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: You should read this If you are an employee of a public school district, or a charity, or a foundation, or a church based enterprise. Under the Obama administration, rules from the Department of Labor (DoL) were proposed that imposed what is known as a fiduciary standard on any individual or company engaged …
Continue reading DOL fiduciary rule won’t help some 403(b) retirement plans
My Comments: If you are already retired, don’t bother with this. If you haven’t yet retired, there may be something here for you. Waiting for retirement is like watching grass grow, or watching a car rust. You lose interest in a hurry. The problem is it’s going to happen, whether you pay attention or not. …
Continue reading Retirement Planning Strategies for Clients in Their 50s
My Comments: Today is Tuesday so today I talk about Social Security. These comments by Dan Caplinger may be old news, but for those of you just starting to think about retirement, know that Social Security is a fundamental income component for millions of people. Chances are, you'll be in that group. The sooner you …
Continue reading Are You Ready to Take Social Security Benefits?
My Comments: Are you a middle-class American? I used to be and may still be, but those like me are a dying breed. The economic devastation now engulfing a huge portion of Texas is going to reverbrate across the nation. Apart from the humanitarian crisis, it will add to the unseen crisis affecting middle class …
My Comments: Value is in the eye of the beholder. When we need something, and it may be financial advice, pork chops or a car to drive, we typically spend money. If it's financial advice, it's sometime difficult to measure it's benefits, so be prepared to pay for it. As a self-styled expert on retirement …
Continue reading This is how much fees are hurting your retirement
Tuesday = Social Security comments Concern about the continued viability of our Social Security system if very justified and real. The solutions to the problem are reltively simple and if started soon, will be absorbed by the economy with relative ease. But Capitol Hill is the wildcard here. The crisis is far from dramatic. Yet. …
Monday = Investing Money: I’d like to think that my posts help someone, anyone? Professionally I’ve lived in the financial world for over 40 years and it pains me to say I haven’t a clue what’s going to happen next. What’s telling is that others, far more competent than I, don’t have a clue either. …
My Comments: Remember the context. Racial tension has been a hallmark of our society since the beginning. Think pilgrims vs indigenous peoples in the 1620’s. Think black vs white in the 1860’s. Right now the tension is elevated, and coupled with Trump’s inability or unwillingness to quash the tension, overreaction is going to surface. Reaction, …
Continue reading Trump Can’t Reverse the Decline of White Christian America
My Comments: Putting money to work for the future is something we all try to do. Our expectations vary all over the map. If you use the past to predict the future, you’re probably going to be disappointed. This is very relevant if we have money sitting somewhere that we plan to use tomorrow to …
Helping Define Your Financial Future 