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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.

A Different Look at Life Insurance

Don McNay | Posted 07.14.2011 | Business
Don McNay

Why give your family a lump sum and have them blow it? Most insurance policies have options to pay out over time, but few people use them. It limits them to the terms of the insurance company. Thus, I came up with a simple system.

Wisdom From a Wealth Wizard

Don McNay | Posted 06.09.2011 | Business
Don McNay

I've spent nearly 30 years around the financial business. I've known a lot of "paper gurus" who can talk a decent game but really don't practice what they preach.

The Person We Should Be Moving Our Money to

Don McNay | Posted 05.28.2011 | Business
Don McNay

Over 4 million people moved their money from Wall Street Banks in 2010, according to Sara Ackerman, project coordinator for Move Your Money. I bought...

Big Town, Small Town, Big Time, Journalists From Boston University

Don McNay | Posted 05.25.2011 | Media
Don McNay

Boston University could not have produced two more different journalists than my friends Joe Nocera and Samantha Swindler.

The Opening Round in the Battle to Implement Health Care Reform

Don McNay | Posted 05.25.2011 | Business
Don McNay

A recent battle in my home state of Kentucky gives a good preview of how the national battle to implement health care reform is going to go -- kicking and screaming.

Health Insurance for Children Under Age 19 in Kentucky

Don McNay | Posted 05.25.2011 | Business
Don McNay

I'm doing research on a longer article about the first battles on implementing health care reform in Kentucky. A battle between well-entrenched healt...

Bill Collectors Communicating With the Dead

Don McNay | Posted 05.25.2011 | Business
Don McNay

The Wall Street Journal posted a story about Portfolio Recovery Associates, one of the nation's largest debt collectors, using the signature of a woman named Martha Kunkle, who died in 1995.

A 60 Second Explaination of Immediate Annuities

Don McNay | Posted 05.25.2011 | Business
Don McNay

2010-12-22-pizzamoney.jpgYour relationship with your money compares to a dieters relationship to food.

Byron Crawford, Bard of the Backroads

Don McNay | Posted 05.25.2011 | Books
Don McNay

Crawford's new book, Kentucky Footnotes, appears to be anthology of some his most interesting columns from his 29 years as an award-winning columnist. It's more than that.

Financial Fitness and Physical Fitness

Don McNay | Posted 05.25.2011 | Business
Don McNay

Most of us want to be physically fit, but very few of us are. The same holds true with financial security. As my father (and many others) used to say, "A lot of people want to go to heaven but no one wants to die to get there."

Third World America: Is Living a Normal Life a Political Statement?

Don McNay | Posted 05.25.2011 | Impact
Don McNay

America is going through economic chaos. But a lot of other things are going on, too. There aren't enough of us living normal, stable lives.

Be First in Your Age Group to Embrace Technology

Don McNay | Posted 05.25.2011 | Technology
Don McNay

The New York Times recently had a fascinating article about a car that Google is working on that can drive itself. I want one.

Eat, Pray, Love and the Economic Crisis

Don McNay | Posted 05.25.2011 | Books
Don McNay

Liz Gilbert said of Italy, "In a world of disorder and disaster and fraud, only artistic excellence is incorruptible." I have pondered her insight for weeks. I keep asking myself the essential question. Is the US headed the way of Italy?

Bailouts Don't Work: The Lotto Winners Study

Don McNay | Posted 05.25.2011 | Business
Don McNay

You can see why bailouts fail. Wall Street and lottery winners have a common bond. They have access to easy money without restraints.

Is Main Street Ready for the Second Wave of the Recession?

Don McNay | Posted 05.25.2011 | Business
Don McNay

The phrase "double-dip recession" means little to most of us. To people on Main Street, it hasn't been been a "dip". We took a drop to the bottom two years ago and stayed there.

Money and the Magic Pill

Don McNay | Posted 05.25.2011 | Business
Don McNay

Right now, the top six "too big to fail" banks control about 70% of the wealth in America. Here's how we can all change that.

Was "Financial Reform" Really Robin Hood In Reverse?

Don McNay | Posted 05.25.2011 | Business
Don McNay

"Financial Reform" will be a boom for people in the payday loan business. There will be many new customers who need bank-like services. It's almost like Congress implemented a plan of "Reverse Robin Hood."

Citi Field: Baseball's Symbol of Why You Should Move Your Money

Don McNay | Posted 05.25.2011 | Business
Don McNay

Houston was able to find a stadium sponsor to replace Enron. A city as big as New York should be able to find a sponsor for the Mets' field that is not funded by the American taxpayers.

On Winning the Lottery, "Sin City" & "Big Money"

Don McNay | Posted 05.25.2011 | Business
Don McNay

Don McNay has been on a book tour, promoting his book, Son of a Son of a Gambler: Winners, Losers, and What to Do When You Win the Lottery. In a ...

A Teaching Role Model on Teacher Appreciation Week

Don McNay | Posted 11.17.2011 | Healthy Living
Don McNay

The first week of May is Teacher Appreciation Week. One that I was glad to have was Dan Tieman. 34 years later, I still remember his teaching. It made an impact on my life.

Betting on a 2010 Kentucky Derby Winner

Don McNay | Posted 05.25.2011 | Sports
Don McNay

Each year, I write a column on Derby Day, and if you have followed my advice, you have lost a lot of money. The large fields at the Kentucky Derby throw logic out the window. Still, the betting system I tour is a good one.

Goldman Sachs and the Ghost of Sam Erwin

Don McNay | Posted 05.25.2011 | Business
Don McNay

Any stand-up comic knows that a great way to draw attention is to use profanity. Thus, it is truly sad to see a Senator I used to respect like Carl Levin fall for that tactic.

Sentencing Kids to "Life or Meth"

Don McNay | Posted 05.25.2011 | Impact
Don McNay

"People don't you understand, the child needs a helping hand." - Elvis Presley. I walked by a car in a parking lot that had a sticker on it that...

New York Times Does Not Understand Main Street

Don McNay | Posted 05.25.2011 | Media
Don McNay

Reporting that Main Street was complicit in the financial meltdown is like blaming a murder victim for being in the wrong place at the wrong time.