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Category: Rick Miller

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Rick Miller: Musings on life in the time of the novel coronavirus*

March 16th, 2020 by
COVID-19 affects small businesses and hourly employees the most.

As our daily lives become more and more impacted by COVID-19, I started a running list of all the things that sprang to mind. As this Atlantic article suggests, we are fortunate to have significantly better medical technologies and resources than were available in 1918, the year of the “Spanish flu.” While the diseases are […]

The Novel Coronavirus or COVID-19: How and when will life return to normal?

March 16th, 2020 by
COVID-19 hand washing measures

The World Health Organization reports (as of March 13, 2020) that there have been 132,758 cases of COVID-19, with 4,955 deaths. The virus has spread to 123 countries. It certainly looks scary, and it is scary for those directly affected. But consider: The United States Centers for Disease Control (CDC) estimates that so far this […]

Recent Stock Market Performance in Context

March 16th, 2020 by
chart showing financial crises compared with COVID-19

The stock market has been quite volatile in the last month. There has been considerable investor uncertainty associated with the novel coronavirus and COVID-19. Historical perspective The chart shows the performance of the S&P 500, adjusted for inflation using the US Consumer Price Index (CPI) since the beginning of 1926 (when the Standard Statistics Company […]

What If You Die Young? Protect Your Family in Three Easy Steps. Life Insurance Is Just One.

February 11th, 2020 by
An estate plan protects your family.

It’s important to make an estate plan that protects your family if you die. Losing a loved one is hard enough without losing your standard of living too.

When I’m 64…Err 94: Retiring Gracefully Along With Your Parents

September 24th, 2019 by

These days, families deal with parents and children aging together. What steps can you take to reduce the chances that either you or your parents will have to struggle financially during your retirement?

Stop, Look, and Listen: Don’t Be A Ponzi Scheme Victim

September 9th, 2019 by
stop sign

Why are Ponzi schemes so popular, both with fraudsters and with investors, and how can you avoid becoming a victim?

What Is Your Backup Retirement Plan?

June 26th, 2019 by

This article originally appeared in Forbes.com. You’re happy in your career. You’re earning enough for now and putting money away for later. You feel productive. You like working. When asked, you say you have no plans to retire until you’re at least 65. Surprise! Things happen. You could confront health challenges that affect you or […]

How You Can Apply The Serenity Prayer To Your Financial Life

December 17th, 2018 by

This article originally appeared on Forbes.com. God, grant me the serenity to accept the things I cannot change, Courage to change the things I can, And wisdom to know the difference. -Reinhold Niebuhr I often see families who could benefit from more serenity in their financial lives. To illustrate this concept, I created a hypothetical […]

The IRS Announced Higher 401k And IRA Contribution Limits For 2019 – How Much Should You Save?

November 27th, 2018 by

This article originally appeared on Forbes.com. On November 1, the IRS announced cost of living increases to IRA and employer plan contribution limits for 2019. The IRA annual limit increased from $5,500 to $6,000; the employer plan limit (applicable to 401(k)s, 403(b)s, most 457 plans and the Federal Government’s Thrift Savings Plan or TSP) increased […]

Yield Curve Inversion

August 24th, 2018 by

Who’s afraid of the inverted yield curve? The financial press has been worrying about the yield curve[1] recently. The yield curve is “flattening,”[2] and that flattening “raises a warning flag.”[3] If you read the articles, you’ll see that the authors are most concerned about the possibility that the yield curve may become “inverted.” This raises […]