Saturday, September 20, 2014

Thank you, FDR...

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