January 18, 2021
by Russell Gloor, National Social Security Advisor at the AMAC Foundation, the non-profit arm of the Association of Mature American Citizens
Have you been stressed during budget conversations? Are you anxious at the grocery store checkout when you hear the total? Do you seem to be buying more and more stuff to make yourself feel better about everything?
There are many factors in 21st century life that we must plan for. We should have car insurance to cover us while we’re on the road as well as homeowners or renters insurance to cover our possessions at home. Everyone should have a will whether they are wealthy or not. Many people who do not have significant assets believe there is no need for them to have a will. However, if you have children and die without a will, your state government is going to decide who raises your children. If you’re incapacitated, the state government will decide who handles your money and healthcare needs. While each of these eventualities can be covered, and may or may not occur, all of us will eventually retire if we live long enough.
Making children happy became a parenting goal in the early 1970s. The paradox, as everyone with a modicum of commonsense knows, is that the more effort parents put into making a child happy, the more unhappy the child becomes.