When It Comes To Inflation, The Fat Lady Isn’t Even Close!

“It ain’t over ’til the fat lady sings” is a phrase that comes from a tendency in operas to end with a heavy-set lady singing an aria. It’s a reference to Valkyrie Brunnhilde’s 10-minute solo that ends Wagner’s Ring Cycle opera. Sportscasters use the line frequently. One should not presume to know the outcome of the event, even if it […]

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The Generation X Retirement Report Card Is Scary!

Early Generation Xers (1965-1980), age 58, are nearing retirement, while the younger (43) folks are turning the corner into their peak earning years. The National Institute on Retirement Security report “The Forgotten Generation: Generation X Approaches Retirement” indicates the majority are FAILING to save anything close to enough to retire comfortably. Even with 401k programs available their entire careers, most […]

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Accumulating Wealth During Inflationary Times

During my working career, I was fortunate to become close friends with many very successful people. Tom (fictitious name) fit that mold. We had each other’s home phone numbers and talked regularly. Tom was a high-level vice president of a major corporation and was the speaker at a banquet for our training class. He asked me to stay when the […]

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Witnessing History on the Deck of the Titanic

Does anyone believe that people standing on the deck of a sinking Titanic would be overcome by the emotion of “witnessing history”? I believe survival would be more appropriate. I opened my inbox and found MarketWatch and four other publications referencing a Bank of America Merrill Lynch (BOAML) report “Interest Rates at Lowest Level in 5,000 years”. CNBC goes one […]

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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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