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Posts under ‘Personal Finance’

Is Your IRA/401k About To Go To Jail?

If you’re not already aware of it, you might benefit from knowing about this conversation that has been occurring – actually, for more than a year now: 401k/IRA Screw Job Coming? Many thanks are due to Karl Denninger for keeping this important topic alive. It’s one that’s not always easy to track due to the […]

4 Deaths, 3 Estate Planning Mistakes

What would you want to leave behind for your family? If your choices were A) a contentious mess, or B) a well-coordinated estate plan, you would choose option B, right? All too many of us end up with option A. In fact, a recent national survey discovered that only 44% of Americans have a simple […]

Clickity-clickity-clickity-clickity-clickity-clickity-clickity…….SOWHOOOOOOOSH!

When I look at the graph you’re about to see, I can’t help but think back to my last roller-coaster ride. I can literally hear the “clickity-clickity” of the ratchet mechanism slapping beneath the cars, preventing us from slipping backwards as we’re propelled relentlessly forward in a steep and seemingly unstoppable ascent. I remember thinking […]

No Parachute: Real Estate Markets Still In Freefall

Many people want to believe (hope?) that we are experiencing a rebound in housing. In my opinion, this thinking is premature by at least 3 to 4 years, perhaps even a decade or more. Below is a link to a chart from the www.ritholtz.com blog (an excellent blog that should be on your financial reading […]

Surprise! Another Stealth Yet Serious 401(k) Hazard

Note to readers: Participants in 401(k) plans face numerous challenges to building a safe, dependable, fully-integrated, and efficient retirement program for themselves. The unfortunate fact is that many – if not most – plan participants use the 401(k) as their primary (or sole) vehicle for savings and investment. In my opinion, they do this at […]

Economics Professor Dr. Ravi Batra Accurately Explains The Historic “Social” Origins Leading Up To Today’s Economic Crisis

Here’s a link to an excellent interview of Dr. Ravi Batra by Matt Renner of www.truthout.org. Dr. Batra has been a keen observer of the American economic evolution during the decades that lead to our current situation. He has written a number of interesting books over the years but this interview is a terrific summary […]

The Great American Pump And Dump

Here is a useful definition straight from the Financial Industry Regulatory Authority (FINRA) web page which describes several different types of scams investors need to be wary of. This scam, the “pump and dump”, has been around forever and anyone who’s ever been involved in investing has heard about it. What people may not have […]

Comments To The Securities And Exchange Commission Re: Fixed Indexed Annuities

Over the past year (2008) the Securities and Exchange Commission (SEC) spent considerable time and public resources in an attempt to wrest regulatory authority and control of Fixed Equity Indexed Annuities (FEIA’s) away from the 50 individual state insurance commissioners. To say that this aggressive action by the SEC has caused “heated debate” would be […]

Turning Japanese?

Are we turning Japanese? I think we’re turning Japanese I think we’re turning Japanese I really think so… Could it be the Vapours? Check back in a few days for my next post. You’ll see how this relates… Please Note: This Nikkei 225 chart is sourced from www.chartsrus.com where a wealth of long-term graphical data […]

Business Law Refresher: Useful Legal Definitions Everyone Should Know

It’s time taxpayers begin thinking less in terms of excuses, justifications, rationalizations, and scapegoating for the current financial mess and more in terms of investigations, indictments, arrests, detentions, prosecutions, penalties, restitutions, “clawbacks”, and punitive-damages. Here in the U.S., RICO LAW comes quickly to mind. It’s way past the time to end the ineffectual scolding, finger-wagging, […]