Steering people into inferior investments due to preconceived prejudices isn’t a relic from the bad old days. Long Island’s housing market is infected with this disease. Newsday recently published a 3-year investigation documenting patterns of widespread discrimination. Long Island Divided, uncovered a widespread separate and unequal treatment of minority potential homebuyers. Testers were sent out…
I Don’t Like Mondays…..When Is My Retirement?
Holiday shopping may seem like a huge priority at the moment. Is it more important than saving and planning for retirement? Start your decision process by reading this week’s terrific retirement links. Bull markets can last pretty long. A Wealth Of Common Sense Why are more people dying before they get a chance to retire?…
Reflections on Pearl Harbor Day
This post was originally published 3 years ago There were no “safe zones” in Pearl Harbor on December 7, 1941. In the age of “micro-aggressions” and “everybody’s special snowflake gets a trophy”, the events that happened on that fateful day stand out in sharp contrast our current diet of “fake news,” reality-show dominated media….
Tapas, Crepes, Puppies, and Tuition
Does a four-year college degree need to cost a quarter of a million dollars? Don’t be indoctrinated into believing the slick marketing. Schools are masters at selling the college experience. “Would you like to live in a castle? Done.” Our 16-year-old twin sons are beginning this journey. We don’t like what we see. Observing some…
Intoxicated By Financial Intoxicants
Our world is full of distractions. We do our best to maximize their potential. Smartphones, consumerism, video games, alcohol, social media, gambling, and workaholism top the list. Overeating is our most destructive behaviour pattern. Its toxic effects are devastating. Sitting still or focusing on speaking with someone without manically playing with your smartphone are becoming…
Ring! Ring! It’s 7 A.M.! …..When Is My Retirement?
Turkey’s have a good life – until Thanksgiving arrives. Plan for the future by reading this week’s terrific retirement links. The average 401(k) contribution rate is 8.8% without an employer match. CNBC Don’t listen to these 7 Social Security myths. MarketWatch What can Millenials expect from retirement? Money The end of the year is a…
Don’t Open The Door For Financial Strangers
Invading someone’s personal space is a bad idea. It’s even worse when selling financial products are involved. Christine Benz wrote a disturbing story about her sister and a door to door financial salesperson. Christine’s sister, who suffers from an intellectual disability, almost became a victim to a financial predator. Door to door financial salespeople are…
Ring! Ring! It’s 7 A.M.! ………. When Is My Retirement?
Instead of stuffing your face on Thanksgiving, try filling your retirement plan with heaping portions of tax-deferred dollars. Don’t end up like the Turkey on your plate. Start by reading this week’s terrific links. Many public pension plans are a disaster. The Economist Older workers often try to hide their age. The Wall Street Journal…
Hidden Investment Costs Are The Most Expensive
Nothing in life is free. The last place to locate this fairy tale is in an insurance company. Recently, we called a large insurer about the surrender fees in a Science teacher’s 403(b) variable annuity. Besides the usual Ground Hog’s day responses, we received this beauty. Dina inquired about the overall costs of this godforsaken…
The College Board Is Playing Mind Games With Our Children
Parent’s will do just about anything for their children. Their biggest fear – their kids dropping out of the middle/upper class. The College Board is well aware of this. They exploit their biggest worry to the fullest. Don’t buy what the Board’s selling. The Board is selling test-takers names and personal information to universities. The…
The Retirement Pyramid
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