Miller on the Money

Why do retirees crave guaranteed fixed income? It’s simple. Retiring comfortably is having enough money to enjoy your lifestyle, without constantly having to worry about money. Prior to the 2008 bank bailouts, Certificates of Deposit and top-quality bonds filled that role well. Current interest rates are pathetic. At current rates, CDs and quality bonds are guaranteed to lose money. Our […]

I recently reconnected with Phil M. a high school buddy I had not seen in 50 years. We played “catch up”, shared some laughs, and complaining about the state of the world today. We discussed lazy and disrespectful kids, government meddling in a kid’s lunch box – and a lot of points in between. NOTE: Each year I write a […]

A friend sent me the recent announcement about the Social Security Cost-of-Living Adjustment (COLA) for 2021. “Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in 2021. The 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2021.” Brian Anderson tells […]

My wife Jo had some CDs mature. If we renewed them at the current .4% rate, she would take an 80% income cut. She remarked, “That’s not enough income to pay the bills. We don’t want to tap into the principal each month to make ends meet.” What would be a perfect retirement plan? I retired in 2005. We wanted […]