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

Bob's Blog on Retirement & Beyond

How Regulators Make the Crisis Worse

November 17, 2011

We’re told that regulators are overseeing the big financial institutions. They’re looking to make sure that all the rules are followed, safe practices are followed, and customers are protected. Then how did something like $600 million disappear from MF Global in the days before it filed for bankruptcy? Why in this age of computerized transactions […]

Reducing Medicare Coverage

November 16, 2011

It’s no secret that everyone in Washington feels a need to reduce the cost of Medicare. What they disagree about is how to do it. The appointees of the administration, however, seem to agree on their preference. They want to reduce the care that is covered under the program. You’ve seen evidence over the last […]

Men and Women are Different

November 16, 2011

When it comes to their financial concerns and goals, men and women in the U.S. are different. In a study sponsored by MassMutual Retirement Services, men said they were most concerned with saving enough for retirement while women reported being most concerned about meeting their monthly expenses. But people over 60 agree that their major […]

Congress Beats the Market

November 16, 2011

In case you missed it, 60 Minutes and a new book allege that members of Congress use what they learn about the prospects for legislation and what’s happening behind the scenes to reap sizable investment profits. There are some hints that legislation is defeated to give a boost to positions purchased by congressional leaders. This […]

What’s Really Happening in Europe

November 15, 2011

Most observers believe that the discussions about the European sovereign debt crisis is about coming up with a mechanism and enough money to resolve the crisis without causing an economic collapse. George Friedman of Stratfor believe there’s more involved. In a recent piece available free to non-subscribers, Friedman believes the discussions are also about saving […]

Tax-Exempts Safe, Says Kroll

November 15, 2011

There was a lot of publicity late last year and early in 2011 about the potential for large losses in tax-exempt bonds, based largely on a report from and interviews of Meredith Whitney. As a counter to that, Kroll Bond Rating Agency just released a report with the opposite conclusion. Kroll examined data back to […]

Is Europe Melting Down?

November 15, 2011

A couple of interviews with top-level investors haven’t received near the attention I think they should. Both were interviewed on CNBC’s Squawk Box this week. On Monday, Warren Buffett said the situation in Europe is bad, that there’s essentially a run on the banks. As more sovereign debt is downgraded or receives negative headlines, investors […]

The Next Big Bailout

November 11, 2011

Once the private mortgage market collapsed in 2007 or so, the government decided to support the housing market by increasing the loans made by the Federal Housing Administration (FHA). As the financial crisis dragged on, the FHA dominated the home mortgage market. Now, it’s in trouble. There are reports today that FHA will run out […]

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