My Comments: Yesterday, I talked about the need for new people to enter the work force. Today I'm talking about people who cannot leave the work force. There are an increasing number of baby boomers who cannot leave the work force because they simply don't have enough money. It presents an untenable outcome: die sooner …
Tag: money management
‘We’re moving to higher ground’: America’s era of climate mass migration is here
My Comments: Have you ever sat on your back porch and watched your grass grow? How about setting up a chair in the garage to watch your car rust? You know it happens but you can’t see it. Same with climate change; you know it’s happening but from day to day or even year to …
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These 5 charts prove that the economy does better under Democratic presidents
My Comments: I was favored recently by the publication in the Gainesville Sun of an article I wrote that referenced Donald Trump as an existential risk to the US. Because such articles are limited to 750 words or less, there was no reference by me to the historical performance of the economy under Republican or …
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3 Smart Reasons to Take Social Security at Full Retirement Age
My Comments: Full Retirement Age is that month, according to the Social Security Administration, where you gain some real advantages. I have some reservations about Sean Williams' comments since he’s not yet old enough to understand the emotional side of financial decisions when it comes to retirement income. However, the headline resonates with me as …
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The Great Unwind Is Upon Us
My Comments: Like everyone, I could use a crystal ball. Since they don’t exist, I have to turn to writers with a far better understanding of what’s going on than I have. To that end, these words from Larry Fuller are helpful. Fortunately, he avoids many of the big words that too many pundits use. …
This Is What Retirees Would Do Differently If They Could Go Back in Time
My Comments: I feel very fortunate in that I have few regrets after 77 years of life on this planet. Which is good since I can’t go back and do things differently. I suspect that’s why my entire focus today is what I can get done today and perhaps influence the future. I have no …
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Should you really do nothing amid all this market volatility? It depends on your age
My Comments: There are some well known market pundits out there whose advice can be taken seriously. But not always. We know historically stocks outperform most other kinds of traditional investments over time. That if you are accumulating money to use in the future, and that future is a few decades down the road, then …
Trump’s ‘America First’ means Americans lose
My Comments: This comes from the Washington Post which you will agree is not a right wing publication. Almost every day there is a statement or observation that runs 180 degrees from what I’ve learned over the past five decades in business. It’s frightening to me to realize we are going backwards as a nation …
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5 Facts You Didn’t Know About Retirement
My Comments: For those of us who preach retirement planning, much of this is old hat. But for those of you just starting to get serious about thinking retirement, these are all valid concerns. But before you rush out and spend money, you need to better understand how you want your life to play out. …
The Coming Bankruptcy of the American Empire
My Comments: readers of my posts know that I’m a progressive, whatever that actually means. As an economist, I choose to call myself a social capitalist, in that I strongly believe unfettered capitalism is as dangerous and corruptive as communism. This is written before trump appears on national television to tell us why his wall …
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Helping Define Your Financial Future 