According to the National Academy of Social Insurance, by law, Social Security’s surplus funds are invested in inter-est-bearing Treasury securities, which earned an effective interest rate of 3.6 percent in 2014. The interest earned is credited to Social Security’s trust funds.
When it rains it pours, as the saying goes. If you’ve been following the financial news this summer, it probably seems like a torrential storm has been churning all around the world. Every week, people ask me about the headlines they hear on TV. “What’s going on with China?” they want to know. “Is the Greece situation over?” “Why do I keep hearing more about Puerto Rico?” “What about Canada?”
If you’ve opened a newspaper or watched TV in the past few days, you probably saw headlines about the Greek debt crisis. It’s possible you found these headlines easy to understand, with no explanation required. It’s also possible you shrugged your shoulders and said, “So what?”
As children, we all learned about the Founding Fathers—those men who either fought for American independence or worked in some other way to achieve it. We learned about names like George Washington, John Adams, Benjamin Franklin, and Thomas Jefferson.
Last month, I posted a blog on time management and how it relates to financial success. Today, I’d like to share a few simple, easy tips on how to manage time.
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For some time now, I’ve been posting blog messages on different topics. The point of these blog posts is to share a little bit of the knowledge I’ve gained during my years as a financial planner.
Next Monday we will celebrate Memorial Day. Sadly, many people will just be glad to be off work and have some free time.
A little boy came up to his mother in the kitchen one evening while she was fixing supper and handed her a piece of paper that he’d been writing on. After his mom dried her hands on an apron, she read it, and this is what it said: