My Thoughts on This: I'm not sure this is quite accurate. I'm not sure if anyone has a definitive deficit reduction plan. Clearly, no one in Washington seems particularly upset by the idea that there are going to be across the board cuts in the next several days that are going to impact the country. …
Continue reading Obama Has a Deficit Reduction Plan and Republicans Don’t
My Thoughts on This: You've read my thoughts already about how ObamaCare, for better or worse, is going to change the health care delivery landscape in this country over the next decade. I've made the point that ten years from now you may not recognize the elements that were in the original legislation. That's because …
My Comments: This is one of the reasons why so many people expect the markets, especially the stock market, to do well in 2013. One of the uses for all this cash is to buy back stock, which in turn reduces the supply, and if you know a little bit about economics, if you reduce …
Continue reading Corporations Are Sitting on More Cash Because There’s More Cash To Sit On
My Comments: There is usually a disconnect between how the economy is perceived and how well the investment world is doing. There are three reasons why stock prices increase: earnings, earnings, earnings. If those are doing OK, then the price is going to increase since more people are buying stocks than are selling. Globalization, an …
My Thoughts on This: Please keep in mind that I am NOT an attorney so have very little standing to make comments and recommendations when it comes legal issues. Going back more years than I care to remember, and mindful that many of my clients are in age similar to me, plans to effectively transfer …
Continue reading Is it Always Best to Avoid Probate When Estate Planning?
My Comments: Yesterday, a friend attended a luncheon where the speaker focused on our “debt crisis”. His position was that it is much worse that suspected, that it approaches $65 Trillion. That’s Trillion, with a “T”. I have no way to know if this is true or not, but to whatever extent it is real, …
Continue reading The Crisis of the Middle Class and American Power
My Comments: This came as a reminder to me that none of has a contract with God to be here tomorrow, much less a few years from now. And there are things you should anticipate and take care of to make sure your family is not turned upside down when that lack of contract turns …
Continue reading Are Your Clients Better Prepared Than Abraham Lincoln Was?
Here we are at the end of the year and that means it’s almost time for NEW YEARS RESOLUTIONS! For me, these are always things I’ve been putting off and this is an opportunity to force myself to act! Unfortunately, after a while, they become depressing, since for the past several decades, I’ve never been …
My Thoughts on This: I’m unsure if commenting on this is relevant at all for someone who is supposed to be focused on investments and retirement planning and financial matters. But with grandson now in the picture, his health now and in the future is important to me personally. I suspect if you have grandchildren, …
My Comments: A quick analysis of a popular chart showing good times and bad times for the US economy should give everyone a better understanding of the advice given by virtually all financial advisors. Unless and until you realize the world today is different from what it was several years ago, you’re likely to take …
Continue reading Financial Advisors Cling To Failed Strategies, Says Report
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