My Comments: Erik Conley’s blog has roughly 6,282 followers. I can only dream of having that many. This blog post of his summarizes Barron’s Big Money poll. He also says “…Big Money doesn’t necessarily mean Smart Money”. by Erik Conley / April 29, 2019 I've been an avid reader of Barron's magazine since the early …
Tag: Retirement planning
7 of 10 Adults Over Age 50 Get This Wrong About Social Security
My Comments: Social Security has become a critical financial component in the lives of millions of retired people. If you’re not there yet, you must learn the basics or live with the regret. I think of age 50 as a critical turning point for any adult who thinks they might retire some day. From this …
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How To Solve America’s $100 Trillion Problem Of Wealth Inequality
My Comments: Wealth inequality has become an existential threat to the future of American society. The chaos in Washington, indeed the election of trump to ‘drain the swamp’, is an evolving extension of this problem. If the problem has a solution, it’s going to take many years, perhaps generations, to see us return to the …
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6 Facts About Bonds You Need to Understand
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 …
This May be Why Americans Are So Bad at Saving for Retirement
My Comments: This problem is not going to get fixed any time soon. And not in time for most of the baby boomers looking at retirement in the next few years. Alternative solutions will have to appear if society is unwilling to find ways to help the elderly survive, if not thrive. If you are …
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Why Traditional Retirement Advice Could Leave You Broke
My Comments: I’ve now posted almost 1900 blog posts on this site since I started in 2011. Everyone of them, until now, has required you to read a sometimes lengthy article on some topic. This one is a video that impressed me with it’s relevance. I think it’s worth another 7 minutes of your day. …
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What The Charts Say About A Possible 90% Drop In The Stock Market
My Comments: I don’t believe we’re going to see a 90% drop in the stock market. Period. What I do believe is that the longer we wait for the next crash, the deeper it’s going to be. If you have money somewhere that you plan to use for your retirement, you need to be very …
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This Critical Part Of Retirement Takes Years Of Planning & Investment, And It’s Not Money
My Comments: Most articles about retirement focus on money. Or how to avoid not having any. For millions of Americans, that’s the number one fear as the years roll by. What’s described here is both tragic in one sense and perhaps avoidable in another. And for each, there’s an underlying message to be learned by …
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 …
A tragedy is unfolding in the stock market that should worry both bulls and bears
My Comments: A tragedy for whom, you might ask. I interpret this to mean everyone with money invested who cannot afford to lose a bunch of it. And especially those no longer working, whose ability to survive financially is dependent on money invested in retirement accounts. Yes, I know, I’ve been telling this tale now …
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Helping Define Your Financial Future 