I can remember the first company I worked for, a national airline. It was 1966, and I was a freshman in college. I loaded airplanes with bags, handled air freight, and waited on passengers. I loved my first job, and I loved the company. To see them now is an exercise in disgust; the airline [...]
Digital communication and information access is (quite suddenly) lifting the veil around many institutions and sources of information that were once shrouded in mystery.
Should your important money be an investment or should it be a deposit? How do you know the difference and how do you decide what is best for you? What exactly is “Safe Money?” Is it money that needs to be risk free? Is it money that needs to be available? What exactly is the true definition of “Safe Money?” The answer may surprise you…the answer is based on your specific situation and your desired goals. For many people “Safe Money” is money that will be there when it is needed.
The Baby Boomers are overpowering the health care system. For over 100 years, the discussion of a national health care system in America has been both a hot and cold discussion. As president, Theodore Roosevelt first suggested a health care system that would be available for all Americans. In fact, as a candidate for [...]
According to 2019 census data, 10% of those 65 and older fell below the official poverty measure. However, that number rose to 14.4% by 2020. A big reason for this is that older people are more likely to use costly services like staying overnight in a hospital or a skilled nursing home. What is most [...]
Investors, teenage girls and sheep, what do they all have in common? Investors read about a hot mutual fund and buy, the problem is the results are from past performance. Hot mutual funds share results that have already happened, the new investors merely shrink the returns. The new owners of the mutual fund have probably missed the boat.
I remember when our church in Emmett, Idaho, finally was able to retire the mortgage. Our parish had a pot luck dinner; several parish members spoke, including my mother, and then a ceremony to burn the mortgage. I was 11 years old then and knew nothing of money or a mortgage; I remember how happy [...]
I remember the early years in Olympia, Washington, learning to sell annuities; it was tough. Not only tough for me but tough for anyone who was anything other than a “stockbroker.” Not only were our products not fully developed, but we were the “ugly” stepchild of the financial world. Annuities were considered second-class citizens, [...]
What do glass, toilet paper, and cell phones all have in common? The answer is this; three large American companies have turned to annuities to offset uncertainty in their pension obligations. PPG Industries, Kimberley Clark, and Verizon are only three examples of large companies buying their way out of unknown future pension obligations. In other [...]
What is the actual definition of a senior? Does that mean old folks? Does it mean retirees?