Thursday, June 20, 2019
The Illinois debt saga continues. The state operated without a budget since 2015. In June, just before their fiscal year end, both S&P and Moody’s downgraded Illinois’ credit rating to one level above “junk bond” status. Moody’s said: “Legislative gridlock has sidetracked efforts not only to address pension needs but also to achieve fiscal balance, allowing […]
The fundamental law of supply and demand reigns supreme. When supply is much higher than demand, it’s a buyer’s market. For savvy auto buyers, with a little patience, good values should appear as the 2017 model year winds down. While on vacation in Indiana, my regular lunch time walk to the local hamburger haven included […]
I hope everyone enjoyed their Independence Day Celebration. I came close to taking a week off when something caused me to want to read the “Declaration of Independence”. I urge every subscriber to take some time and read it through. Those who stood up for our independence paid a heavy price. The Constitution Society article, […]
During an interview with David Holland on his “Plan $tronger” television show he said, “Retirement is NOT like being on a permanent vacation”. Having been retired for over a decade I believe he is spot on! During spring break we put over 1,000 miles on the car driving grandchildren all over Arizona. Our youngest remarked, “Grandpa, being […]
Hardly a day goes by without an article blaring about record levels of debt and warning of a collapse. Irresponsible borrowing can adversely affect everyone, including those who lived within their means. Reuters reports, “Americans’ debt back at record high after nearly a decade”: “Americans’ debt level reached a record high this year, surpassing the […]
What if you discover you bought the wrong annuity? What if the projected income falls short of the estimates? Can you get out of the contract? The response to our special report, Miller On The Money Annuity Guide was terrific. The most common response was readers wishing they had read the report years ago – before they […]
Seniors, savers, baby boomers and retirees are constantly bombarded with financial information written by those wishing to sell their products or services. The readers are prospective nails; and the authors tout their particular hammer as the best solution to your financial challenges. Many have been credited for the above quote, including Mark Twain and Abraham […]
I love the line in the country song,“Mammas, Don’t Let Your Babies Grow Up To Be Cowboys”. …”Cause they’ll never stay home”. Thousands recently graduated from high school and college. Despite the motivational commencement address about moving on to the next stage of life, many graduates will continue living at home for a decade or […]
In 2016, Facebook (FB) earned over $10 billion, while seemingly giving away their product. FB’s sales averaged almost 50% growth over the last 5 years. The current stock price tops $150/share – the market values the company in excess of $425 billion. That’s pretty heavy lifting for a company that went public just five years […]
What is it about politicians? When they have budget problems, their solution is to contrive all kind of excuses to create and raise taxes. Cost cutting is seen as performing an unnatural act. The newest gimmick is a “Soda Tax”, basically a tax on sugary beverages. Philadelphia started the trend. Their efforts are fizzling out […]
