This week I've been watching Ken Burns "The Roosevelts, an Intimate History" on PBS. It reminded me that I have FDR to thank for two programs that have secured my financial life - FDIC and Social Security.
Because of the FDIC (created in 1933 during FDR's first presidential term), I keep my precious acorns in an FDIC insured bank. Safer than a mattress or an uninsured brokerage account. Because of the FDIC - and my belief in it - I feel my $$ is safe. Thank you, FDR.
Social Security (another first term program created in 1935), means a retirement free from worry about becoming a bag lady. Thank you, FDR.
RIP FDR. Because of you, I will sleep well tonight. Thank you.
Penny Pincher
Saturday, September 20, 2014
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