ESTATE PLANNING Most people would like to control how their money gets used as they get old and where they would like it to go after they pass away. Those wishes form an individual’s legacy intentions. It’s good to put them down in writing. This is Estate Planning. It’s Step 2 in planning for your […]
INVESTMENT PLANNING One day, you or someone you love may need daily living assistance or monitored medical care. Are you ready for that day? What can you do now to prepare for it? “I never would have imagined it,” says Dean, who is 84 and the father of a friend of mine. “I had a […]
SPECIAL BULLETIN The stock market is always ripe for drama. Last week, the Dow Jones Industrial Average* dropped 127 points on Monday. It sank 500 points early on Tuesday, due to some companies reporting gloomy results, but closed the day down only 126 points. “The market is fragile,” an investment manager told CNN. “But we’re […]
Every year, trustees of the Social Security trust funds issue an annual report. And every year, the media overreact and misreport to the American public what the trustees have to say. Here are a few headlines, which I feel are misleading: “The Social Security Trust Fund Goes Bust” — The Wall Street Journal, June 7, […]
It may surprise you to learn that many economists and politicians believe we should eliminate the penny and nickel from our currency. If you’re like me, you probably have fond memories tied to our smallest denominations. As a kid, I remember buying penny candy from my neighborhood Magic Mart. I appreciated the efficiency of the […]