Blog Posts

  • It’s Them, Not Me

    June 11, 2012
    Greece is now the poster child for debt. In a recent Bloomberg article, Robert Benmosche, CEO of AIG, was quoted as saying that many Europeans are going to have to get used to the idea of retiring later; maybe at 70 or even 80. The article points out that the ...
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  • Should You Care About the Jobs Report and Europe?

    June 4, 2012
    On Friday, the jobs report was weaker than expected. This came after a long week (or two) of discussion about how Europe might affect the world economy. Recently, Carl Richards wrote about the one question that comes up a lot in turbulent markets―should I swear off stocks forever? Carl pointed ...
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  • Income for Retirees with Minor Children

    May 29, 2012
    The U.S. Supreme Court decided recently that children conceived after the death of a parent are not eligible for Social Security survivor benefits. In Astrue v. Capato, the court ruled unanimously that state law is the deciding factor in whether Social Security benefits are paid. This case highlights a small ...
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  • Five Steps When Inheriting Money–Make it a Blessing Instead of a Curse

    May 21, 2012
    Money changes your life. My 11-year-old son was talking with his friends about what he would do with $1 million. One of the kids said he would pay off his parent’s mortgage, buy an iPad and have plenty left for the rest of his life. I had to chuckle because ...
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  • Fidelity Study: Now We Need $240,000

    May 14, 2012
    Last week, Fidelity Investments issued its annual study on the costs of health care for the average 65-year-old couple retiring this year. These costs do not include nursing home stays but do count the co-pays, deductibles and prescription costs that Medicare does not cover. Last year, the total estimated cost ...
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  • My Brother’s Question

    May 7, 2012
    My brother sent me a link to an article on retirement spending the other day with the comment, “I am sure you will not agree.” The gist of the article was that household spending peaks between ages 45–54 and then falls throughout the rest of our life (after kids have ...
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  • Slow-Going Retirement Trends

    April 30, 2012
    Last week, the trustees of the Social Security and Medicare trust funds released their annual review (get the executive summary here). They found that Medicare’s expenditures are highly uncertain going forward, and future cuts might be the only way to bring the cost structure in line. Social Security itself is ...
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