My Comments: This was written almost five years ago. During these years, every reader today is almost five years older and while the world has changed dramatically, the demographics are still with us. Among the existential risks we all face is what is known as a Long-Term Care, or LTC event. Before we all die, …
Continue reading What’s Killing The Long-Term Care Insurance Industry?
My Comments: Just 7? No, there are lots more, but you have to start somewhere. The first element reflects my personal approach to this. There has to be a real understanding of the difference between strategies and tactics. There’s a reason that seems militaristic because it is. I’ve just borrowed it to use in financial …
My Comments: To my Trump supporting friends, this is not a rant against our president. Governments work, or don't work, on vastly different rule sets than does private enterprise. Government is a public enterprise and the outcomes by their very nature will be markedly different. His skills as a businessman don't necessarily translate effectively to …
My Comments: This is far and away the most coherent overview I’ve read that addresses the problems faced by Social Security going forward. Now we have to convince the politicians that it’s in everyone’s best interest to take remedial action. Sean Williams \ Apr 8, 2017 \ https://tinyurl.com/y8qnxfny The data doesn't lie: a majority of …
Continue reading Social Security Is Failing Because the Program Is Antiquated
My Comments: Which approach is best for you? Not for me, but for YOU? For the past dozen years or more, my efforts on behalf of clients to use historically good fund managers has largely failed. And not just because of what happened in 2008-09. Yes, I still made my money as an advisor. But …
My Comments: This may be far too long to read in one sitting. But if, like me, you are willing to absorb some rather heavy reading, you may find yourself somewhat relieved by the message. Stephen Sestanovich | May 2017 Every 20 years or so—the regularity is a little astonishing—Americans hold a serious debate about …
Continue reading The Brilliant Incoherence of Trump’s Foreign Policy
My Comments: No need to freak out here; it’s not written in a strange language. This is a short, understandable comment that appeared in a fundamentally sound forum about business and economics. Unless we are happy being in debt to someone else, our primary effort is to spend less than we actually earn, since taxes …
My Comments: I’ve yet to find anyone who fully understands Social Security. Especially among working class Americans whose future standard of living will depend to some degree on the benefits they receive from Social Security. And I readily admit to being one of those people. Sometimes, it’s just helpful to understand the mistakes to be …
Continue reading Avoid These 6 Social Security Claiming Mistakes
My Comments: There are times to be cautious and there are times to throw caution to the winds. As you get older, caution is increasingly common. One way to solve your dilemma is to focus efforts on limiting what we call downside risk. That’s the opposite of upside risk for those of you just figuring …
Continue reading Why Reducing Investment Losses Is So Important
My Comments: As a tax paying mortal, I’m not happy with our incredibly expensive system, one with less favorable health outcomes for us than exists in other countries, at far less cost. Given my background, I have a reasonably good understanding about health insurance and the role it plays in our society. I also have …
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