My Comments: It’s hard to believe the PPACA (ObamaCare) has been around for so long. And in spite of the new Congress making lots of noises about making it go away, it’s not going to go away. Will it change? Most definitely. Are changes necessary? Most definitely. But the overall intent to bring millions of …
Tag: investment advice
Why the Bond Market Could Blow Up Any Day Now…
My Comments: The SKY IS FALLING! Actually, it’s not, but many of the headlines suggest it might be. This was published 3 months ago and as you probably know, the bond market has not yet blown up. Lots of things have changed but the bond market is just as boring today as it was then. …
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4 Ways Social Security Could Be Healthy Again
My Comments: As someone who paid into the SSA system for over 50 years, it’s hard to describe the satisfaction my wife and I experience from the deposits made to our checking account every month. As an economist, I’ve watched how the system has been modified over the years to remain the safety net it …
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Will There Really Be a Doctor Shortage?
My Comments: There is one already. An unintended consequence of ObamaCare ( the PPACA ) is that millions of people who have until now waited until the last minute and then went to an Emergency Care Center are now trying to get appointments with MDs who were already busy people. Not enough people are yet …
What Doctors and Families Have That Advisors Don’t
My Comments: As a financial advisor for the past 40 years, I’ve somehow overcome the perception that people with specialized knowledge can not always be trusted, especially with your money. With so many threats coming at us from every direction these days, some of which are not realistic but promoted by the media as a …
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The Dark Side to Falling Oil Prices
My Comments: My wife and I took a few days off; visited friends and family in Tennessee and North Carolina. The lowest per gallon price we saw along the way was $2.29 in South Carolina. If you read my blog posts, you’ll know I expect for the markets to stop going up and for there …
Division and Crisis Risk Sapping the West’s Power
My Comments: I make no apologies for having supported and voted for Barack Obama in 2008 and 2012. Much of the pressure from the right, in my opinion, is irrational and disguised racism. Here is an opinion from England, my birthplace and true friend of America. It’s an interesting perspective and to the extent you …
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The Wall Of Worry, Illustrated
My Comments: Readers of this blog post over the past six months have noted my concerns about a coming market crash and what it might do to your ‘nest egg’. Perhaps you remember my comments about a wall of worry, a phrase that gained traction in past years as the market climbed and climbed and …
Big Bank Problems: A Culture Ratio is More Important Than a Capital One
My Comments: The financial crisis in 2008-09 could have been much worse. The Federal Reserve intervened and limited the damage. After the fact, the regulators created a major remedy, one intended to “make sure” a similar crisis wouldn’t happen again. The idea was to impose new standards regarding the amount of capital, or reserves, on …
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13 Reasons Why a QLAC Belongs in Your IRA
My Comments: Some people made good decisions along the way and now have significantly large IRA accounts. Some people I know have little need for the money to maintain their existing standard of living. If this is you and would like to find a way to NOT take money every year and pay the IRS …
Helping Define Your Financial Future 