Your Fears are the stories you tell yourself … the outline of fear mirrors the outline for story telling. Here are some key points Karen makes in the video below. Fears focus on a fundamental question … what will happen next? The answer often focuses on the story about all the things that might happen […]
Pandemics, like the diseases themselves, run their course. The coronavirus will also run its course, as will its impact on global markets. This article isn’t about COVID-19. Rather this piece is about human nature and investing, and by extension, the success or failure of your long-term financial plan. What really should be unexpected in this […]
What is the true source for the cost of delayed savings, or the cost of waiting? Most articles focus on the lost dollars, which is true. But why are those dollars lost? Please read the insert below (and a link to the post in case those who get these by email can’t access the embedded […]
Looming government pension issues at the State and Local levels impact not only current government employees, but retirees and taxpayers alike. Many have seen the National Debt Clock. However, this is only U.S. Treasury debt – which doesn’t include agency debt, unfunded liabilities of Social Security and Medicare, State and Local debt, some student education […]
When do you claim your Social Security when you want to retire (stop working) at age 60? Or 58? Or some other age before 70? 62 is the earliest you can claim your benefit (reduced), and age 70 is the latest you should claim because that’s the age the benefit is maximized. Your stop working age […]
Filial Responsibility Laws (in more than half the States) could surprise you when the State comes to family members to pay your relative’s long term care bills. Children or other heirs may become responsible for parent care expenses. This may not be what you, as a parent, have in mind. You want to be […]
What happens to a reverse mortgage when disaster strikes? 2017 had a number of fires in the West and Hurricanes in the South. Other devastating natural disasters like tornados, floods and earthquakes happen too. Disasters don’t need to be widespread to affect your home – you could easily suffer loss on just your home without […]
How many times can you use a source of money in your retirement plan? Turns out, just once, unless you know ahead of time WHEN something is going to happen, or if something was NOT going to happen. Since we don’t know either, we need to plan on what resources may solve which issues we […]
Most people think of identity theft as having something to do with finances. Medical identity theft is not on people’s minds. It should be! Why? Your personal health insurance information can be used by thieves to steal expensive medical services like surgeries, expensive prescription drugs, medical equipment or devices. It could be used to falsify […]
There is a cost to indexing that most investors are unaware of. It is called “reconstitution.” What is reconstitution and how may the costs involved be solved? What is an index? An index tracks changes in the markets – think of it kind of like a weather barometer. The first article below discusses how the reconstitution effect […]
