Our Retirement System is Broken
About 30 years ago we underwent a huge change to our retirement system in this country, shifting from pension plans to individual retirement accounts such as 401Ks and IRAs. It is a change that has led to the development of a system that is stacked against the typical investor. In fact, it’s become nothing less than a rip-off, deeply damaging or destroying the financial futures of most of the 100 million Americans who participate.
Is Now the Time to Invest in the Stock Market?
The other day I received the following question that I know is on the minds of many people right now:
Are you still advising about getting in the equities market after the great bull run of 2013?
Who Should Do Your Taxes?
It’s tax time again, and again, you need to decide who will prepare your taxes. This isn’t a decision to take lightly as the wrong choice can easily cost you thousands of dollars.
Will you pay too much for your next car?
Although cars are both necessities and often a pleasure to have, they consume a pretty amazing percent of our hard-earned money every year. The truth is that your approach to cars alone can truly alter your finances. So how do you win when it comes to car buying? Here are some steps to take that can make a huge difference:
Investment Holding Pattern
With the stock markets moving up I felt it would be a good idea to restate my position that stocks continue to pose too great a risk to be a smart investment. I still advise that people stay out of stocks and any funds containing them. The same goes for mid- and long-term bonds and funds relying on them.
No Such Thing as a Free Lunch?
As you may know, one of my rules for investing successfully is “If it’s too good to be true, then it’s not true.” When it comes to investing that rule always holds true. To my surprise, however, I just found a pretty amazing exception to “too good to be true” when it comes to spending […]
Successful Retirement?
If you’re one of the majority of Americans that are don’t see how to make it to, let alone through, retirement, there are a number of things you can do to change the equation. Here are 10 powerful steps to consider:
You Need to Know: The Investment Game is Changing
For decades now, the overriding message from the Financial Services Industry, from Wall Street to your friendly local financial advisor, has been that you need to “put your money in the stock market and always invest for the long run.” Well, the economic times we’re in combined with a stock market that’s gone nowhere for the past decade have forced that message to change. They have no choice. Its become apparent to the average investor that the stock market has been and still is a bad bet. As a result, the Financial Services Industry realized that if they didn’t change their sales pitch, they’d end up with less of your money in their pockets. Is the change a good thing? Does it mean they are now investing smarter and selling safer products?
How to Make Retirement Money Last
One person in two turning 65 today can’t retire. With average net worth back to what it was 30 years ago, those that are following behind them are certainly no better off. If you’re one of the majority of Americans that see no way to make it through your retirement years, what do you do?
Corruption Story of the Week
Every week there are more new money management corruption stories unfolding. Every so often I share one to remind you just how utterly corrupt and self-serving our existing system of personal money management has become. The only way to win is to know the games constantly being played against you and then manage your money yourself. It’s your money, and as I have shown you and will continue to show you, nobody can manage your money as well as you.