Congress is trying to pass new rules on 401(k)s. There are some good reforms in the current legislation, but one glaring red alert is the increased role of annuities planned for 401(k) accounts in the bill. Annuities can be fee-sucking, performance killing traps enriching the companies that sell them, rather than the customers who buy them. Anne Tergesen reports on some of the drawbacks of annuities: Annuities aren’t often used in 401(k) plans, in part because employers worry that if they pick an insurance company that ends up going bust, the 401(k) participants will sue the … [Read more...]
Your Retirement Life: The International Tennis Hall of Fame
There’s a couple of ways to get in to the International Tennis Hall of Fame: Dedicate your life to the sport and realize incredible success or, cross Bellevue Avenue from my office and enter the historic complex by foot. This week, as is tradition following Wimbledon, competitors are in town for the Dell Technologies Hall of Fame Open. It’s a wonderful time to be in Newport for players and fans alike as both mingle about town enjoying what Newport has to offer. If you’re a tennis fan and have questions about your investments, swing by for some coffee before heading across the street for the … [Read more...]
Trump Threatens the Cold War Bureaucracy with Irrelevance
An entire foreign policy bureaucracy has grown up around the old battle lines of the Cold War. President Trump's attempts to befriend Russia threaten the jobs and purpose of that entire bureaucracy, and they are fighting back. Linda Muller, working for Pat Buchanan at Buchanan.org, asks readers to share Pat's latest column discussing Trump's strategy. She writes in an email to subscribers: Dear Brigade, "Trump is headed for the most brutal battle of his presidency.... By cheering Brexit, dissing the EU, suggesting NATO is obsolete, departing Syria, trying to get on with Putin, Trump is … [Read more...]
Knife Attack: Your Survival Guy in Paris
Update 7/20/2018: With news out today of a terrifying knife attack on a bus in Berlin, I want readers to revisit this post I wrote on May 15, 2018 about a knife attack in Paris. “Did you hear the gun shots?” a friend asked. “No,” I said. When the knife attack occurred, we, like many other families on a Saturday night in Paris, were out to dinner. In fact, we didn’t learn about the attack until much later. In retrospect, I’m surprised no one at our restaurant told us about it or warned us. Part of me believes they knew the situation was under control and didn’t want to ruin our night or … [Read more...]
Pensions are Still Hiding from the Truth
You can never save too much of your own money. As I wrote here on January 22, 2018, the pension funds many Americans are depending on are gambling with their money. For years I've been writing about how badly pension funds have been ignoring reality when it comes to return expectation (read a sample of these posts here, here, and here). Funds have a choice to make when they set their return expectations, they can: Shoot low, and require governments or companies to put more funding aside to fund the pensions, or Shoot high and gamble on having strong enough returns to make up for … [Read more...]
High Speed Chase Ends in Shootout in Vegas
Watch the latest video at foxnews.com A heroic Las Vegas Metro Police officer chased down two dangerous suspects on July 11. The officer was shot at by the suspects, but engaged them bravely, winning the gun battle. … [Read more...]
The Problem With Mutual Funds Today
One of the problems facing long-term, patient investors using mutual funds and ETFs is that many of their fellow investors are traders. It’s why we favor individual stocks where you call the shots. Asjylyn Loder reports in The Wall Street Journal on the volatile nature of fund flows, writing: BlackRock said Monday it received $20 billion in net inflows in the second quarter. While the sum is enormous, it was down from more than $100 billion a year ago. BlackRock is the world’s largest asset manager and a bellwether of low-cost index-based investing. BlackRock isn’t alone: For the first six … [Read more...]
VIDEO: Sen. Rand Paul Slams Unhinged Former CIA Director John Brennan
Your Retirement Life: 1972 DeTomaso Pantera, A Coyote in Wolf’s Clothing
Here’s a wonderful story about my friend Marty Quadland and the rebirth of his 1972 DeTomaso Pantera: “A Coyote in Wolf’s Clothing,” featured this month in Hot Rod: Following retirement, Quadland realized a dream of his and moved west to the mountains of Wyoming. In preparation, he downsized considerably, selling his SCCA race cars, several motorcycles, and a late-model exotic, and, for the first time, he considered selling the Pantera. His son intervened, however. “I saw the look on my son’s face when I told him I might sell it,” he recalls. “He thought the Pantera would be his someday. I … [Read more...]
Tucker Carlson’s Interview with President Trump on Russia
After his historic summit with Vladimir Putin, President Donald Trump is interviewed here by Tucker Carlson. Watch the interview below and read Tucker's comments on the successful summit. Tucker begins by saying "With remarkable speed and intensity, the media, the foreign policy establishment and both political parties have come together as one to attack Donald Trump for his meeting yesterday with Russian president Vladimir Putin. Anderson Cooper, John McCain, and Mitt Romney all described the president's remarks about Russia as "disgraceful." Former CIA director John Brennan called them … [Read more...]
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