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...
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.
The Great Money Grab
You don’t want to partner with states. Your hard-earned money is too valuable. When states get in trouble, you—the investing class—are the ones they...
Going Broke!
If you feel like you’re spending too much don’t feel so bad. These guys take it to another level.
15 Ways Professional Athletes Go Broke
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Record-Breaking Munis
These are the kinds of records you don’t want to break. Illinois is the second state in history to be charged with securities fraud...