Helping People Become as Successful as Possible With Their Money
Almost every day now we hear optimistic reports about the stock market suggesting that the economy must be improving because the price of stocks continues to grow (albeit not agressively).
Surely this must be a good sign, right? And if we were to pour cold water on that notion we must surely be the bad guys. But what is the truth?
Before pointing out the obvious (at least in my mind) reason for concluding that it…
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When Texas governor, Rick Perry, implied (well it might have been a little stronger than an implication!) that Ben Bernanke might have bordered on being treasonous in some of his past or possibly proposed actions as chairman of the Federal Reserve System Board of Governors, he stirred up a hornet's nest.
Unfortunately, almost all of the public discussion about this event considered whether or not this was a civil or “politically correct” thing to say. None of it that I heard focused on the issue that drove the comment, specifically…
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Every cloud has a silver lining. At least that’s what the proverbial they say! And when it comes to the economy that may well be the case….
Every day the government makes it harder for a person to start and build any kind of economically sound business. That’s not a political statement, at least not altogether. It is a bureaucratic statement….
But here is the silver lining….
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After writing about how the price of health care and everything else does indeed double every ten years, more or less, I knew I wanted to follow up with a few thoughts about retirement planning and how the compounded effect of normal inflation must be considered in planning for retirement.
When Social Security was first established in America the retirement age was 65 years while people lived, on average, only a couple of years longer. Now, life expectancy in America is nearing 80!
In other words, people may well see their cost of living double twice during retirement. Actually, some may experience much more since living to age 100 is not at all unusual.
Consider a very real potential.
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