Monthly Archives: April, 2013
Higher Medical Bills Hidden by Low Inflation
You can’t buy a break. Workers are making less. Retirees on a fixed income are getting squat from T-bills. And the government statistics on...
VIDEO: Fed’s Lacker Would End QE Now
CNBC: Richmond Fed President Jeffrey Lacker told CNBC Thursday that "if you made me dictator" the Federal Reserve would stop its massive bond-buying program.
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Economic Battle: Dr. Copper vs. Dr. Bernanke
With the stock market just now correcting off all-time highs, a casual market observer may think that times are quite good. Prices are going...
401(k): 411 or 911?
There’s talk about capping 401(k) savings at $3 million. What’s disturbing is the assumption behind this proposal: that it takes $3 million in savings to generate an annual income of $205,000. That’s a pipe dream.
I’m sorry, but to get $205,000 per year, you’re going to need much more money than $3 million. At a 4% draw, $3 million would kick off $120,000 per year. For my money, I wouldn’t recommend socking away a penny under $5,125,000 to guarantee $205,000 a year. But this gives you an inside look at how little attention is paid to prudent money management. It’s called kicking the can down the road.
Homebuilder Confidence Sagging
For the third month in a row homebuilders indicated to the NAHB/Well Fargo Housing Market Index survey that they were losing confidence in the...