81 questions for you to consider
These are arranged into some categories to help you organize your thoughts.
Social Security
1) Will it be there for me when I retire?
2) What is the best age to take Social Security to maximize my benefits?
3) Will Social Security be…
Medicare – Can it Last?
Tom Hegna, an economist, always says that longevity is not just a risk, it is a risk multiplier. Nothing could be truer for the Medicare program. In 1965 When the Medicare program began, life expectancy was age 70. (In case you missed the first…
The Truth About Social Security
The Social Security and Medicare Trustees just issued their annual report. In it, they claim Social Security will go bankrupt in 2034. One year later than last year. Medicare will go bankrupt in 2030, also one year later than last year's report.…
Why you should reconsider “Buy Term and Invest the Rest”
Dave Ramsey, Suzy Orman, and others love to jump on A L Williams' mantra Buy Term and Invest the Rest. There are real reasons (not emotion) that can be demonstrated to refute this strategy. In addition to those here is a great read from a study…
Where will States get the money for their pensions?
The Chicago Tribune recently made available a chart showing the unfunded pension liabilities of all the states. That number alone is almost one trillion dollars.
States like California, Illinois, Ohio, Pennsylvania and New Jersey have $50…
The Medicare Trust Fund Myth!
Please understand: we are not actually cutting Medicare, we are merely slowing the growth of Medicare, because if we don't it will bankrupt our country.
This is no longer a trust fund of Medicare. Medicare had only $325 billion of assets…
Crystal Ball
Who do you know who knows what is going to happen in the next 30 days?
No one and I mean NO ONE, from the President, to the Congress, to all the financial experts and the leaders of the world have any idea of what is about to happen in the…
Retirement plan problems.
By Michael A. Fletcher December 9
A measure that would for the first time allow the benefits of current retirees to be severely cut is set to be attached to a massive spending bill, part of an effort to save some of the nation’s most distressed…
L50) The world’s mega banks now have official permission to pledge depositor accounts as collateral to make leveraged derivative bets
http://www.lewrockwell.com/2014/12/mark-nestmann/worldwide-bail-ins-are-coming/
Wow!! If there was ever a compelling reason to back away from banks and “too big to fail” ones particularly, and look for refuge in Whole…
What If You Lose?
A recent conversation brings this topic to focus. While flying, two men, we’ll name them Don and Jeff, engaged conversation and as is common these days the conversation turned to money.
Jeff mentioned, almost bragging, that he had socked…
