Tony’s Comments: I’m becoming a Social Capitalist in my old age. On the one hand I embrace capitalism as the most viable economic model for us to follow while on the other hand know that in it’s purest form, it can be as evil and unworkable as communism at the other end of the spectrum. …
Tag: money management
Social Security’s Primary Insurance Amount: What Is It?
Tony’s Comments: Since today is Tuesday, this is about Social Security. For those of you who plan to retire one day, a basic understanding of Social Security and how it works is a critical element of your overall retirement planning strategy. This article appeared in Motley Fool, and for whatever reason, does not have an …
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The Longest Bull Market In History And What Happens Next
Tony’s Comments: What is often overlooked by those writing about the impending doom of the stock market is the age of the reader. What I mean by this is that if you are trying to accumulate money for your eventual retirement, and you have 20 or 30 years between now and then, much of what …
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This Is Why People Flunk Retirement
My Comments: Few of us realize as we pass through young adulthood that life is finite. We may lose an elderly family member and we acknowledge the inevitable but few of us are able to get our arms around what it might mean for us. I describe retirement as that point in your life when …
Trade Wars: Stop Hyperventilating, It’s All About the Dollar
My Comments: Since this article first appeared several months ago, the current administration has doubled down on the idea of import tariffs. For some reason, it thinks that trade wars are what is needed to ‘Make America Great Again’. A reverse analogy that comes to mind are the gas price conflicts that used to appear …
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The Truth About Social Security: Setting the Record Straight
My Comments: Retirement at some point in your life is both a goal and an outcome. It may happen voluntarily or it may be forced on you. Regardless of how you get there, chances are you’ll still have bills to pay. Those bills will be paid from money you’ve saved and accumulated or from Social …
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Here’s The Proof That U.S. Stocks Are Experiencing A Massive Bubble
My Comments: To say I’m uncertain what tomorrow will bring is an understatement. For every article like this one that is pessimistic, there is another with presumably compelling logic that the next market crash of consequence will not be here until 2030 or later. At my age, I'm inclined to be cautious. Yes, I have …
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Behold the ‘scariest chart’ for the stock market
My Comments: By now you’ll perhaps realize that whatever I say about what is likely to happen in the markets is wrong, and that you’d be better off doing just the opposite. That’s OK. And if you are young and retirement is a few decades away, it’s OK to ride it out. But if you’re …
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7 Myths About Variable Annuities: Exposing Their Dark Side
My Comments: Anyone now retired or thinking about retirement spends time and energy coming to terms with how to manage their money. Increasingly, fees charged by advisors and/or their companies are perceived as a threat somewhere along the way. However, unless you have the skills to do it all yourself, you are necessarily going to …
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3 Myths About Your Social Security Filing Age
My Comments: Social Security benefit payments are critical for millions of Americans. When you apply and the amount of money you are entitled to is a decision fraught with uncertainty. Since none of know how our life is going to play out, all we can do is develop an understanding of our choices so that …
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Helping Define Your Financial Future 