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Mcnay Settlement Group

Debtor's Prisons in Kentucky and Other Horrors of the Justice System

Don McNay | Posted 10.14.2014 | Crime
Don McNay

What is going on in Kentucky is apparently going on in various pockets of the nation. It has to stop because it is wrong. It also has to stop unless the rulings of the Supreme Court mean nothing to people charged with upholding them.

Life Insurance Advisor: Out of the Closet

Don McNay | Posted 09.13.2014 | Business
Don McNay

I've called myself other titles, masking that my income comes from the life insurance industry. There are multiple reasons why my lifetime occupation became a semi-hidden secret. The industry itself went through the same kind of identity crisis.

Why the Decrease in Unions and Defined Benefit Retirement Plans Hurts Us All

Don McNay | Posted 08.30.2014 | Business
Don McNay

Is there a correlation between the drop in unions and the drop in defined benefits plans? It certainly seems like it. As defined benefit plans are going away, so is the safety net for older Americans. Most bankruptcy filers are under age 54, but there is a steady rise in bankruptcies of people over age 55.

Same Sex Marriage, Taxes and Winning the Lottery

Don McNay | Posted 10.10.2014 | Business
Don McNay

The first step that all seriously committed couples, same sex or heterosexual, should do is find a competent financial planner to help them plot out a well thought out strategy.

The Hall of Fame and Dead Kentucky Lawyers

Don McNay | Posted 09.04.2014 | Business
Don McNay

It was a session of the Kentucky Bar Association, but it felt like a wake. A reasonably large crowd came to hear about the downbeat topic of attorney suicides. Two years ago, a number of Kentucky attorneys took their own lives.

Clay Bigler, CSSC, Overcoming Adversity to Achieve Success

Don McNay | Posted 04.20.2014 | Impact
Don McNay

Thank God my daughter Gena didn't listen to me. She never listened to me much, but this is one where Dad was dead wrong. She fell for him immediately, and after 20 years, you would think they were still on a honeymoon. I was right about the 30 guys that I ran off before him, but completely missed on Clay.

Winning the Jackpot -- A Matter of Life and Death

Don McNay | Posted 03.31.2014 | Money
Don McNay

It can be argued that Abraham Shakespeare, David Edwards and Amanda Clayton had little in common besides winning the lottery. Along with diverse geographic differences, they were very different people with very different problems. And they are all dead. Long before their average life expectancy.

Republic Wireless: Game Changer in Revolution against AT&T & Verizon

Don McNay | Posted 01.26.2014 | Business
Don McNay

"The revolution will put you in the driver's seat. The revolution will not be televised." -Gil-Scott Heron I'm a middle age man with a love/hate affa...

If You Can Wait Until Your Child Is Age 27 to Let Them Have Money, Do It

Don McNay | Posted 09.29.2014 | Business
Don McNay

Few 18-year-olds are prepared to handle a large lump sum of money. Laws prevent people from buying alcohol until age 21. It is assumed that people who can't legally buy a beer can somehow be responsible for handling thousands and sometimes millions of dollars.

The Master of Mass Tort Administration

Don McNay | Posted 03.29.2013 | Business
Don McNay

Even if you don't know what a mass tort administrator or a class action administrator does, odds are that you have interacted with one at one time.

Going for Your Dream Job

Don McNay | Posted 01.25.2013 | Business
Don McNay

Sometimes you get to fulfill your dreams. Sometimes you never knew they were your dreams until the opportunity knocks on your door. Or a headhunter calls out of the blue.

The Trailer Park Test for Personal Finance

Don McNay | Posted 11.16.2012 | Money
Don McNay

Recently, an accomplished professional woman told me she had wanted to marry a rich man at one point in her life. My response was why?

Business Lessons From a Bookmaking Front

Don McNay | Posted 06.12.2012 | Business
Don McNay

There was one factor that made the dry cleaners a smart business decision. In its back room there was a bookmaking operation and an ongoing card game.

Carl Kremer: The Coach You Want Your Child to Play For

Don McNay | Posted 04.30.2012 | Sports
Don McNay

Kremer projects Midwestern values of focusing on the team instead of the individual. He beats a cupcake team by fifty points, but praises the opponent's "hustle" or "fighting spirit." I've tried to get him to trash talk, but Carl is not going to let that happen.

Why Occupy Needs to Work With the One-and-a-Half Percenters

Don McNay | Posted 01.28.2012 | Business
Don McNay

If Americans set up their lives so that we depend less on Wall Street and Washington, both entities will notice. We will be hitting them in the place where it hurts the most: their wallet.

Has Bank of America Pulled a Netflix?

Don McNay | Posted 12.05.2011 | Business
Don McNay

Three years after US taxpayers bailed Bank of America out by giving them part of the $700 billion bailout, they repaid Congress by slapping their customers in the face with a $5 a month fee for using a debit card. Bank of America may have sparked its "Netflix movement."

Bernanke and the War on Senior Citizens

Don McNay | Posted 11.23.2011 | Small Business
Don McNay

If you follow what the Federal Reserve is doing, all the moves are designed to protect Wall Street at the expense of Main Street.

Are You Ready to Jump Into the World of Self-Employment?

Don McNay | Posted 10.10.2011 | Small Business
Don McNay

If Americans like the idea of self-employment and know it presents the greatest opportunity for growth, what is stopping some of them from taking the plunge?

Legalized Loan Sharks

Don McNay | Posted 09.28.2011 | Business
Don McNay

"Financial reform" is a boon for people in the payday loan business. When people fall out of the world of traditional banking, they are still going to need bank-like services. Payday lenders will be in position to fill the gap.

Elvis and the Definition of Happiness

Don McNay | Posted 11.17.2011 | Healthy Living
Don McNay

"I believe the key to happiness is someone to love, something to do, and something to look forward to." -Elvis Presley The King had it right. If...

Betting on a 2011 Kentucky Derby Winner

Don McNay | Posted 07.05.2011 | Sports
Don McNay

When making your Derby bet, forget all the high powered systems and strategies and give it your best guess.

College Graduation: A Very Special Mother's Day Gift

Don McNay | Posted 07.04.2011 | College
Don McNay

Sunday, May 8 is Mother's Day this year. It is also graduation day at Northern Kentucky University. I'll be at Northern, watching my nephew, Nick McNay, go through the graduation procession.

Ashley Judd and the Quest for Perfection

Don McNay | Posted 06.23.2011 | Books
Don McNay

Ashley Judd appears to have a perfect life, and being the sibling of a perfect child can be tough. Just like Wynonna, I have a problem with food.

Keeneland: The Book

Don McNay | Posted 05.25.2011 | Sports
Don McNay

Just give me one more crack at the ol' race track -The Mills Brothers As the son of a professional gambler, I spent a lot of my childhood at race t...

A Sensible Way to Deal with Addiction

Don McNay | Posted 11.17.2011 | Healthy Living
Don McNay

One Pill Makes You Larger One Pill Makes You Small And the ones that mother gives you Don't do anything at all - Jefferson Airplane My first expo...