“How will the outcome of the U.S. election impact retirement planning, and what actions are you taking now?” Financial Planning Magazine asked 320 financial advisors this question. Nine out of 10 believed the election would have a lasting negative impact...
With the 2020 elections, we are hearing a lot about socialism. Many fear that, should the Democratic party sweep the White House and Senate, an inevitable march toward the US becoming a socialist country will begin. Socialism is an economic system in which the means...
How much money do you need to have to be considered rich or wealthy? The best answer is “it depends,” considering your definitions of rich and wealthy. Are they terms defined by one’s net worth, income, or overall wellbeing? Is the context local, national,...
In two recent columns, I discussed two reasons not to worry about the possibility of “defunding” Social Security. First was the unlikelihood of Congress and the President ending Social Security payroll taxes. Second was the option for Congress to fund...
Last week I pointed out the strong improbability of Social Security failing despite President Trump’s promise to support eliminating the payroll taxes that fund it. Accomplishing this would require not only his reelection, but also Republicans retaining control...
Watch this video on YouTube One of the most asked questions I get is, “Why is the stock market going up when the economy continues to get worse? This makes no logical sense.” More workers file for unemployment every week. Over 20% of our workforce is...
