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Welcome to the 'No-Guilt' blog!
People come to here because they want to build financial confidence and take meaningful action. We provide the context for those things that affect your financial health. Our goal is to help you live in the 'No-Guilt Zone'.

The Most Common Pitfall I See in Personal Finance

In personal finance insurance is perhaps the most difficult subject to address because it forces us to think about the unknown.  In particular, our own mortality and sense of invincibility.  Bad things happen to other people—not me. 

Further, because insurance is about protecting against a future unknown, it’s difficult to determine or calculate how much protection you and your family will actually need.  Then there’s the issue of estimating how long will you need the protection. What is known is that you will pay premiums month after month and year after year. What is unknown and uncertain is whether the event you’re insuring against will ever occur.

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Why Are Social Security Investment Returns So Low? Part 2

In Part 1 of Why Are Social Security Investment Returns So Low?, we looked at how insurance companies work and why they are inherently conservative.  Let’s continue by examining Social Security and its investment returns.

 

 

Now about those Social Security Investment Returns

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Why Are Social Security Investment Returns So Low? Part 1

In the previous blog Social Security: What is it? Insurance or Investment?, we determined that Social Security from its beginning was and is an insurance program that blends the personal needs of each participant with the collective needs of society.

Given that it operates like private insurance, the logical question is: “How does an insurance company work?”

In this two part blog, we will first answer that question.  In part two, we will look at Social Security investment returns.

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Social Security: What is it? Insurance or Investment?

For over two decades, we’ve heard ongoing calls to transform Social Security from a government administered “group” program, where everyone who’s ever worked benefits, to an investment program of individual accounts, where you as the investor manage your own account.

You hear the arguments about how the stock returns have far outpaced those of U.S. treasuries and how an individual could be worth so much more.  That may be true, but I assume there’s far more to it than your potentially receiving higher returns.

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How to Prepare for Medical Expenses in Retirement?

The question about handing medical expenses in retirement is coming up more frequently, even among my younger clients.  They hear that the average lifetime retiree health-care costs is over $400,000 for insurance premiums, co-pays and other out-of-pocket costs.

One of the best ways to prepare to manage these expenses is to get healthy now.  What do I mean?

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