My Comments: One thing I’ve learned over the years is that people in my profession have a profound bias when it comes to trying to explain the dynamics of money. We include a lot of self promotion. I’ve also learned that I’m not immune to this bias. Some of this is justified since probably 95% …
Continue reading 3 Essentials Missing From Many Retirement Plans
• It’s too expensive • My attorney takes care of that • Planners just want to sell me something • Too complicated • It may jeopardize my own financial security • My children want me to spend it all • Leaving too much to my children can make them unmotivated • My children are financially …
My Comments: This article appeared as An emergency checklist for advisors and clients: essential legal and financial documents. It caught my eye since lists are always useful when it comes to writing a blog post that someone might read. After all, I read this one. More than that, however, is the fact that getting older …
Continue reading Essential Legal and Financial Documents to Have
My Comments: I’ve argued vigorously over these past few years in favor of the PPACA, what all of us know as ObamaCare. Without it we would be at the mercy of the drug industry, hospitals and the insurance industry. Of the five primary stakeholders in the health care debate, any two of those three could …
Continue reading Obamacare Helps Add Life to Medicare as Shortfall Delayed
My Comments: When you look back ten years from now and wonder if this article came anywhere close to reality, you must remember that people are much happier with you if you estimate low returns and reality turns out to be high, rather than the other way around. The charts are hard to understand, at …
Continue reading 10-Year Investing Forecast: Takeaways for Advisors & Clients
My Comments: You have read my posts before where I talk about income inequality (the HAVES vs. the HAVE NOTS) and how if left unchecked, could result in social chaos in this country. Probably not in my lifetime, but definitely affecting the lives of my grandchildren. It’s an issue that demands discussion among ourselves and …
Continue reading The Typical Household, Now Worth a Third Less
My Comments: I’ve been playing this financial game now for almost 40 years. And like so much in today’s world, it’s very different today than it was then. Technology forces us to embrace new thoughts and ways to deal with so much in life. When it comes to managing your money, my role as an …
Continue reading Wealth Managers Enlist Savvy Spy Software to Map Portfolios
My Comments: Earlier this week I introduced the idea of a QLAC. If you didn’t see it, click on the link and check it out. Some of you are going to want to use this contract as soon as it becomes available this fall. Others are going to think about how your investment mix will …
Continue reading New Longevity Annuity Rules: 5 Things to Know
My Comments: When I talk with prospective clients and those already clients, I talk about existential risk. These are risks that may or may not happen, depending on any number of variables. One of them is inflation since it reduces the purchasing power of your dollars over time. Another existential risk is the financial burden …
My Comments: No need for any commentary from me. Just draw your own conclusions, and hope that if the author is right, you’ve talked with me about how to make money when everyone around you is losing theirs. On the other hand, essentially this same argument was made last April and yet the crash has …
Continue reading 3 Market Warning Signs Predict 20% Stock Tumble
Helping Define Your Financial Future 