Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Bob's Blog on Retirement & Beyond

Government Acts Against Those Scamming Seniors

February 23, 2018

Governments at all levels have been warning about frauds against seniors for years. On Thursday, the Department of Justice announced that a group of agencies had been working together and was taking big action. It filed charges against more than 250 alleged perpetrators of financial frauds against seniors. The charges also described the scams used […]

Half Your Assets in Emerging Markets

February 23, 2018

Jeremy Grantham, a founder of GMO, says that he’s so optimistic about the returns of emerging markets in coming years that he’s telling his kids to put more than half their retirement assets in emerging market stocks. Grantham’s made it clear over the last year or so that the best opportunities in global markets are […]

IRS Data Show Economic Growth

February 23, 2018

The latest quarterly issue of data from the IRS show how much average incomes of the wealthy have grown since the financial crisis and what income level you need to join the top 1%. There’s a lot more in the data. The price of admission is an adjusted gross income — basically, what you make […]

The Trouble With Surveys

February 22, 2018

When I discuss how to decide where to live in retirement, I recommend that people not pay much attention to surveys and rankings. I’ve seen many of them over the years. While they’re interesting, a survey ranking doesn’t help an individual make a decision. You probably don’t give factors the same priority or weighting as […]

Social Security Underpays Widowed Beneficiaries

February 22, 2018

For the second time in four years and third time since 2008, the Social Security Office of the Inspector General concluded that the agency is significantly underpaying benefits to widowed beneficiaries. The latest report found that it doesn’t tell surviving spouses that they can apply for survivor’s benefits before age 70 and delay receipt of […]

The Tulip Mania Revised

February 21, 2018

Most people who’ve done any reading on investing have come across the Dutch Tulip Bulb Mania of the 1630s. It often is considered to be the first financial bubble and the classic example of manias, financial delusions, and other mental mistakes. This article says that everything we’ve been told about the tulip mania is wrong. […]

My First Column

February 21, 2018

I recently joined the regular contributors to I’ll be making regular contributions to its #RetireWell category. My first article is here. I also have this contributor page that over time will list my articles. […]

China’s Housing Problems

February 21, 2018

This Bloomberg article says that there still are housing problems to come in China. It maintains that housing prices are inflated and three trends are likely to cause prices to decline. It’s not predicting a crash, but a steady period of price declines. To date, Beijing’s crackdown on risk amid soaring household debt has had […]

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