My Comments: David Brown says current conditions resemble those of 2007-08, but a wave of populist nationalism spearheaded by the US president is undermining global institutions that ended the Great Recession. Will you be ready for another Great Depression? I've long argued we are years away from the next iteration of the Great Depression of …
Tag: financial planner
The Most Important Social Security Chart* You’ll Ever See
My Comments: *Actually, it's not the most important, but... The message that accompanies this chart is very important. Read further before you start looking for the chart. No one has ever said this was going to be simple and it’s not. But it’s critical you make an effort to understand all this since Social Security …
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Should high schools be required to teach financial literacy?
My Comments: Those of us with years under our belt know how confusing issues about money become. Without a working knowledge of how it works, we become quick victims of those willing to reach into our pockets and help themselves to our money. But, you say, it’s the American way. Some argue vehemently to limit …
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Is a Stock Market Correction in the Cards?
My Comments: I don’t know about you, but I’m tired of thinking about this. Frankly, it can’t happen soon enough for me since I’ve been getting ready for the next one for several years now. And it’s kept me from being confident enough to put my money where it will grow in a meaningful way. …
3 Big Reasons to Check Your Social Security Statement
My Comments: By now you know that I spend time promoting my online school created to help people retire. Of the four modules of the primary course, one of them is devoted to Social Security. For most of us, retirement is a transition from working for money to not working for money. As that happens, …
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Asset Allocation Explained
Most of us attempt to save money. We know there will come a time when what we save today will be needed to pay for things tomorrow. Our choices about how to do this are varied, mysterious, and confusing. Too often we take the easiest path and hope for the best. We congratulate ourselves for …
There are 3 fundamental money concepts most people still don’t grasp
My Comments: Financial literacy is becoming an obvious problem for millions of Americans. I’m not sure if there’s a way to fix it. Most people are either too busy to pay attention to their lack of knowledge, or are simply unaware they have little understanding of money, or since they don’t have any, it doesn’t …
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The US could lose its crown as the world’s most powerful economy as soon as next year, and it’s unlikely to ever get it back
My Comments: It’s my belief that the current administration, in their efforts to Make America Great Again, are doing it wrong. From efforts to remake NAFTA, not participating in the Trans-Pacific Partnership, misguided tariff policies, efforts to limit immigration as existing Americans are having fewer children, tax laws that serve to benefit the already rich …
Will Social Security Be Around for Your Grandchildren?
My Comments: Maybe. But without some changes, what they get may be very different from what folks are getting today. I’ve written several times about how to fix the system without pushing the economy into chaos. Just know that the longer the wait until changes are made, the more disruptive it will be for everyone. …
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Lawmakers Are Talking About Comprehensive Retirement Reform
Yes, I sometimes sound like a broken record, but… I’m doing all I can to persuade a younger generation that thinking about a future retirement is important. And then actually do something to make success more likely. In terms of reform, I see an initial effort by Congress to move the goal posts. This is …
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Helping Define Your Financial Future 