Let’s Get Real About Health Costs in Retirement

If you’re not yet 50, the idea of having to pay for long term care is way outside your everyday mind set. Yes, it may apply to your parents or grandparents, but not in your everyday world. But as you begin to think about your personal financial future, it needs to become part of the …

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Don’t rely on retirement to make you happy

There’s a lot of talk about retiring early. As someone now in their late 70s, I find it hard to get my mind around the idea. I attempted to retire at about 70, found myself terminally bored, and un-retired. With any luck, I’ll keep working about 30 hours every week for the rest of my …

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The new math of saving for retirement may boil down to this one, absurdly simple rule

It may sound simple, but making it happen for you may be very complicated. I think we’d all like less stress in our lives, but taking one simple step today to eliminate a major stress point in our future may be unrealistic. Nevertheless, this is worth thinking about. And if you can get yourself committed …

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The Coming Pension Crisis Is So Big That It’s A Problem For Everyone

If I believed it was so, I’d be writing that there’s no retirement problem looming over us. But there is a problem, and you and I alone cannot fix it. I’m not sure it’s fixable. All we can do is be aware of it and at a personal level, figure out ways to survive it. …

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One Nation, Drowning in Debt

Debt, in and of itself, if not always a bad thing. For example, China has lent the US many billions of dollars by buying Treasury bonds over the years. We pay interest to China, they in turn get a return on their investment commensurate with the risk they’re taking, and in due time, when the …

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Strike Three: The Next Bear Market Ends The Game

Like a broken clock that’s right twice a day, I’ve been expecting a market crash for going on four years now. Will I ever be right? Most of us in the world of money don’t believe it’s different this time. And while none of us has a crystal ball, we’re almost unanimous there’s a bear …

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Retirees and health care: Here’s what it will cost you and how to prepare

Some will argue that health care is not a basic human right. I disagree. I think that society, you and me and everyone else, has a built in obligation, if not an absolute mandate, to preserve itself. In other words, a biological imperative to bring new humans into society and protect them. It’s how evolution …

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