Came across an interesting comment on a public forum: *** Once I hit 40 and saw retirement on the horizon in 25 years, I went into panic mode saving as much as possible into my retirement accounts. I’m currently 50. I guess it is better late than never but how I wished I had started […]
Archives for April 2017
Squash the gold bugs
What do gold bugs fear? They fear that everything will crater. That the economy will totally fall apart. Now… if that really happens… I mean if it REALLY happens… what will that gold be worth… really? A lot? Why would it be? Who do you know right now that knows how to value an ounce […]
Often an advisor, never a planner
Was reading something this morning about the Murray Gell-Mann Amnesia effect. Michael Crichton wrote about it in 2002 in an essay titled: “Why Speculate?” And I quote: **** Media carries with it a credibility that is totally undeserved. You have all experienced this, in what I call the Murray Gell-Mann Amnesia effect. (I call it […]
How to create financial security from meager assets and income
From a client, Marilyn, in New Mexico: *** I appreciate that you listen to what I want to achieve and what I’m worried about, rather than telling me what you think should be important to me. I’m impressed you could look at my rather meager assets and income and devise solutions that have given me […]
Mathematical revenge from actuarial hell
Been reading more about Obamacare and how the law is (still) failing. Insurers can’t make a net profit on these plans. People can’t find affordable coverage. No one is really all that happy (except the politicians who are, interestingly enough) exempt from the law. And on it goes. And yet there are True Believers out […]