My Comments: A dilemma for many people is they find the language used by those of us in the world of finance and economics very hard to understand. It goes in one ear and comes out the other. I’m about to launch an internet course that will help solve this problem. I call it Successful …
Tag: Retirement planning
We’re underestimating China’s economic power. Here’s why
My Comments: By first choosing to opt out of participating in the Trans Pacific Partnership (TPP) and then inviting a trade war with China, the US has effectively ceded global economic supremacy to China. The expressed logic behind these moves was in the guise of ‘Make America Great Again”. Hah! In turn, China is attempting …
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How to Prepare for Costs Medicare Won’t Cover
My Comments: Health issues in retirement are a given for those of us not already passed. Whether they end up costing an arm and a leg depends to some extent on how prepared we are before they happen. Both my wife and I are covered by Medicare and each of us has a ‘medigap’ insurance …
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Ride Out The Next Market Storm With These Balanced Vanguard Funds
My Comments: Readers of my blog posts know at least two things: (1) I’ve been expecting a significant downturn for longer than I can remember and (2) I like Vanguard Funds. I have much of my money there, to some extent because of their insanely low fees compared with what I lived with for most …
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I’m a Liberal Because…
As a senior citizen, I’m reminded daily that I’m running out of time to make something happen. I no longer have the energy to be angry about what happened in the past, who is to blame, and explore what might have been. I want to spend my remaining time and energy pushing for what I …
Caring for Your Aging Parents: How to Prepare
My Comments: Retirement is the third major time in people’s lives. It follows childhood and adulthood. Well, OK, a retired person is also an adult but retirement is a different stage. I describe it as when you turn off the ‘work for money’ switch and turn on the ‘money works for you' switch. Meanwhile, modern …
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Here’s what you need to know about Medicare if you’re still working
My Comments: Despite the appeal of retirement, no one is ready to admit that the transition from “working for money” to “money working for you” will be easy. The cost of health care as you get older has the potential to cause your retirement plans to come unglued. To keep that from happening, Medicare is …
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The ‘Great Bull’ market is ‘dead,’ and here’s what’s next, Bank of America predicts
My Comments: For most of my adult life, the major player among brokerage firms in the US was Merrill Lynch. Actually I remember it as Merrill Lynch Pierce Fenner and Smith. Then the crash happened in the fall of 2008 and Bank of America acquired ML on 1/1/2009. The cynic in me said that BoA …
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Money Confession: I have $30,000 sitting in my checking account, but I’m too scared to touch it
Tony’s Friday Blog = Random Thoughts: This advice from Kaitlin Menza applies not only to millenials but to baby boomers and earlier (of which I am one). But especially to those of you with many years to live. Inertia is an insidious problem for many of us. We have money in a ‘safe’ place and …
One of the Oldest Rules for Retirement Saving Is Wrong, Experts Say. Here’s the Fix
My Comments: It’s Thursday when I post about RETIREMENT. You’ve heard me say time and again that retirement planning needs to assume one of you (if you have a spouse) is going to be around until age 100. And in every one of those years between now and then, everything you buy will increase in …
Continue reading One of the Oldest Rules for Retirement Saving Is Wrong, Experts Say. Here’s the Fix
Helping Define Your Financial Future 