Don McNay, CLU, ChFC, MSFS, CSSC is founder of the McNay Settlement Group in Richmond, KY.

An award winning syndicated financial columnist, McNay is the author of Son of a Son of a Gambler: Winners, Losers and What to Do When you Win the Lottery and The Unbridled World of Ernie Fletcher. You can write to him at don@donmcnay.com or read other columns at www.donmcnay.com.

McNay is the Treasurer of the National Society of Newspaper Columnists and served on the Board of Directors for the National Structured Settlement Trade Association.

Don has a Masters Degree from Vanderbilt University and another from The American College in Bryn Mawr, Pa.

He is a graduate of Eastern Kentucky University, where he is a member of their Hall of Distinguished Alumni.

McNay hold four profession designations in the financial services field and is a lifetime member of the Million Dollar Round Table. He is considered one of the most successful settlement planner in the United States and has written numerous professional articles for publications such as Trial, Trial Diplomacy Journal, Bests Review and National Underwriter.

He has been featured in Forbes, Financial Planning, Registered Representative and numerous other publications. McNay has spoken to hundreds of legal, financial and business groups around the United States and in Bermuda.

http://www.donmcnay.com

Blog Entries by Don McNay

Making the Best of the Economic Mess

Posted December 29, 2008 | 01:57 PM (EST)



Love the one you're with

-Stephen Stills

2008 hasn't been a fun year. A recession was coming, but greedy and self-interested leaders brought us to the brink of a depression.

I'm angry about the shape we are in. I want to make sure it never happens again.

...

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Jimmy V and the Closed Wallet

Posted December 13, 2008 | 03:18 AM (EST)


Faded photographs,
Covered now with lines and creases

-Dennis Yost and the Classics IV


Former ESPN announcer and basketball coach Jim (Jimmy V) Valvano set up a foundation for cancer research after he was diagnosed with terminal cancer in June of 1992.
...

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Putting Wall Street on the Main Street Compensation Plan

15 Comments | Posted December 8, 2008 | 05:20 PM (EST)


It comes down to reality - and it's fine with me 'cause I've let it slide . . .
I'm in a New York state of mind.

-Billy Joel

Merrill Lynch CEO John Thain wants a $10 million bonus for 2008. It is not going to happen...

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Outliers and the Hillbilly Sterotype

10 Comments | Posted December 2, 2008 | 12:27 PM (EST)


Never understood that ain't no good, you shouldn't let other people get your kicks for you.

-Bob Dylan

Author Malcolm Gladwell's career path reminds me of 1970's rock star Peter Frampton.

In 1976, Peter Frampton released Frampton Comes Alive. Critically acclaimed, it was one...

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Son of a Gambler's Guide to Holiday Books

1 Comments | Posted November 27, 2008 | 01:53 AM (EST)


It's a lesson to me, the ablers and the beggars and the thieves

-The Grateful Dead

If you read my book, <u>Son of a Son of a Gambleru>, you'll know that my childhood was filled with beggars, thieves and other unusual characters.

But not nearly as...

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Thanksgiving and People On The Wrong Side Of The Economic Table

5 Comments | Posted November 24, 2008 | 07:15 PM (EST)


"It's a lonely, lonely road we're on
This side of paradise."

-Bryan Adams

My late father was a professional gambler. Towards the end of his life, he was active in helping at a soup kitchen in Cincinnati, which was run by the Sisters of Charity.

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CEOs Need to Run for Sheriff Just Once

7 Comments | Posted November 20, 2008 | 01:49 AM (EST)


And a white blinding light
Makes it all seem so right
And you feel like the king of the hill

-Roger McGuinn

At the beginning of John F. Kennedy's administration, Vice President Lyndon Johnson told Speaker Sam Rayburn about the well educated, Ivy League aides that Kennedy had...

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Fixing the Economy, from the Bottom Feeders Up

10 Comments | Posted November 17, 2008 | 02:12 PM (EST)


And it went on yesterday and it's going on tonight
Somewhere there's somebody ain't treatin' somebody right


-Bob Seger

People want to compare this recession to the recession of 1981. But there are differences. In 1981, we didn't have payday lenders, tax anticipation loans and...

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John Daly, Wall Street Bailout and Bottoming Out

5 Comments | Posted November 9, 2008 | 08:43 PM (EST)


One little problem that confronts you,
got a monkey on your back.
Just one more fix, Lord, might do the trick.

-Lynyrd Skynyrd

I saw a pathetic story about golfer John Daly and how he continues to screw up his life. He has blown...

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Max Cleland's Chance for Revenge

89 Comments | Posted November 8, 2008 | 02:39 PM (EST)


"Maybe next time he'll think before he cheats"

-Carrie Underwood

It's certain now. Georgia Senator Saxby Chambliss did not get a majority for re-election.
If he wants to hold on to his Senate seat, he will have to defeat challenger Jim Martin...

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Credit Cards In The World of Taxpayer-Owned Banks

13 Comments | Posted November 2, 2008 | 01:50 PM (EST)


Credit Cards in the world of taxpayer-owned banks

"meet the new boss. Same as the old boss." -The Who

The American people ponied up $700 billion to supposedly bail out some big banks on Wall Street. So far, we have not seen the banks what banks are supposed to...

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When 401k Came Into Our Lives

17 Comments | Posted October 30, 2008 | 04:36 AM (EST)


"Running on Empty. Running into the sun but I'm running behind."

-Jackson Browne

Internal Revenue Code section 401(k) is the only section of the US tax code that the average people can cite. They know it has something, and often everything, to do...

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$700 Billion In Taxpayer Dollars To Kill Small Banks

22 Comments | Posted October 29, 2008 | 12:17 PM (EST)


"Like a thief in the night, it cuts like a knife"

-Marty Brown

I was opposed to the Wall Street bailout from day one.

We were asked to trust the Bush administration, with no track record for truthfulness, to send $700 billion to...

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