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

Bob's Blog on Retirement & Beyond

Long-Term Care Costs Around the Country

October 4, 2017

Long-term care is expensive, but the cost varies by both the types of care and where it is received. You can receive care at home, in assisted living, or in a nursing home. The cost of each varies considerably. But greater differences exist around the country with prices varying greatly between expensive metropolitan areas and […]

New Reverse Mortgage Rules Limit Cash

October 4, 2017

The FHA announced new rules on reverse mortgages that change the cost structure and also limit the cash available to some homeowners. Here are the details. So, why the new rules? Well, this program has been a money-suck for the Federal Housing Authority. Almost one in five, 18 percent, of reverse-mortgage loans taken out from […]

Technology Tames Inflation

October 3, 2017

Inflation consistently has been lower than many people, including officials at the Federal Reserve, expected. This article explains that some secular forces affect the long-term inflation rate and focuses on the role technology has played in keeping inflation low. For the Fed, the safest assumption is that it is taking longer for inflation and economic […]

Long-Term Bull Becomes More Bullish

October 3, 2017

Laszlo Birinyi has been calling stock market trends for a long time and is sort of an old-fashioned tape reader. He basically follows the money, tracking cash flows to make calls about both market indexes and individual securities. This article explains why he recently became more bullish and details his bullishness throughout this bull market. […]

Retirement Medical Costs Keep Rising

October 3, 2017

The annual retirement health care estimate prepared for Fidelity Investments found that costs keep rising. The estimate for 2017 says that costs are 6% higher than in last year’s estimate. The report estimates lifetime medical expenses for a couple that is 65-years-old today will be $275,000, compared to $260,000 last year. That estimate doesn’t include […]

The Fight Against Senior Scams

October 2, 2017

Scams against seniors have been around for a long time, but efforts to combat them and protect seniors have been meager. That’s changed in the last few years. One act that accelerated protection for seniors was the Center for Disease Control declaring that financial abuse is a hazard to seniors. The CDC defined senior financial […]

Living in Margaritaville

October 2, 2017

Jimmy Buffett has teamed with a Canadian housing developer that already has developed a lot of homes in Florida to develop a Margaritaville subdivision in which Baby Boomers can live their last years in paradise. See details. Buffett’s songs, from A Pirate Looks at Forty (1974) to Oldest Surfer on the Beach (2013), have long […]

The China Problem

October 2, 2017

Economists worry about the fiscal problems in China, but they often disagree about which are the most important problems and how to deal with them. What they agree on is that if China doesn’t fix its problems, the rest of the global economy will suffer. This article argues that the real problem in China is […]

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