Does the Government Steal Your House When You Get a Reverse Mortgage?

My Comments: People of my age are living a lot longer than before, and many of us are still distressed by what we now call the Great Recession. Whatever your financial circumstances, it’s proven once again that in our society, having more money is better than having less money. Many of us are increasingly frustrated …

Continue reading Does the Government Steal Your House When You Get a Reverse Mortgage?

Obama’s Long, Hot Iranian Summer

My Comments: To deal or not to deal, that is the question. Most people are focused on the political implications of the agreement, and whether it's a good deal for us or not. I'm very concerned about the economic implications as well. My blog post tomorrow talks about the high probability that Saudi Arabia will …

Continue reading Obama’s Long, Hot Iranian Summer

PPACA Premiums to Rise 4% in California

My Comments: During my 40 years as an insurance agent, I sold my share of health insurance policies. Over these years, it  became normal to see annual premium increases of 6% to 8% every year. These increases were driven primarily by Big Pharma (the drug industry) and by hospitals. For them it was the cost …

Continue reading PPACA Premiums to Rise 4% in California

Is it 1929, 1987 or Something Else?

My Comments: Those of us with money we plan to use in retirement have to pay attention to what is happening to the stock and bond market. If nothing else it helps us decide if we want to manage it ourselves or get someone to help us. I think we’re due for a correction. I’ve …

Continue reading Is it 1929, 1987 or Something Else?

Quantum Experiment Shows How “Time” Doesn’t Exist As We Think It Does

My Thoughts: I spent a little 'time' this morning with my grandchildren. Delighted that they live here and that my 'time' on the planet hasn't ended. It did for a friend of mine this past weekend. 24 hour days have been the norm here since the beginning of 'time', or have they? Spending a lot …

Continue reading Quantum Experiment Shows How “Time” Doesn’t Exist As We Think It Does

Retirees Contending With Mortgage Debt

My Comments: Most of you know that my wife and I recently downsized (we now have 60% of what we used to have!) to a new house in a nearby neighborhood. I never knew how much stuff we had. Deciding what to keep and find room for is truly an ordeal. Financially, we accomplished this …

Continue reading Retirees Contending With Mortgage Debt

US-Iran Treaty Can Send Oil to $40

My Comments: I’ve already said that I much prefer a negotiated deal between adversaries than continued threats to bomb the crap out of them. In todays economic and political environment, that option poses too many risks that I’m unprepared to accept. Here’s some economic thoughts about what might happen, now the deal is in place. …

Continue reading US-Iran Treaty Can Send Oil to $40

Social Security: When to Claim at 66

My Comments: Many of my close friends, clients and associates have long since started taking their Social Security benefits. For those of you who have not, there are probably some issues you need to explore before you sign on the dotted line. A generation ago, 65 was the automatic full retirement age. Rembember the phrase …

Continue reading Social Security: When to Claim at 66

Government Speak

My Comments: Many of us remember a simpler time, not just in politics but in medicine. As we grow older, we tend to interact more and more with the world of health care providers, who have a language all their own. The following comes from the June 2015 internet magazine published by MDPreferred. Doctors and …

Continue reading Government Speak

Europe’s Dream is Dying in Greece

My Comments: Society evolves, just like animals and plants. But it takes time, and we are conditioned to want it NOW, not over the next millenia. If there is enough collective will, the European Union (EU) will survive by evolving to accomodate Greek society. The players themselves are going to have to find the right …

Continue reading Europe’s Dream is Dying in Greece