My Comments: The ability to accurately predict the future is something I cannot do; if I could, you wouldn’t be reading this blog post. On the other hand, I’m OK with saying an economic downturn is very likely already under way. The writer below suggests it will bottom out sometime in 2017. So, do we …
Tag: money management
5 Reasons the Fed Shouldn’t Raise Rates
My Comments: You've already read my comments about the significance of interest rates. They are going to start going up; when is the big unknown. By Akin Oyedele, September 9, 2015 Larry Summers is convinced the Federal Reserve will make a huge mistake if it raises interest rates next week. Two weeks ago, Summers wrote …
5 Events of Significance
My Comments: Students are back in school, the morning air is fresher, a stray dog showed up yesterday, I have no doctors appointments this week, and we’re having a garage sale on the 19th. Not significant enough you say? Well, here are five more that confirm my faith in my fellow countrymen. Yes, there are …
TAX ESSENTIALS
My Comments: I think I found this article published in Medical Economics some months ago. I apologize for my inability to provide accurate sourcing. That aside, all of us have a ZERO obligation to pay more in taxes than absolutely necessary. Just remember, the IRS has a responsibility to collect taxes. It’s up to us …
Major Bond Warning
My Comments: A recent letter to the editor of the Gainesville Sun suggested there was a conspiracy afoot, run by the US Government, to whit “How was it possible for anyone to survive when banks were only paying 1% on Certificates of Deposit.” While the question itself is legitimate, the context implies a vast ignorance …
Reverse Mortgages
I follow an internet magazine that can be described politically as progressive. Early last month a summary of articles appeared in my email inbox that included one entitled Reverse Mortgages: The Final Blow Killing Middle Class Wealth by Egberto Willies. The date it first appeared was August 18, 2013. The author claims that reverse mortgages …
A Painful but Healthy Adjustment
My Comments: Reassuring comments here from a trusted thinker on the markets. No guarantees but if you have at least a 5 year time horizon, we will be OK. Just don’t get caught up in the media rhetoric and the pointing of fingers. Almost all of it is stupid, ill informed, and self-serving. Life happens, …
Financial Gravity
My Comments: It's easy to get upset by what is happening to the stock market, the bond market, and trying to make sense of it all. You either quit thinking about it or try to get your brain around it so that it fades into the background. Or not. Most think the crash of 2008-09 …
Social Security: 8 Savings Strategies
My Comments: My monthly Social Security benefits, coupled with Medicare, are a critical element contributing to our peace of mind as the years roll by. I don’t care if others argue against us becoming a socialist society. To some degree, we’ve been one since 1776. Aug 14, 2015 | By Suzanne Woolley (Bloomberg Business) -- …
Israel: The Case Against Attacking Iran
My Comments: George Friedman has an international reputation for his knowledge about how the world works and his ability to articulate credible analyses of what is going on. This is a fascinating article that’s very relevant to the current questions about Iran and how the world needs to respond to the existential threat they pose. …
Helping Define Your Financial Future 