For those with adequate retirement income, waiting to take Social Security payments has been a popular and rewarding financial strategy. The reason? Untapped benefits grow by 8 percent a year until age 70.
Jack Davis, 76, is an attorney with Loomis, Ewert, Parsley, Davis & Gotting, P.C. He has complemented his success as an attorney with a commitment to the greater Lansing community, where he has chaired the Lansing Regional Chamber of Commerce and the Lansing Economic Area Partnership (LEAP), served on the Lansing School District board and chaired the region’s Blue Ribbon Panel to retain General Motors. He was named Boys and Girls Club “Man and Boy Award” winner (1989), is founder and former trustee of the Lansing Community College Foundation, the Okemos Education Foundation, the Opera Company of Mid-Michigan, and Legal Aid of Central Michigan. In June, he will become president of the Rotary Club of Lansing.
Lansing Developments Move Slowly Toward Completion
There are two projects, both along Michigan Avenue, each announced with great fanfare, but little tangible progress to date: The $280 million Red Cedar Renaissance and the Kewadin Lansing Casino.
Before explaining the role of monetary policy in stabilizing the economy, it is necessary to inquire into the role of money and how it is created. Money is first and foremost a means of payment (otherwise known as a medium of exchange). It is also the yardstick by which the value of goods and services are measured and compared, and is a convenient vehicle for storing wealth for future use. The value of money has nothing to do with the amount of gold backing it. It is measured strictly by the quality of goods and services it buys, otherwise known as its purchasing power. It follows that moneys value varies (over time) inversely with the rate of inflation.
What do Warren Buffet, Bill Gates and Sheldon Adelson all have in common (besides billions)? They are all in favor of the EB-5 program as backed in a New York Times op-ed quoting both its direct and indirect benefits, including supporting domestic job creation and increased contribution toward the U.S. GDP.1