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Michael Lewis
Michael R. Lewis is a retired corporate executive and entrepreneur. During his 40+ year career, Lewis created and sold ten different companies ranging from oil exploration to healthcare software. He has also been a Registered Investment Adviser with the SEC, a Principal of one of the larger management consulting firms in the country, and a Senior Vice President of the largest not-for-profit health insurer in the United States. Mike's articles on personal investments, business management, and the economy are available on several online publications. He's a father and grandfather, who also writes non-fiction and biographical pieces about growing up in the plains of West Texas - including The Storm.

6 Responsibilities & Duties of a Modern Chief Financial Officer (CFO)

By Michael Lewis

cfoOver the past couple of decades, the role of the modern CFO has been, and continues to be, redefined. The advent of new technology allowing for enhanced data collection and analysis tools – as well as operating management’s demands for reliable real-time information – has extended the CFO’s responsibility to all aspects of the company. 

International commerce and expanded regulatory oversight in culturally diverse customer and employee bases complicates decisions and increases risk. As a result, the CFO’s authority and responsibilities over traditional finance, accounting, and treasury functions has intensified and expanded to satisfy an exhaustive list of internal, external, and regulatory stakeholders, many of whom have conflicting interests.

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How to Maximize Social Security Benefits – Withdrawal Options & Benefits

By Michael Lewis

social security benefitsIn 2004, Social Security benefits were projected to account for 40% of a baby boomer’s post-retirement family income, and almost all baby boomer retirees were expected to receive benefits, according to a Social Security Administration study. But Dean Baker, co-director of the Center for Economic and Policy Research, thinks those projections were conservative. Today, according to Baker, Social Security payments account for 90% of income for one-third of all seniors and more than 50% for two-thirds of them. For unmarried seniors, the dependence upon Social Security is even greater, accounting for almost three-quarters of their income.

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What Is a Reverse Mortgage (HECM) – How It Works, Pro & Cons

By Michael Lewis

hecm coupleMany seniors struggle to make ends meet each month. At the same time, they often own thousands of dollars of real estate in the form of equity in their home. But unless they take action, that equity remains untouchable, unable to help them out with basic living expense. What’s worse is that mortgage payments further reduce their available cash each month to pay crucial expenses.

Henry J. Kaiser Family Foundation report states that more than three of four seniors over the age of 65 have equity in their homes ranging from $67,700 to $325,200. One in 20 have home equity greater than $398,500, and 1% have more than $799,850.

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7 Factors That May Affect When You Retire – Reasons to Work Past Age 65

By Michael Lewis

senior working at homeIn 2010, a Pew Research report indicated that three out of every four members of the workforce expect to keep working for pay after they retire. 60% of them believe this will be by choice, not necessity – but pre-retirees may be more optimistic than justified in their expectations. According to the Center of Retirement Research, less than half of all households are financially prepared for retirement at 65; a quarter will need to work at least one to three more years; and almost one in ten will need to work past age 72 or longer.

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How to Write a Book – Steps to Publish, Market, and Sell Your Books

By Michael Lewis

write a bookFrom the Neanderthals who left hand prints on the cavern walls of El Castillo, Spain more than 37,000 years ago, to the G.I.’s crude drawings of a long-nosed fellow peering over a fence announcing, “Kilroy was here,” humans have sought immortality through art. The same impulse that drives the graffiti tagger in Los Angeles drives the white-haired Hamptons matron to pen a letter to the local newspaper about animal leash laws: a desire to be seen, heard, and remembered.

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Is America the New Rome? – United States vs. the Roman Empire

By Michael Lewis

roman empireThe example of the first great republic in recorded history (509 B.C. to 29 B.C.) was omnipresent in the minds of America’s founders as they created a new republic centuries later. As a consequence of their deliberations and, perhaps, the “protection of divine Providence” as written in the Declaration of Independence, the United States of America, in the mind of many of the founders, was intended to be the modern equivalent of the Roman Republic. The Roman Republic ended with the infamous assassination of Julius Caesar in 27 B.C..

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What Is Global Warming and Climate Change – Facts & Effects

By Michael Lewis

climate changeClimate change – specifically global warming – is one of the more controversial issues mankind is facing. Consensus about climate change’s definition, effects, and causes, especially the role that humans play in the acceleration of climate change, is virtually impossible to reach. The controversy is particularly clear in the energy industry, where many assert that there is no scientific agreement about the causes of global warming or its potential problems.

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How to Climb the Corporate Ladder – 5 Keys to Career Success

By Michael Lewis

corporate ladderIt’s good to be the boss. People in charge of an organization not only make more money, they also have happier family lives, are more satisfied with their work, and worry less about their financial futures, according to a Pew Research report. Those in the top levels consider their employment a “career,” not just a job that pays the bills.

Of course, promotions to those top levels are never guaranteed. However, there are a number of steps you can take to improve your chances of advancing your career – whether with your existing employer or a new one. Long-term success relies on having as many options as possible and ensuring that you’re prepared when an opportunity arises.

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Are Annuities a Good Investment? – 7 Things to Consider

By Michael Lewis

annuitySome financial advisors assert that annuities are expensive, contrived insurance/investment combinations promoted by brokers who, according to The Motley Fool, “are getting rich with big commissions.” The site continues to bluntly state that “investors can generally do far better for themselves elsewhere.”

Suze Orman, financial advisor and television host, says that “not very many of us should be investing in annuities at all,” and that “there are reasons why they sometimes make sense, but there are even more reasons why they mostly do not.” However, even the most critical do recognize that annuities provide real benefits for some investors with unique needs.

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Are American Schools Failing? – How to Improve the U.S. Education System

By Michael Lewis

students classroomA headline in the December 2013 issue of The Atlantic claimed that American schools compared to the rest of the world – the members of the Organization for Economic Co-operation and Development (OECD) – were “expensive, unequal, bad at math.” Their conclusion was based upon American student performance in the Programme for International Student Assessment in 2012. Far East countries such as China, Korea, and Japan were top performers, while most European and Scandinavian countries ranked higher than the U.S. as well. Even the country’s former Cold War competitor, the Russian Federation, ranked higher than the United States in the assessment.

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6 Stock Market Investing Tips & Guide for Beginners – Checklist

By Michael Lewis

stock market chartBernard Baruch, known as “The Lone Wolf of Wall Street,” owned his own seat on the New York Stock Exchange by age 30 and became of the country’s best known financiers by 1910. Mr. Baruch, while a master of his profession, had no illusions about the difficulties of successful stock market investing, saying, “The main purpose of the stock market is to make fools of as many men as possible.” According to Ken Little, author of 15 books on investing and personal finance topics, “If you are an individual investor in the stock market, you should know that the system stacks the deck in its favor.”

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What Is Nanotechnology – Examples, Future Applications & Risks

By Michael Lewis

nanotechnologyIn 1959, physicist Richard Feynman predicted a future in which scientists would, by manipulating atoms and molecules, be able to build materials and structures of higher strength, lighter weight, increased control of the light spectrum, and greater chemical reactivity.

Everything of a physical nature – human beings, plants, minerals, air – is composed of combinations of atoms and molecules bound together either by shape or electronic charge. Manipulating atoms on a nano-scale would theoretically allow humans to reproduce everything from diamonds to food.

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What Is Your Investment Risk Tolerance – Definition & Questionnaire

By Michael Lewis

risk toleranceThe consequences of “financial risk” became apparent to many investors during the a two-year period from 2007 to 2009. The stock market (as measured by the Standard & Poor 500) plummeted from 1562.47 on October 10, 2007 to 752.44 on November 20, 2009. As a consequence, more than one-half of the retirement savings of many people were lost.

Many investors had saved money for years in order to enjoy a comfortable retirement – but as a result of the decline in stock values in that two-year period, workers were forced to delay retirement or accept a significant decrease in their expected standard of living. The S&P 500 did not regain its previous high level until the first week of April 2013.

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How to Find & Choose a Financial Advisor – 7 Things to Consider

By Michael Lewis

financial advisorChoosing a financial advisor is one of the more difficult tasks that a person will make. If the choice is made correctly, the benefits are incalculable. But if the choice proves to be wrong, the results can be disastrous for you and your family.

The following tips are intended to help you identify, evaluate, and choose a financial advisor that is familiar with the problems you face as an investor and can help you achieve your financial goals. With his or her knowledge of your personality and risk profile, your advisor can guide you safely through the morass of choices to those most likely to lead to success.

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6 Best Low-Risk Investments as You Near Retirement

By Michael Lewis

retirementWith age comes wisdom – or, at least, so those of us who are approaching the age of retirement hope. For many people, wisdom includes the recognition that prices of assets can go down as well as up, especially in the short-term. In addition, experience shows that markets do not always reflect underlying values, driven in the short-term more by emotion and psychology than by logic. History is full of companies who have gone public and enjoyed soaring stock prices, only to go bankrupt in the harsh light of economic reality.

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