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Retirement Security: The Gorilla in Our Midst

By The Family Wealth Group | January 2, 2013 | Comments Off on Retirement Security: The Gorilla in Our Midst

In 2009, Knowledge@Wharton published an article referring to reforming Social Security and Medicare as “trying to tackle two 800-pound gorillas.” Amid end-of-year discussions concerning government spending on entitlement programs, two things have become clear: Social Security is on the chopping block and, for now, Medicare is off the table.   [CLICK HERE to read, “Social…

The Art of Negotiation: Can’t We All Just Get Along?

By The Family Wealth Group | December 27, 2012 | Comments Off on The Art of Negotiation: Can’t We All Just Get Along?

Winston Churchill is credited with observing that if we don’t learn from our mistakes in the past, we are destined to repeat them. Nowhere is this more evident than a year ago when the 112th Congress nearly brought this country to its knees while trying to “negotiate” the national debt ceiling. Today’s 113th Congressional debates…

You: Federal Shareholder

By The Family Wealth Group | December 18, 2012 | Comments Off on You: Federal Shareholder

  Here we are, post election, and it’s politics as usual. Under the looming threat of falling off the proverbial “fiscal cliff,” our nation’s leaders have holed-up in Washington in between holidays to iron out some of the biggest issues facing our nation’s future. Doesn’t give you a lot of confidence, does it? It’s kind…

Hog Wild Holiday Shopping Tips

By The Family Wealth Group | December 11, 2012 | Comments Off on Hog Wild Holiday Shopping Tips

Now that we are well into the holiday season, consumers tend to open up their pocketbooks and, let’s face it, go a little hog wild when it comes to shopping for family and friends. That’s good news for retailers who count on this time of year to put their revenues in the black.   It’s…

How Lame is This Year’s Lame Duck?

By The Family Wealth Group | December 4, 2012 | Comments Off on How Lame is This Year’s Lame Duck?

The post-election Lame Duck legislative session has a long and frequently unremarkable history. The President and members of Congress are considered a “lame duck” when they have been defeated for re-election or elected for a final term (ineligible as a candidate for the next election) and meet in a post-election session.   On November 13,…

What is Your New Normal?

By The Family Wealth Group | November 27, 2012 | Comments Off on What is Your New Normal?

The “New Normal” refers to everything from freakish weather systems to the global marketplace to a new sitcom on NBC. It’s a very convenient and flexible phrase, as it can be used to describe positive changes or convey perfunctory cynicism. It can refer to any change that appears to be both substantial and long-term, such…

Let’s Talk Taxes

By The Family Wealth Group | November 20, 2012 | Comments Off on Let’s Talk Taxes

We might as well talk about taxes because that’s all anybody is going to talk about from now until the end of the year. January 1, 2013 marks the date when several tax changes are scheduled to take place if no action is taken by Congress, namely[1]:   ·         2% payroll tax cut expires ·        …

Are Unemployment Rates Cyclical?

By The Family Wealth Group | November 13, 2012 | Comments Off on Are Unemployment Rates Cyclical?

Some economists have labeled the first 10 years of America’s millennium the “lost decade”–at least from a financial point of view. The label stems from Japan’s woes in the 1990s when unemployment was high and economic growth contracted following an extended bubble period of high land values, low interest rates, and market liquidity. Sound familiar?…

Will the President Make You Rich?

By The Family Wealth Group | November 7, 2012 | Comments Off on Will the President Make You Rich?

In a word: No. The fact is that while an American president can be influential in setting policy in this country, Congress actually passes the laws. It’s a pretty good system. Congress is comprised of many more elected officials, which means there’s an inherent checks and balances system whereas no one person, administration or party…

Carpe Diem and Other Relevant Clichés

By The Family Wealth Group | October 31, 2012 | Comments Off on Carpe Diem and Other Relevant Clichés

Have you thought about when you will retire, or what you will do with all that spare time? If you’re a baby boomer, that may still be a foreign idea. Like many, you may be well entrenched in your career, in your highest earning years, with the kids out of the house and perhaps still…