My Comments: When you buy bonds, someone now owes you money. When you buy stocks, you now own part of a commercial enterprise, if not all of it. But this is about bonds. If you lend money to your kids, and expect them to pay you back, you may or may not charge them for …
Tag: retirement advisor
The Average Cost of Healthcare in 21 Different Countries
My Comments: We claim to be a rich and sophisticated country. We agree we have exceptional health care, just that it costs a lot of money. We also like to think our life expectancy reflects our sophistication when it come to health care. I’ve written before that there are five principal stakeholders in our health …
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Should We Retire ‘Retirement’?
My Comments: Until recently, I always envisioned retirement as a date in time when I left the work force and became ‘retired’. That probably meant that I was no longer working for money and instead using whatever credits or savings I’d accumulated to pay my bills. Only for many of us, it hasn’t worked out …
Will Social Security Be Around for Your Grandchildren?
My Comments: Maybe. But without some changes, what they get may be very different from what folks are getting today. I’ve written several times about how to fix the system without pushing the economy into chaos. Just know that the longer the wait until changes are made, the more disruptive it will be for everyone. …
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How a Shifting Climate Is Transforming Florida
My Comments: I’ve lived my entire adult life in the State of Florida, far from the Keys, which is where this article by Rawaha Haile is focused. My part of Florida is very different. For one thing my house is 75 feet above sea level, it’s surrounded by large oak trees, there’s a cow pasture …
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A Recession Is Coming, And Maybe a Bear Market, Too
My Comments: I’ve lived on this planet long enough to know that when pundits declare “It’s different this time!”, they are wrong. The timing is always different, but the outcome is never in doubt. I will admit to being wrong about when the next market crash will happen. I’ve been expecting one for a few …
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Confused? 10 Social Security Terms You Need to Understand
Just 10? Nah, there’s lots more but let's start with these. If you’ve been paying FICA taxes ( see #3 below ), and have done so for at least 40 quarters, then you can expect to qualify for retirement benefits at some point. None of these 10 tell you when to claim benefits, or what …
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There’s An Estimated $210 TRILLION Shortfall Waiting For You
The risk of non-performance, ie running out of money, has been shifted from the employer to the employee. (That's YOU...) My Comments: There are two basic types of pension income: Defined Benefit (DB) and Defined Contribution (DC). For most of the 20th Century, the DB option was most common across the United States in the …
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Small Fees Can Have A Big Impact On Retirement Accounts
My Comments: We live where the economic model is capitalism. There is no fundamental economic incentive beyond making money for those who provide goods and services to the general public. From time to time, society has found it appropriate to create transparency or to regulate a level of transparency that effectively mitigates against financial abuse. …
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Republicans Hate Deficits. Or at Least That’s What They Claim
My Comments: First my apologies for those of you who have little understanding of economics. You are clearly not alone as this article suggests. I’m reasonably well versed, having studied it since I was a college sophmore some 50 plus years ago. I consider Paul Krugman among the foremost authorities on global economics and his …
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Helping Define Your Financial Future 