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

Bob's Blog on Retirement & Beyond

Reflections on the Forbes 400 Issue

October 3, 2011

Forbes has been publishing its annual Forbes 400 list of the wealthiest Americans for 30 years. It’s usually the best issue of the magazine’s year, because it does far more than list the list members with brief bios. There are detailed articles and interviewers that focus on particular individuals, issues, or strategies. You can learn […]

Pitfalls in Retirement Calculators

October 3, 2011

One of the first steps for anyone trying to plan for retirement is to use a retirement calculator. Often one of the many free calculators available on the web is used, though there are several available that charge modest fees. Of course, some people have a financial planner prepare the calculations using a software calculator […]

Thank You, Dodd-Frank and Durbin

September 30, 2011

The financial regulatory reform law, known as Dodd-Frank, was supposed to make things better for consumers. It was supposed to end the ways those greedy banks and other financial institutions sucked unfair fees and charges out of the pockets and bank accounts of Americans. It was supposed to put the banks in their place and […]

Why You Should Own an iPad

September 29, 2011

Younger people were quick to latch on to the iPad, but many older readers are content to stay with what they know, whether it’s a traditional computer or no technology at all. Here’s a quick review of why the iPad offers a lot to the silver generation, plus one negative aspect of the iPad. […]

The Worst Month for Gold

September 28, 2011

Gold investors had a tough time in the last week. But the tough times might not be over. According to Mark Hulbert, statistically October is the worst month for gold. But consider October’s track record. Over the last three decades, the London PM Fixing Price in U.S. dollars terms has lost an average of 0.9% […]

Greece Must Default

September 28, 2011

That’s the consensus of most economists and market analysts. Yet, the Greek government and most European policymakers don’t believe that. At least, they aren’t saying so publicly. Unfortunately, the longer the default and plans to deal with it are delayed, the worse the transition will be. The latest to weigh in on this issue is […]

No Place to Hide

September 26, 2011

One thing usually happens in times of crisis. You can use this to identify a bad market from a period of serious system wide financial stress. In a crisis, investors sell off all risky assets and seek only safe havens. In investment geek terms, all correlations go to one. We’re seeing that now. The final […]

CLASS Program Terminated?

September 23, 2011

I’ve been reporting on the CLASS program that was inserted in the Affordable Health Care Act of 2010 (health care reform). The program is supposed to provide people with $50 per day to pay for almost any expenses they incur when they need long-term care. It’s elective. People would choose to join and pay premiums […]

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