When it comes to guarantees, don’t assume anything! A guarantee is a promise or assurance. While a written contractual guarantee strengthens your legal position, it’s only as solid as the person, government, company, insurer and court system standing behind it. In our article “How Good Is Your Comfortable Retirement Guarantee?”, I assumed some investments were guaranteed, safe and worry-free; I […]
» Read moreWhen it comes to true social security reform, forget about it. The politicos will never fix the real cause of the problem. If the Republican party tried to right the social security ship, the democrats and liberal media would roast them and they would be drummed out of office. On the other side, we hear candidates espousing more giveaway programs, […]
» Read moreBest of Dennis… Dennis is recovering from his chemo/radiation treatment and hopes to be back writing soon. This article appeared on January 12, 2017. Can Americans Really Depend on Social Security? In 1935 the government passed Social Security into law setting up a government managed retirement plan for the majority of US workers. To fund the plan, they passed the Federal […]
» Read morePoliticians of all flavors continually remind us social security is in danger of going bankrupt. Now our esteemed leaders want to fix it by increasing benefits. What could possibly go wrong? Newsmax Finance reports on a recent interview with former fed head (Big Al) Alan Greenspan: (my emphasis) “Former Federal Reserve Chairman Alan Greenspan warns that cuts may be needed […]
» Read moreI recently interviewed, Aja McClanahan, who told us how she and her husband built a plan that took seven years to pay off $120,000 in debt. At a young age, they are now debt-free! While they should celebrate, becoming debt-free is just one major milestone in a longer journey. It’s exciting and frustrating to finally get to the top of […]
» Read moreDid I achieve a journalistic milestone? I got my first tip from an insider. What I learned is darn important for our readers. Our article “The Social (IN)Security Charade”, discussed how the government gave us a COLA increase and took it right back by increasing medical premiums. The tipster confirmed I was spot on – however, I barely scratched the […]
» Read moreI’m frequently asked, “Should I count on social security when doing retirement planning?” The best approach is to discuss what my wife Jo and I have experienced. I compared our 2018 benefit statement with 2015. Our Cost of Living Increase (COLA) was 2.3% – (1.15% annually). Our net payments dropped approximately 1.75% – we are clearing less today than we […]
» Read moreI thought I was clever in my early 20’s when I said to my car pool buddies, “How come there is so much month left at the end of the money?” As the month wore on, more brown paper sacks with peanut butter & jelly sandwiches appeared. Sometimes we traded snacks just like when we were kids. We discussed how […]
» Read moreFor decades, every presidential candidate has vowed to “fix” social security, yet it never happens. In the meantime, workers have money deducted from their paychecks and retirees get paid. Is the system really broken? In a word – YES! While the politicians fiddle, the system continues to deteriorate. The challenge becomes more difficult because there is so much misinformation about […]
» Read moreSome of my most enjoyable memories are when my youngest son Drew played baseball. How fortunate we were when an extraordinary coach, Gary Staab, asked him to play for the North Atlanta Mustangs. We spent our summers driving terrific young men all over the southeast. I wish I had taken a photo of 15 teen-age boys sleeping in my motorhome […]
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