My Comments: There’s a fundamental difference between strategies and tactics. If you don’t now know the difference, and you realistically plan to retire at some point, then I encourage you to learn and understand the difference. Too many people get caught up in tactical steps, responding to what they might see on TV or in …
Tag: Retirement planning
Attention, Seniors: A New Social Security COLA Bill Was Just Introduced in Congress
My Comments: This might be good news if it wasn’t so unlikely to happen. Sean Williams | Mar 18, 2017 According to the January snapshot provided by the Social Security Administration, nearly 41.4 million retired workers are receiving a monthly benefits check from Social Security totaling an average of $1,363. While that may not sound …
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3 Secrets to a Comfortable Retirement
My Comments: These lists are usually somewhat pathetic. Why just 3 secrets; why not 5? And these are not really secrets. But I needed something to try and catch your attention today so here are 3 Secrets! I think it’s very possible that the next 30 years are going to be far less ‘profitable’ than …
The Big Problem With Democrats’ and Republicans’ Social Security Proposals Is They’re Both Right
My Comments: We long ago decided as a society that letting huge swaths of our population, the elderly, suffer and die early was not in our best interest. This premise has been part of the fabric of every society for millions of years. In the 1930’s it was decided that it was not enough to …
It’s Bubble Time!
My Comments: I’ve been around long enough to have experienced some bubbles in the markets and they’re not pretty. Especially the one in 1987 when my colleagues and I stared at each other in disbelief as our money and that of our clients disappeared in a cloud of dust. We’re due for another. And while …
The US Is Going Through a Profound Demographic Shift That Will Affect Everyone
My Comments: Our economy is dying. And it has nothing to do with Republicans or Democrats. It has to do with demographics. A solution is to encourage immigration, a source of new people to add to the labor force, buy homes, buy cars, buy groceries, buy insurance policies, and everything else normal people do. Yes, …
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Why Huge Chunks of the Health Care Industry Hate Ryancare
My Comments: I’ve posted extensively over these past 5 years about the ACA and the health care industry in general. I’ve watched, as a person involved in selling health care insurance these past 40 years, the confounding annual increases in the cost of healthcare to the point it would overwhelm our GDP if not checked. …
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The 5 Worst Possible Shocks To The Economy; From Washington, D.C.
My Comments: Fixing what ails us ain’t going to be easy. Especially when the two political parties are more intent on having the other fail than doing what we hired them to do in the first place. My future is limited while that of my children and grandchildren has decades to run. Economics, despite it …
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Social Security Taxes
My comments: Social Security is under threat. It’s running out of money. Sort of. Back in 1983, under President Reagan, Congress made some changes as, like now, the future of the program looked cloudy. They increased the age at which you qualified for full benefits, they increased the percentage of earned income you paid into …
Investment Test
My Comments: I have no idea where the following came from. I found them in my archives and decided the respective statements and explanation are still very relevant. And besides, today is Monday and that’s when I post stuff about investing money. My apologies for not being able to correctly attribute this post. Which investment …
Helping Define Your Financial Future 