My Comments: If you don’t think about it, maybe it’ll go away. But for millions of us, living longer than our parents, LTC is an insidious risk that needs to be dealt with. There is probably no best answer, just a better one. Short of dying early, most of us will need advanced care of …
Continue reading How to pay for long-term care? Several funding options exist
My Comments: As someone with presumed knowledge about investing money, my record over these past 24 months has been pathetic. I’ve been defensive, expecting the markets to experience a significant correction “soon”… I lived through the crash of 1987, the crash in 2000, and then the Great Recession crash in 2008-09. I saw first hand …
Continue reading One Of The Most Overbought Markets In History
My Comments: Have you noticed a flurry of ads on TV recently talking about Medicare and all the benefits you are entitled to for one easy price per month? I have. The ads promote the use of Medicare Plan C, also known as Medicare Advantage plans. They are a sop to the insurance industry, giving …
Continue reading Medicare open enrollment begins Sunday – and not just for those age 65 and up…
My Comments: As someone born on British soil, I am more than casually interested as Britain comes to terms with it’s choice to leave the European Union. Immigration is but one of several areas with huge economic implications for Britain in the coming years. There are parallels between what is expressed in this article by …
Continue reading Why Britain needs the immigrants it doesn’t want
My Comments: Politicians apparently have no earthly idea what getting old does to your finances. Of the 50 state Medicaid directors, red states and blue states, all 50 came out in opposition to the most recent attempt by Congress to repeal the ACA or ObamaCare. None of us are willing to allow the elderly to …
Continue reading How to Get Medicaid for Nursing Home Care Without Going Broke
My Comments: I argued last week (Is Capitalism Killing America?) that pure communism and pure capitalism are flawed economic models for society. They simply define the ends of a continuum along which we as a society are struggling to place ourselves. I think this topic needs a better understanding. Mindful that economics is as easy …
Continue reading The End Of Capitalism Is Already Starting–If You Know Where To Look
My Comments: The article below by Jane Bryant Quinn in the AARP Bulletin are fine, as far as they go. My initial reaction was to reject her comments out of hand as they reflect a bias that to my mind is not accurate. But then I decided to expand on her thoughts. I apologize if …
Continue reading FIA: Dream Investment or Potential Nightmare?
My Comments: In the minds of many, capitalism is the antithesis of communism. And they are essentially right. In the minds of many, communism and socialism and fascism are one and the same. And they are essentially wrong. Communism is an economic model where the state owns everything involved in providing goods and services to …
My Comments: Having health insurance is critical to maintain your financial well being, much less your long term health. Health care costs in this country are the highest in the world, and the long term outcomes are among the worst. The budget passed by the House of Representatives includes a significant cut to Medicare, if …
My Comments: Retirement is the third stage of our lives. #1 is childhood when our needs are provided for by adults; #2 is adulthood when our needs are met by our efforts; and #3, retirement when you quit working for money and money has to work for you. If you’re lucky, you don’t need to …
Continue reading How to Pay Off Your Mortgage Before You Retire
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