Caring for Your Aging Parents: How to Prepare

My Comments: Retirement is the third major time in people’s lives. It follows childhood and adulthood. Well, OK, a retired person is also an adult but retirement is a different stage. I describe it as when you turn off the ‘work for money’ switch and turn on the ‘money works for you' switch. Meanwhile, modern …

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The ‘Great Bull’ market is ‘dead,’ and here’s what’s next, Bank of America predicts

My Comments: For most of my adult life, the major player among brokerage firms in the US was Merrill Lynch. Actually I remember it as Merrill Lynch Pierce Fenner and Smith. Then the crash happened in the fall of 2008 and Bank of America acquired ML on 1/1/2009. The cynic in me said that BoA …

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In Defense Of Playing Defense (Part 3)

My Comments: On Wednesday I usually talk about Globla Economics. Today, however, I’m less concerned about emerging markets than I am the evolution of ideas that influence what is happening on Wall Street. Yes, it’s influenced by the hiccups we see in emerging markets globally but the political and economic forces at work in this …

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The Fiduciary Rule Is Dead. What’s an Investor to Do Now?

My Comments: Under the Obama administration, a long awaited and necessary step was taken to introduce rules that protected consumers of investment advice. It created a fiduciary standard for licensed financial professionals that formalized a ‘best interest’ mindset for professionals when working with clients. Very soon after Trump became president, he announced this idea was …

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How to run out of life before you run out of money

Today’s Thoughts About Retirement: Though it can be argued that money is the root of all evil, it can also be argued that it is essential for peace of mind. The challenge for all of us is to pay our bills in a timely manner and not create burdens for our survivors. I think of …

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The Truth About Social Security: Setting the Record Straight

My Comments: Retirement at some point in your life is both a goal and an outcome. It may happen voluntarily or it may be forced on you. Regardless of how you get there, chances are you’ll still have bills to pay. Those bills will be paid from money you’ve saved and accumulated or from Social …

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Here’s The Proof That U.S. Stocks Are Experiencing A Massive Bubble

My Comments: To say I’m uncertain what tomorrow will bring is an understatement. For every article like this one that is pessimistic, there is another with presumably compelling logic that the next market crash of consequence will not be here until 2030 or later. At my age, I'm inclined to be cautious. Yes, I have …

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