My Comments: These words come from Suze Orman who is a recognized and highly published woman whose focus is financial matters for all of us. The message from both Suze Orman and myself is that we have to elect people to Congress who will act on behalf of all of us if Social Security is …
Tag: Retirement planning
The Complex Truth About Reverse Mortgages
My Comments: When the Fed started raising interest rates in March of 2022 in an effort to combat inflation, the reverse mortgage industry took a huge hit. That’s because the cost of money for reverse mortgage companies became too high. They could no longer wait sometimes many years for the last person to leave the …
5 Best Vanguard Funds for Anyone Planning to Retire
My Comments: What follows here came from an article which appeared in my daily news feed. To give credit where credit is due, here’s a link to the article: https://tinyurl.com/4fvaa98f. I changed the post title to reflect my belief that growth funds in a portfolio tend to be more volatile. This is not necessarily helpful …
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An Interesting Analogy for Retirement Planning
I’m sure you’ve heard about annuities. Some of them can be imagined as a "Swiss Army Knife" when it comes to retirement planning, a versatile companion that serves multiple purposes, much like the trusty Swiss Army Knife I've carried for years. In this post, I'll describe a financial product tailored for your retirement journey. While …
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Should You Take Social Security at Age 62, 67, or 70?
My Comments: This post follows up on my previous message about Social Security, aiming to clarify program details. Now, let's delve into the decision-making process for when to apply for benefits. The primary uncertainty in this decision revolves around one critical factor: the unknown timing of your departure from this world. This factor determines whether …
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A Guide to Social Security for Seniors
My Comments: An email recently appeared in my inbox from a Deloris Johnson who identified herself as the Community Outreach and Senior Advocate for an organization called Caring.com. I clicked on the link she sent and found myself looking at A Guide to Social Security for Seniors. I've been a Social Security benefit recipient since …
Millions of People Still Haven’t Claimed Their 2021 Stimulus Checks
My Comments: From time to time I wonder if I have any unclaimed funds that have been forgotten. This article caused me to pay more attention as I have no memory of ever getting a stimulus check. Yesterday, I had a conversation with a client who asked since she had no recollection of ever getting …
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Annuities: Part Three
My Comments: This is Part Three and the last one in this series. My hope is you’ve read Part One and Part Two and ready for Part Three of the series and for it to end. I’ve attempted to provide the reader with a comprehensive and somewhat detailed overview of annuities and how they can …
Annuities: Part Two
My Comments: Two days ago I posted Annuities: Part One. In this post my attempt is to expand on a readers understanding of annuities in general so that if anyone sees this as a viable way to set aside money for the future, they’ll have a better understanding of the variables involved and how they …
Annuities: Part One
My Comments: This post is for those of you who might be considering an annuity to help fund your retirement. It appears here as Part One with Part Two and Part Three to follow this week. It’s long and detailed so you’ll likely find yourself in the weeds from time to time. My source of …
Helping Define Your Financial Future 