You’re Coming Up on the Magic 59—- Don’t Botch It

You can give yourself a better chance of increasing your retirement savings even though you may think it’s time to stop saving and start spending. Let’s say you’re coming up on the magic age of 59.5. Why is this a magic age? It is an age, under most qualified retirement plans in the United States,…

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Grand Delusions (Part II)

Some investors take a provincial view and it could cost them, a former Schwab official warns. You buy domestic stocks and bonds on a regular basis for your qualified retirement account at work and your IRA. Maybe you add a few Japanese equities and some European stocks in the interests of diversification. All you have…

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The Grand Delusion of Democracy: How governments pretend to pay their bills

Over the past 80 years or so governments have been expected to provide more and more social services. That means bigger and bigger bills for the taxpayers of this generation and generations unborn. Since governments almost constantly run in the red, they often resemble cocaine addicts desperately looking for the next fix. The fix, in…

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You’re Young, You Don’t Make a Lot, but Your Dream Is to Own a Home or Apartment. How? One couple’s experience

Twenty six years ago my new wife, the ever comely Suzanne Hall, and I were middle-aged, had low incomes, had no almost no assets and yet we both dreamed of owning our residence. All our lives—-I was in my late 30s—-we had lived in rented apartments, but we wanted control of our lives. We wanted…

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A Well Earned Tribute to a Mutual Fund Pioneer

He changed the mutual fund industry for the better with a simple idea. This idea improved the fortunes of millions of individual investors, including this writer. John Bogle is the inventor of the low-cost index fund that is one of the most popular products in the fund industry. Recently, the octogenarian founder of the Vanguard…

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The Zero Interest Option Could Wreck Our Economy

Still another government price control that is already ruining lives. “Central bankers are actually central planners,” – William A. Fleckenstein, “Greenspan’s Bubbles,” “The Federal Reserve is responsible for the boom-bust cycles.” – Ron Paul, “End the Fed” Economic history is primed to repeat in the nastiest of ways unless the government stops distorting the price…

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