My Comments: As an economist, I’ve talked consistently about the threat to society posed by income inequality. My rantings make zero difference at the national level, where if this issue is not addressed, there will be rioting in the streets. A friend and I talked this morning about the apparent collapse of societal norms he …
Tag: retire
Investment Returns Will Shrink
My Comments: Putting money to work for the future is something we all try to do. Our expectations vary all over the map. If you use the past to predict the future, you’re probably going to be disappointed. This is very relevant if we have money sitting somewhere that we plan to use tomorrow to …
2017 Social Security Trustees Report
My Comments: A critical question on the minds of everyone is “Will Social Security be there for me or my spouse?” It doesn’t matter where you are in life, short of being on life support. Unfortunately, there is not yet the political will to impose a solution. That’s because the crisis is not yet within …
Wall Street is sending huge warning signs for stocks
My Comments: Sooner or later, the penny will drop. Joe Ciolli \ Jul 30, 2017 To a growing chorus of strategists and investors across Wall Street, the stock market looks like it's headed for a rude awakening. Their mounting pessimism comes at a time when US equities are looking healthy, at least on the surface. …
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How do I safely invest my retirement savings for growth?
My Comments: Financial illiteracy is a huge problem. But many people have no idea it applies to them. The other day I was trying to explain something to a widow in her 70’s and it was like talking to my six year old grandson. People should be exposed to the markets. But they need to …
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The Next Recession
My Comments: It’s a given there will be a ‘next recession’. People much smarter than me say it’s not many months away. It’s a normal event and we’ll most likely survive. What we may not survive, however, apart from a random collision with an asteroid, are the effects of income inequality across the planet and …
Retirement: Get Help or Not?
My Comments: Some people have an innate ability to look after money. Others, not so much. This is especially critical as you transition from working FOR money to when money is working FOR YOU. We call this retirement. It’s further complicated because the financial advice industry is now undergoing a massive shift in how you …
Social Security Changes Coming
My Comments: We all know Social Security is here to stay, right? Well, maybe not. What was started in 1935 has undergone a few revisions, the last significant one in 1983. That was because it was going broke fast, and the baby boomers and their impending retirement were on the horizon. Well, it’s time for …
Women Failing To Max Out Social Security Benefits In Retirement
My Comments: Social Security is well named. It provides financial security and because it is so pervasive, it carries a social legitimacy that is hard to argue against. Looking after the elderly has been a social mandate among humans forever. And given that women tend to outlive men, the social needs of women after a …
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The World Is Getting Better and Nobody Knows It
My Comments: For me, the glass is always half full. I try to live today and worry only about the future. I am easily irritated by those who live in the past, or try to re-litigate the arguments of history. It’s a waste of time for me as the years count down. You can argue …
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Helping Define Your Financial Future 