This morning during my self-required 30 minutes of reading about the financial world, I came across an interesting story. The authors of the story had an overt agenda of trying to portray the current administration’s first five years in the best possible light. Why publish such a story today? It is not being published today […]
Americans’ confidence in being able to retire comfortably is at a record low, despite official government statistics that the economy is showing signs of improvement and the stock market hitting record highs. Call it the new American nightmare: Running out of money in retirement is scaring the hell out of record numbers of older workers, […]
Continuing our journey to find the perfect investment (See questions on page 2), let’s discuss question 10 about collateral. Would the following be of interest using a savings account? Does your savings account have this feature? Let us assume that you have worked hard and accumulated $50,000. You see a special at a corner bank […]
You want control. Control of your life, your money, your thoughts, your wealth, your appetites, your desires and passions, etc. Control is the thing. It is prudent to keep the main thing the main thing. The late statesman H.I. Mencken wrote, “The urge to save humanity is almost always only a false-face for the urge […]
As an American I value what people before me have done in providing me an opportunity to pursue my life’s dreams. I am sadden however, that too many do not have the freedom to search for those dreams. Why not? Because they are in financial bondage. They spend all their time and energy making money […]
There are many aspects to what makes an ideal investment (I have listed some of them below). The five most important are discussed more in depth here. For a quick overview of what you should think about keep on reading! What Makes the Ideal Investment? RISK: Do you want risk involved in your account? Is it […]
To suggest that the 401(k) is not a good vehicle for retirement savings takes a fair amount of courage, considering the intensely fractious response such a statement garners from a lengthy list of “expert” financial advisors. Knight Kiplinger for instance, boldly proclaims “It’s time to make the 401(k) mandatory, with every employer offering a plan […]
