economy, life insurance, new economy, protection

Job Change, Group Life Insurance and Russian Roulette

In the United States, there is a huge number of households which are unprotected or under protected by Life Insurance. In a recent LIMRA study 7 in 10 households believe would be in serious financial distress if an adult in the household passed away.

37 million households have no life insurance.
Another 33 million households do not have sufficient life insurance to count themselves as protected.

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economy, new economy, retirement

Investing with Stocks at Record Levels

I have talked to many clients. I have read and listened to many economists and Chief Investment Officers who are nervous about investing hard earned savings when markets and indexes are making new highs.

Many people feel the market is “due for a correction”; they worry about a “bubble bursting like 2008”; they look at the political environment and feel confused by what is happening in Washington DC.

Looking at retirement planning is different from investing other assets.
Many people are limited by 2 factors,
(A) the Need for retirement income, and
(B) a limited time horizon.

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economy, new economy, retirement

“Morning in America…”

I was driving into work today and a Chevy Volt sped by me. Yesterday a Fisker Karma was parked in front of my office. Last month Tesla started mass production of the Model3.

Technology is bringing a renaissance to American manufacturing. New industries and new job descriptions are being created, even as “old economy” jobs become antiquated and outsourced to robots.

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economy, new economy, retirement

Management Flaws in Corporate America

The most recent rounds of corporate earnings reports for retail companies has by and large been very disappointing. Many companies are struggling to survive in an environment dominated by a few large ecommerce companies.

 

Disappointing earnings have resulted in lowered outlooks and fallen stock prices of many retail companies.

 

I recently had the opportunity to talk to several people who work in corporate America, particularly retail. What I learned is scary.

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AI, economy, new economy, retirement

Productivity and Robots

 

For decades the US economy has suffered from stagnant wages and stifled productivity. While the economy has grown in GDP since 1970 growing from $1 trillion to $18.5 trillion in 2016 the American worker has not enjoyed commensurate benefits. Wages have remained flat for decades. 

 

In the past, studies have shown that part of the reason for this was the development of the computer and its influence on businesses improving efficiency. 

 

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