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Essential Documents For Retirees

Retirees simply cannot be without this set of documents, instructions, and statements, says Morningstar’s Director of Personal Finance and senior columnist Christine Benz.

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Like usual, Christine presents good tips for managing our wealth. But just like most things in life, advice is often based on ideal situations. As they say in pharmacy profession, “individual results will vary”.

In both my life and work experiences, I’ve sometimes found that family dynamics often presents more problems than solutions. Don’t always assume that your loved ones will value your wishes more than their own.

Greed makes people do things they normally wouldn’t do. Who’s to say that your family will comply with your instructions or directions if you are incapacitated, or after you pass away? I’ve seen scheming family members disregard health care directives and will instructions in order to line their own pockets. I know, it’s shameful. But whose to stop it if you’re not there?

Consider including a neutral third-party, such as a lawyer or other licensed fiduciary, in the process to make sure that your wishes are being followed or that your best interests are being served.

Posted 07 September 2010 † Guzzo § Commentary § Personal Finance ‡ Comments (0) ° Tagged: ,

Wall Street And Healthcare

I think we now all know what happens when Wall Street becomes involved with the government. Just think of what the consequences will be when Wall Street becomes more involved in healthcare.

Posted 06 September 2010 † Guzzo § Commentary § Political ‡ Comments (0) ° Tagged: , ,

Following The Money

I really like this new PBS television program, Need to Know. They investigate and report things that other news programs seem to dismiss.

For example, here’s a report about a brave Bloomberg News team who has sued the Federal Reserve in order to find out just where all of their reported almost $13 TRILLION in taxpayer provided bailout money for the financial system is going, and in which the Federal Reserve refuses to disclose.

Posted 05 September 2010 † Guzzo § Economic § Other Financial ‡ Comments (1) ° Tagged: ,

Inside Job

From filmmaker, Charles Ferguson (“No End In Sight”), comes INSIDE JOB, the first film to expose the shocking truth behind the 2008 economic crisis. This global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs.

Through extensive research and interviews with major financial insiders, politicians and journalists, INSIDE JOB traces the rise of a rogue industry and unveils the corrosive relationships which have corrupted politics, regulation and academia. Narrated by Academy Award® winner Matt Damon, INSIDE JOB was made on location in the United States, Iceland, England, France, Singapore, and China. Arrives in theaters October 8th.

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Source: Inside Job Film

Posted 04 September 2010 † Guzzo § Economic § Political ‡ Comments (0) ° Tagged: , ,

Weekly Wrap

It’s not all doom and gloom as many would have had you think. Here’s Friday’s market wrap capping the weekly market rally, via Bloomberg -

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According to Briefing.com’s Weekly Wrap -

The S&P 500 rallied 5.3% as all ten sectors posted a gain. Financials (5.7%), consumer discretionary (5.0%) and materials (4.2%) led the way. Defensive sectors under performed on a relative basis, with utilities gaining 1.6%.

Here’s the Weekly Economic Report excerpt via The Vanguard Group -

The economic news turned somewhat brighter Friday morning, as the Labor Department’s unemployment report was better than economists’ gloomy expectations. Among the week’s other bright spots were better-than-expected expansion in manufacturing, improved consumer confidence, and modest growth in consumer income and spending.

All this good news is in sharp contrast to what’s been reported over the past few weeks, but in reality, nothing has really changed in that short a period of time.. except one’s perception.

I hope that none of my readers panicked and bailed out of the stock markets based solely upon recent negative sentiment being reported in the financial news. You know that it’s always in your own best interest to conduct your own due diligence, and not make any rash decisions based upon what some perceived “financial expert” tells you.

It’s your money, manage and invest it wisely, or be like these guys -

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Posted 03 September 2010 † Guzzo § Commentary § Economic § Stock Market ‡ Comments (1) ° Tagged:

The Curious Case Of Cole Bartiromo

Ten years later and people still aren’t doing their own due diligence.

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Posted 31 August 2010 † Guzzo § Investment § Stock Market ‡ Comments (0) ° Tagged: , ,
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