I’m talking here about medical malpractice claims and the short answer is “No”, but the long answer is “We can go a long way toward limiting them.” That’s the conclusion I came to recently after talking with a retired physician. She told me she had been sued some twenty years ago, and that it consumed …
Tag: financial advice
The Big Retirement Lie
My Comments: The ideas behind this article have filtered through my mind for decades. Everyone and their brother talks about the value of socking away money in an IRA or other tax advantaged retirement plan. And there is an advantage to this, only it has nothing to do with taxes. The advantage is the perceived …
2 in 3 Women Are Uncomfortable With Their Financial Situation
My Comments: I saw this headline on an email from a source that see people like me as their target audience. It's from a company that creats insurance products such as life insurance and annuities for prospective clients. None of this is bad; I rely on such sources to keep me aware of changes going …
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Women to Benefit Most from Health Reform
My Comment: This article appeared in a recent edition of a newsletter addressed to those of us who focus on employee benefits for corporate America. In spite of high unemployment numbers, many successful businesses cannot find enough people with the necessary skills to help them grow. Keeping the ones they do have is critical. Across …
The backlash against the rich has gone global
My Comments: Someone once asked a famous bank robber why he robbed banks and the reply was to the effect "that was where the money was." Right now, it's money in accounts owned by corporate America and those who are considered among the rich. There's an element of that involved in the politics of whether …
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Realistic Planning: There’s More to Life Than Retirement
My Comments: This article is about someone who put all three of his children through college and saw them graduate with no debt. As he says, "Woo-Hoo!" Many of you with children in high school, or perhaps already in college, are doing your best to help your kids get into or through college with money …
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Alternatives Becoming Mainstream
My Comments: Two years ago I began trying to understand what appeared as a new class of investments. Over my 40 year career as a financial consultant, stocks and bonds in all their many variations formed the basis for investment decisions. Over that time, stocks and bonds tended to be relatively uncorrelated, meaning their ups …
Stimulate Your Customer’s Lizard Brain to Make a Sale
Or: Stimulate Your (fill in the blank) Lizard Brain to Make a (fill in another blank) Apart from the fact this is a fun photograph to look at, there's a message here that applies to me as a financial advisor looking for new clients, for a politician hoping to get people to vote for them, …
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A Modern-day Depression: The Current Secular Market Cycle Mirrors the Past
My Comments: This article is further confirmation that these are not “normal” times. My efforts to help you manage your money cannot follow the traditional “buy and hold” approach that worked in the eighties and nineties. If you expect to have more money in the future than you have now, you have to be either …
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The Election, the Presidency and Foreign Policy
My Comments: Last Monday I got a call from a client who asked me to close her investment account. Her comments suggested she didn't expect Romney to win and if Obama was elected to a second term, the world was going to come to an end. She wanted her money under her mattress even if …
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Helping Define Your Financial Future 