Investing Costs and Risk Tolerance: How to Protect Your Money

Typical Financial Planning: The type of financial planning in use today encourages you to put your money where there is a risk you could lose the money.  The truth is, the only place you can keep your money safe from loss is in certain Bank products and in specific Life Insurance contracts which legally guarantee …

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The Coronavirus and Economic Insecurity

According to the latest CDC report, the new infections occurring in China due to the COVID9 virus are down, even as the virus spreads to other parts of the world including the United States.  With 6 deaths being reported in the US at the time of this writing, death rates are nil compared to death …

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Your Credit Score is at Risk (but it’s not what you’re thinking)

Your credit score is currently determined by five significant facts: 35% of your score is made up of your payment history. 30% of your score is based on the amount you owe compared to your available limits. 15% of your score comes from the length of your credit history. 10% of your score is established …

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Medicare, Social Security, Hospice and Life Insurance

Recent audits show that Medicare will run out of funding by 2026. And Social Security will be depleted by 2035 and that includes the funds that pay for hospitalization, long term care and hospice. The latest data are based on the projections of an audit performed by the trustees of these funds who are appointed …

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If You’re Not Apprehensive, You’re Not Paying Attention

It has now been over 10 years since the market crash of 2008.  And during the past decade, many have been lulled into believing that the high yields they have earned during that time are sustainable.  People have, once again, come to trust in dividend-paying stocks as safe and secure investments because they have forgotten …

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Your Retirement Plan Is Getting Shoved Around again, but here is How You Can Prevent It

The Federal Reserve is at it again.  Raising interest rates, as if they have some crystal ball that tells them what only God could know, what is a fair and authentic interest rate. Here’s the crux of the matter.  The U.S. monetary system depends on deposits, loans, and interest to fuel it.  If the Fed …

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How to Protect Your Gains

Ouch!  The market had a hiccup last week giving up nearly all the gains it attained over the summer. Now, maybe you don’t have enough in the market to worry about that hiccup or maybe you have enough invested that you now feel you need to hold on until this market recovers and you regain …

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$42,300,000,000 in Fees

Wow! $42.3 Billion, according to Bankrate; that is what 3 banks, JPMorgan, Bank of America and Wells Fargo, collected in fees during one year, $6 billion of those fees coming solely from ATM and overdraft fees alone.[i]  Of course, these are the same banks that we taxpayers bailed out in October of 2008 to the …

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The $1000 Dilemma

Less than 2 out of 5 Americans have enough money saved to afford an unexpected $1,000 expense. Such an expense would force 1 out of 5 to charge such an unexpected expense on a credit card, leaving the rest to either scrounge it off a friend, family member or take out a personal loan.  Interestingly …

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The Social Security Myth

Ken Fisher, Founder of Fisher Investments, wrote in USA Today on June 24, 2018, “You shouldn’t worry about Social Security running out of money because in the past this same fear has “prompted politicians to act and put in simple fixes.”[i]  Then he goes on to explain that raising taxes, or the minimum retirement age …

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