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: …
Tag: financial advisor
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 …
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 …
Social Security Is Failing Because the Program Is Antiquated
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 …
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The Brilliant Incoherence of Trump’s Foreign Policy
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 …
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Our Distorted Health Care System
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 …
A Message for My Children and Grandchildren
Slow Economic Growth Will Be Around For A Long Time My Comments: I have my doubts that Hillary Clinton could have fixed this, but with 45 in the WH, there is virtually NO chance this problem will be fixed. And the longer it takes to fix it, assuming it can be fixed, the very people …
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3 Ways to Maximize Your Medicare
My Comments: Given that we are living much longer and that death is inevitable, if follows that access to affordable health care plays a role in our quality of life. This is especially true for those of us moving into or are already well into, our ‘golden’ years. Medicare has become a critical component in …
The Best Way to Invest in Index Funds
My Comments: It’s important that some of your money be exposed to the risks and rewards of the stock and bond markets. Not all your money, perhaps 25% of it. So what’s the next step? There’s an increasing awareness of fees and commissions and how they have the potential to erode the value of your …
How Timing Impacts Your Retirement Portfolio Longevity
My Comments: Many a client has asked “How long will my money last?” and the only rational, unsatisfactory answer is “It depends”. Unfortunately, luck plays a major role in our lives. If you’re alive and well today, chances are you’ve had at least some good luck. In answering the above question, much depends on timing, …
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Helping Define Your Financial Future 