Public pensions are in trouble. The $1.9 trillion shortfall in U.S. state and local pension funds is poised to grow even more onerous. Why is there such a looming and growing problem? Here are a few reasons why: First, for decades politicians have resisted giving pay raises to public workers. Instead they were offered rich […]
This time of year there is a certain shift in the air – the smell, the feel. It means the start of football season, and the start of another school year. With the beginning of a school year comes a little more rigidity in our planning and time management. We give more consideration to what […]
Few people realize the power of time and inflation. Especially when it comes to wealth creation these powers can either be a power propelling you forward, or a force pushing you backwards. Either the ignorance of these powers or the willful procrastination of them can be fatal flaws to which many fall victim. Assuming you […]
When the 13th amendment was sold to the American public in 1912-1913 they were told it would only apply to the mega rich. That information was a little thin in details on how exactly only the mega rich would pay. Do you, dear reader, pay any income tax? (Whether that be your personal income or […]
Tax expert Curtis Dubay recently wrote at The Daily Signal that Obama is attempting to sneak a tax hike into law during his twilight days. His Treasury Department unveiled midnight regulations that essentially would increase the death tax to 30 or 40 percent. How is this possible? By tinkering with well-established “valuation discounts” that families […]
Fox News recently reported: “For the first time in Puerto Rico’s history as a U.S. territory, the island doesn’t have the ultimate control of its finances.” Yes you read that correctly, at the end of September, a seven member control board appointed by President Barack Obama and the Congress took control of Puerto Rico’s finances […]
psst? Hey I have a great investment idea for you. Come a little closer and I will tell you in hushed tones…..So, in summary this investment, by design will be worth less in the future than you pay for it today. Seriously, how much of your hard earned cash are you willing to but into […]
Recently I listened to an interview the economist, Joseph E. Meyer gave to Dave Hodges at The Common Sense Show. In that interview Mr. Meyer said a number of salient things. I could just plainly say Mr. Meyer is an expert, but instead let me help you understand that he is someone to whom we […]
You are probably not aware of it, but On October 14, 2016 new SEC rules will go into effect. Because of regulatory changes made by the Securities and Exchange Commission, money market mutual funds will be required to more accurately report prices per share of these money market funds. When these funds were introduced the […]
Not often do I just point you to something and say go watch or read. But these two do such a great job that is the case this time. The videocast is about an hour long, but well worth every minute. They are reinforcing what we have been saying for a long time. Yes, we […]
