My Comments: Keep in mind the economy and stock and bond markets performance are not necessarily correlated. But there are sure indications the economy, and therefore employment numbers, are going to change. Income inequality will likely get worse. All of this is to help you prepare so your head does not explode. Oct. 28, 2015 …
Tag: financial planning
Our Place in the Cosmos
My Comments: This has nothing to do with economics or finance or asparagus. Whatever it is that allows me to think about and observe our presence on this relatively miniscule lump of rock in the cosmos we call earth is beyond my ability to understand. This is an image of a tiny piece of sky, …
Your Retirement Plan Could Be Seriously Flawed
My Comments: I’ve been talking about retirement with clients for the past 30 years. From day one I’ve stressed that I have no idea what I’m having for supper tonight, much less how much money they will need 30 years from now. We can make projections and predictions until the cows come home but it’s …
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More Market Mayhem On Its’ Way
My Comments: History does typically repeat itself. Whether its human frailty or the laws of physics, the past is usually a glimpse into the future. Cries of ‘this time it’s different’ usually prove to be false. It’s not what happens that has a critical effect on your financial future, it’s how you manage the inevitable. …
Fixed Indexed Annuities: Good, Bad or Ugly?
My Comments: In many circles, a FIA, or fixed index annuity, is an evil thing. As a professional retirement income planner, I believe they can be a lifesaver for many people. That billions of dollars flow into FIAs annually tells me nothing; we have less than sophisticated buyers being sold stuff by self-serving salesmen just …
Continue reading Fixed Indexed Annuities: Good, Bad or Ugly?
5 Events of Significance
My Comments: Students are back in school, the morning air is fresher, a stray dog showed up yesterday, I have no doctors appointments this week, and we’re having a garage sale on the 19th. Not significant enough you say? Well, here are five more that confirm my faith in my fellow countrymen. Yes, there are …
TAX ESSENTIALS
My Comments: I think I found this article published in Medical Economics some months ago. I apologize for my inability to provide accurate sourcing. That aside, all of us have a ZERO obligation to pay more in taxes than absolutely necessary. Just remember, the IRS has a responsibility to collect taxes. It’s up to us …
A Death Blow To An American Industry
My Comments: I rarely post on the weekend, but since it’s August and many of us are driving somewhere for a few days, this seems relevant. It's mostly about the money we pay for gas these days at the pump. But there will be significant ripples across the planet as this plays out. While a …
How to Fix Our Interstates
My Comments: As a resident of Gainesville, Florida since 1959, I remember when I-75 appeared locally. Bud Johnson and I would explore the countryside on our bikes on weekends. Among my memories are a bridge under construction near Warren’s Cave and I-75 was simply a cleared trail through the woods. Another day we found ourselves …
Flawed Math on Student Loans
My Comments: The staggering level of student loan debt has the potential to sink the economic future of this country. Young families with the debt hanging over them will be less likely to buy a house, to buy a new car, to spend money on consumption items, all of which means economic stagnation. Income earned …
Helping Define Your Financial Future 