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Showing posts from November, 2016

Obamacare sets a record

Interestingly enough, there was a record number of people signing up for health insurance through the Obamacare system yesterday.

According to Sylvia Matthews Burwell, U.S. Secretary of Health and Human Services, more than 100,000 Americans signed up for the health insurance their system on November 9. This is the largest number they have seen so far during the 2016 open enrollment season.

Newly elected Republicans promised to repeal the Affordable Care Act. If they keep that promise, these individuals will presumably lose their coverage.

It will be interesting to see how all of this plays out in January and February of next year.

Investing in Trump's America

Three different people, none of whom have any confidence in President-elect Donald J. Trump, have asked me if they should continue to put money into their retirement accounts. Since this many people are asking, I wanted to share with everyone the same advice that I've given them.

Yes, I told them.

Yes, you should definitely continue to put money into your 401(k) and other retirement accounts.

No matter what President Trump does, there are still tax advantages to putting money into your 401(k), IRA, or other retirement accounts.

No matter what President Tump does, you are still going to retire one day. You are still going to need those funds.

However, I'd put much more of it into cash, bonds, utilities, or international funds. It's going to be a couple of months before everyone figures out exactly what President Trump is going to do, exactly what impact it will have, and, in turn, how they can make money within the context of those changes.

Until then, I believe a more defe…