, one built by Mexico with help from …
Medicare Statistics
My Comments: Medicare is a critical element for retired Americans. These statistics are not jaw-dropping but re-affirm our need to be very careful about making changes to Medicare. I’m not convinced the folks in Congress have my best interests in mind when they talk about making changes. Consider yourself enlightened. Maurie Backman | Apr 20, …
How Not To Screw Up Your Investments
My Comments: Basic stuff for some of us; gibberish for others. So if you have difficulty with this, ask your financial advisor for help. Dana Anspach on April 6, 2017 Smart investors follow an asset allocation plan. An asset allocation plan tells you how much of your total investments should be in stocks versus bonds …
Helping Define Your Financial Future 