There has been quite a bit of attention as of late in business publications and websites such as the Wall Street Journal, Bloomberg and CNBC in regards to our retirement funding crisis. This crisis is being framed in the context of the failure of the various different vehicles people utilize to build up their proverbial […]
I have not seen many pie-in–the-sky retirement commercials as of late. There used to be a bevy of advertisements that seemed as if they were pumped out by an advertising team comprised of Don Draper and Robin Leach. They aided the big firms in painting the mental picture and selling the dream of…“Champagne wishes and […]
The column archives on my website is divided into four categories, the largest of which is Wall Street Fraud. I have written extensively about the nefarious conduct that is perpetrated all too often at the expense of the American investor. Our goal is ultimately to educate and warn people of whom they are dealing with […]
APRIL 2013 A recent study released by the Spectrum Group, entitled 2013 Mass Affluent Investor, found that the average American “Main Street” investor remains overly pessimistic in regards to their finances. Their study focuses on what they call the Mass Affluent Investor, which they define as people with a net worth of $100,000 to $1 […]
OCTOBER 2011 I find it interesting that many in our enlightened class, whether it be the mainstream media or some Nobel prize winning economist, fail to recognize the double-edged sword of artificially low interest rates. Low-interest rates are grand if you are a debtor, not so grand if you are a saver. It is even […]
Over the past eighteen months we have been pressing our listeners in regards to the dire fiscal situation of a large swath of our states, cities and municipalities. This situation could very well lead to an extraordinary amount of municipal bond defaults over the next several years. Investors are starting to take notice by unloading […]
Let me tell you how it will be. There’s one for you, nineteen for me. Cause I’m the taxman. Yeah, I’m the taxman. Should five percent appear too small, be thankful I don’t take it all. Cause I’m the taxman. Yeah, I’m the taxman. If you drive a car, I’ll tax the street. If you […]
What if foreign entities stop buying our debt? Most of our nation’s debt is in short-term instruments that need to be rolled over on regular basis. We have just witnessed what happened when the nation of Greece had a hard time borrowing to finance their socialist entitlement programs. What would our government do if […]
There is a very attractive new option for employer sponsored retirement plans that will become available next year. The DB(k) will provide businesses with 500 or fewer employees an opportunity to provide a strong retirement plan for their employees with a lot less paperwork, hassles and cost than a traditional pension plan. The DB(k) is […]