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. …

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

The White House and Hidden Retirement Fees

My Comments: It’s fairly easy to paint Wall Street as a villain in almost any article that deals with the management of money for the vast majority of Americans. After all, they typically act in their own best interest, which may or may not coincide with what's in my best interest. But that’s the American …

Continue reading The White House and Hidden Retirement Fees

Investor Optimism Rose in March

My Comments: I have no idea what I’m having for supper tonight, much less how the markets are going to perform over the next several months and years. However, assuming I haven’t left the building, I expect to eat something, and in like manner, I expect the markets to move up and down with a …

Continue reading Investor Optimism Rose in March

The Annuity Puzzle

My Comments: As a financial planner and investment advisor for the past 38 years, I recognize that we, that's me and you, are moving into uncharted waters. While the future is always an unknown, what we are dealing with now is how whether many of us are going to have enough money to live with …

Continue reading The Annuity Puzzle

Americans Take Payroll-Tax Increase in Stride to Keep Spending

My Comments: There is a lot of evidence and sentiment that 2013 will be a solid year. Housing starts are strong and will continue to be at least until interest rates start to climb. The jobs report continues to be positive with roughly 200K new jobs every month for the past four months. GDP growth …

Continue reading Americans Take Payroll-Tax Increase in Stride to Keep Spending

Obama Planned Big Budget Cuts All Along

My Comments: I’m trying to decide if the author of this article is fundamentally to the left of the Obama administration and therefore critical of his lack of fire in promoting new revenue sources for the country, ie higher taxes, or whether the writer is critical because virtually everyone on the right is critical, regardless …

Continue reading Obama Planned Big Budget Cuts All Along

Retirement Security Gets More Complicated

My Comments: While this was written a few weeks ago, the underlying theme is entirely valid today. There is little chance that interest rates are going to see any significant increase over the next 24 months. The Fed has said they are not going to mess with them for perhaps two more years. There is …

Continue reading Retirement Security Gets More Complicated