“To try may be to die, but not to care is never to be born.” –William Redfield
In 2008, the institutions that were the foundation of the U.S. economy dissolved as if they were built on sand. Most of us probably couldn’t describe exactly what all of these companies did, but we recognized them from their Manhattan skyscrapers, billboards, and TV ads.
In a downward spiral that seemed to have no bottom, we heard and read that companies like AIG, Merrill Lynch, Countrywide, Lehman Brothers, and Bear Stearns were on the brink of collapse. When Lehman Brothers filed for bankruptcy, we learned that it was the largest bankruptcy filing in U.S. history. We read that Countrywide, the company to which millions of us mailed our mortgage payments every month, was failing quickly. (We now know that it was acquired by Bank of America).
We expressed outrage when AIG, at one point the world’s largest insurer, received federal bailout money and two weeks later rewarded a select group of employees with lavish bonuses totaling $443,344. The corporate compensation proved to be a major public relations gaffe and fed into public perceptions of corporate excess. Read more
The leaves are changing, and we find ourselves changing as well. Depending on where you are in the country, you may be draining the pool or storing the patio furniture, or even harvesting the year’s crops. Whatever form it takes in your life, the cool weather causes us to slow down, take stock, and see where the summer left everything.
It’s no surprise then, that October is National Financial Planning month. This can be a great time for a meeting with your financial planner, especially if you only meet a few times a year. Let’s look at a few financial fitness items to discuss with your financial planner and to keep in mind as the leaves fall outside. Read more
Published by Beth Schanou, JD
Most of the time, it feels like life is moving at the speed of light. I often feel my entire day, both at home and at the office, is spent in fast forward mode. As if it’s a race to get done as much as possible, I’m running from one thing to the next, all day long, and making sure every household member is fed, cared for, and attends school and their activities. Of course this includes the four-legged members of the family too. Read more