Category Archives: Personal Finance

New Yorkers Love Cheap Smokes: Smuggling butts into New York by the carload

What happens when one state’s taxes are much higher than another? Economic activity moves to the low tax state or, in some cases, the high tax state becomes a smuggler’s paradise. New York City and State now have a dubious distinction: They are the cigarette smuggling capitol of the United States. Indeed, if you’re lighting…

Continue Reading →

Millions of Elderly Get Ripped Off: Billions of dollars stolen each year

The elderly tend to have most financial assets in the United States and in many other Western nations. So it should come as no surprise that the scammers often have them in their crosshairs. And this means that, whether you have a house or are moving or just have some financial assets, some sleazy people…

Continue Reading →

Many Elderly Aren’t in a Rocking Chair: They won’t retire. And, as the birth rates slow down and fewer workers enter Western work forces, that can be a very good thing.

Many older American workers, with considerable skills and understanding of how to get things done, aren’t hitting the golf links, going to retirement parties or playing shuffleboard in retirement communities. They’re too busy working. Indeed, in the United States, the elderly labor participation rate is setting records, according to recent research. “More older Americans—-those 65…

Continue Reading →

People Should Be Allowed and Encouraged To Save More: New book explains why saving more is critical for you and your country. A Brooklyn bus driver discouraged in efforts to improve life for his family. The anti-saving mentality goes on and on thanks to a long-gone economist

Ralph Kramden, the bus driver in the never-ending television series “The Honeymooners,” was a working-class guy with a low income living in a Brooklyn apartment house in the mid 1950s. And although he made a small salary, about $3,500 a year, he still managed to save about $75 in a bank account. In an episode…

Continue Reading →

Simple, Low Cost, Investing Is Best for Most People: Don’t overthink your long-term investment strategy. Instead, be patient and be frugal

Stop looking for pricey investments and stick to the long-term plain vanilla investment. Once again, we have proof that Wall Street’s high price offerings usually don’t work for the average investor and that simple index investing works best for most people over the long term. The latest example comes from one of the greatest value…

Continue Reading →

Should You Put Money Into Alternative Investments?: A Trendy Investment Pick So Far Disappoints Some Investors

What is alternative investing and should you consider using alternative funds or strategies in your portfolio? That is the issue that some are debating as the recent bull market continued. Investors enjoying recent fat stock returns and using conventional diversification strategies, those ignoring alternative investments, could be sorry in the next crash. That is the…

Continue Reading →

Page 1 of 18