I don’t have time to plan – I’m too busy

I hung up the phone and shook my head. I have a good friend (I’ll call him Joe) who talks with me about his retirement fears. He’s in his peak earning and expense years with children getting ready for college. He’s diligent about making his 401 (k) contributions although he is not contributing the maximum. As always, I suggest he […]

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I want the truth!

Federal Reserve Chairman Janet Yellen reminds me of Colonel Jessup being interrogated in the movie, “Code Red”. Kaffee: “I want the truth!” Col. Jessep: “You can’t handle the truth!” If the Fed wanted us to know the truth they are capable of a clear explanation in plain English. Instead they talk in “Fed-speak” and then tell us what they want […]

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Rope-a-dope Fed style – “I’m going to sting like a butterfly and float like a bee!”

In June the Federal Reserve announced no rate increase. In typical Fed doublespeak they dropped several hints. The original rope-a-dope man, Muhammad Ali, is probably rolling his eyes in bewilderment. Remember the Fed said they would hike rates when unemployment got below 6.2%. Oops! Too soon, and they waffled refusing to commit to further benchmarks. Last summer the Fed hinted the economy […]

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