Category Archives: Uncategorized

HEALTH CARE COSTS IN RETIREMENT

Fidelity estimates a 65-year-old couple will need on average $230,000 to cover health care costs in retirement.  This is $20,000 less than 2010’s $250,000. The reduction is largely a result of the new Medicare changes being implemented. This decline is … Continue reading

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China’s Use of Commodities

Alan Abelson wrote an article called “Paradigm Shift” in the  May 16 edition of Barron’s. Included is a table showing the commodity consumed by China. It is a good indicator of the impact the Chinese have on world growth. China’s … Continue reading

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Over 85 Years of age: Women Outnumber Men 4 to 1! Are You Prepared?

The Society of Actuaries published a study (December 2010) The Impact of Retirement Risk on Women. There is much work to be done preparing both men and women who live longer but especially women because of the longer life expectancy. … Continue reading

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ECONOMISTS AND THEIR CRYSTAL BALLS

Economists make forecasts and the more notable ones make it to the popular press. The problem is no one can precict the future and the variables so numerous that intepretations frequently differ. One of the reasons we strive to design … Continue reading

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ELECTRONIC SAFETY DEPOSIT BOX

Remember the “old days” when you stored your important documents in the bank’s safety deposit box. You used to get a free one with your checking account. (I know, I really dated myself here!) As we move away from paper … Continue reading

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Wanted: Non-U.S. Consumers

We all know about the housing bubble, the bad mortgages, etc. But on a more structural level, the growth in the world economy needs to modify. From about 2003-2007, American consumer spending generated global growth. Spending money they didn’t have. … Continue reading

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