My Comments: You may have heard me describe myself as a Social Capitalist. That term is my effort to describle my views as an economist troubled by the widening gap in income across this country. Sooner or later we have to come to terms with what I call unfettered capitalism which in my judgement, has …
Continue reading A Radical, Redistributive Re-imagining of Capitalism?
My Comments: Very few of us are awash in money. And like it or not in 21st Century America, having more money is almost always better than having less money. If you own a small business or work for one, your future financial security is always in doubt. Criticize me if you will, but my …
Continue reading When it Comes to Retirement, Small Businesses Are Failing Their Employees
It's about as fun as herding cats, but rounding up all your IRAs and 401(k)s into just one or two accounts can really simplify your financial life. My Comments: The IRS says you can have as many retirment accounts as you like. All they care about is getting their share of the money when you …
Continue reading What to Do with All Those Old 401(k)s and IRAs
Are undocumented workers really a drain on Social Security's resources? My Comments: The boogyman is trying to get you riled up. And to the extent you are riled up, it’s diverting you from an uncomfortable truth. Congress needs to change the Social Security rules in a manner similar to what it did back in 1983. …
Continue reading Undocumented Immigrants and Social Security: Separating Fact From Fiction
My Comments: I post this because you and I have the power to make sure the Social Security safety net is fixed so it remains viable well into this century. To make that happen, we have to put pressure on those whom we elect to represent us at the Federal level. It was last fixed …
Continue reading Retirees across America are facing a fiscal crisis as Social Security weakens
My Comments: Did you read the news bulletin last week that GE was terminating 4,000 salaried employees this week? There’s a reason for that and it’s described here. This problem is not just about GE, but about thousands of corporations and government entities that exist in the US. A pension plan like the one at …
My Comments: Bad things happen to good people from time to time. One of the bad things is that as we age, we tend to need more and more care from others to get us through the day. At some point, if you are still alive, it may be necessary for a professional to help …
Continue reading Don’t Fall for These 10 Long Term Care Insurance Myths
My Comments: Believe it or not, Social Security is NOT rocket science. But you’d never know that from some of the questions asked. First step for everyone, no matter how old you are today, is to go to the Social Security web site and, assuming you have a social security number, get yourself registered so …
Continue reading 3 Social Security Rules You Should Know by Heart
My Comments: While this was apparently written for Canadians, I assure you it is equally valid for those of us in the States. What you can never forget is that not every financial advisor or company offering investment products have your best interest at heart. That’s not to say fees are evil, they are not. …
Continue reading Here’s what fees can do to your retirement if you don’t pay attention
My Comments: Here are six interesting observations about life in retirement. Depending on your circumstances, I might not list them in this order, but they are all valid. I like to think each of us has three major phases of life; childhood, adulthood, and retirehood. ( not a word but you get the idea… ) …
Continue reading 6 Things No One Ever Tells You About Retirement
Helping Define Your Financial Future 