My Comments: Financial literacy has to start somewhere. If you are planning for an eventual retirement and want to grow your money between now and then, a degree of financial literacy is mandatory. Start here… by Emma Johnson \ June 1, 2018 If you’ve ever scanned the business headlines, you’re probably familiar with terms like …
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The Danger From Low-Skilled Immigrants: Not Having Them
My Comments: To Make America Great Again, the presumably well intended mantra for those leading the GOP these day, someone has to overcome ignorance of economics and start paying attention to reality. A positive corporate bottom line is the driving force for a healthy US economy. To reach that goal, we need people willing to …
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The Forgotten Architect of the American Social Security System
My Comments: I’ve never understood the fear that surfaces among some people when the term ‘socialism’ appears. What threat do they feel from this poorly understood word? Yes, I remember the McCarthy hearings and the red menace of Communism. It manifested itself in Russia and China, and was perceived as a global threat to capitalism. …
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Millions Of Americans Are Leaving Social Security Spousal Benefits On The Table
My Comments: Facing retirement without enough money is a frightening prospect. And leaving money on the table that you can claim doesn’t make much sense. These words from Laurance Kotlikoff might apply to you if you’re between ages 64.9 and 68. by Laurence Kotlikoff \ October 15, 2018 Summary • The 2015 Social Security amendments …
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Paying for Long Term Care with a Hybrid Life Insurance Policy
My Comments: Long Term Care and the associated costs have become an increasingly obvious existential risk faced by people in retirement. We’re living longer and longer and despite our best efforts, we tend to become more goofy and less healthy as we age. If we can no longer function on our own, of if we …
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11 Proven Ways to Boost Your Retirement Income
My Comments: Personally, I’m completely invested in #4, #6, #8, and #9. I’m working hard on #1 and #10. What you choose is entirely up to you. Boosting your retirement income is not about accumulating more stuff. It’s about enjoying life, completing your bucket list of things to do, and having money to pay your …
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When to Take Social Security: The Complete Guide
My Comments: Social Security is a complicated issue for almost everyone in the retirement planning process. There are so many variables it’s hard to get your arms around what is in your best interest. Many people just say to hell with it and sign up at age 62. And that can be a huge mistake. …
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Retiring Soon? Plan for Market Downturns
My Comments: Are you nervous yet? If you have 20 years or so until you retire, you may not need to be nervous. But if retirement is just around the corner, then you need to start being defensive, if you’re not already. There are a number of pressures building in the markets. This gives you …
The Biggest Risk Retirees Face Right Now
My Comments: On TV and in murder mysteries, there’s often a reference to ‘being in the wrong place at the wrong time’. Well, it can happen to any of us planning to retire, but instead it reads this way: ‘being born at the wrong time…”. These words from Michael Aloi from earlier this year show …
Civility Has Its Limits
My Comments: Instant gratification, or the desire for it, is the norm in 21st Century America. It may be OK when you discover you’re hungry and have no need to go into the woods and shoot something, or instead of waiting days for the mail to arrive, you simply go to your phone and look …
Helping Define Your Financial Future 