05 Nov 2019

Carried Interest Helps Explain Jones’ Buttigieg Endorsement

  Nothing smacks of self-interest better than a rich person trying to defend their wealth. Self-interest is as old as human and animal DNA, so it is no surprise that it’s still a paramount concern today. It also is no surprise that self-interest among the very rich plays a role

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17 Sep 2019

Time To Bring Political Literacy Into the Workplace

    As they have for decades, Americans are having an increasingly difficult time preparing for retirement. As numerous studies have shown, the American workforce, now neatly divided into Gen Xers, Millennials and Baby Boomers, all say they cannot save enough for retirement. Workers are burdened with student debt, home

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16 Aug 2019

When a Huge Firm Admits It Has No Solution for the Retirement Crisis

      In a short, but illustrative “thought leadership” report from Prudential, the $1.4 trillion in asset insurance and retirement planning firm, three major sources of financial stress were identified as affecting the future financial security of millions of retirees. The report, Preparing for Longevity: Overcoming Financial Wellness Challenges,

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24 May 2019

Why Retirees Should Be the Best Whistleblowers

      What happens when you are retired and bored with playing cards or golf, and going for coffee, but you have an active mind.  Then, you remember that in your previous professional life, you saw business behavior that was illegal. Maybe you saw suspect transactions or met clients

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22 May 2019

Americans Want Justice, But Can the Dems Deliver?

      “Justice delayed is justice denied.” –William Gladstone (1809-1898)   American voters have short memories, but most remember that executives who headed the nation’s major financial and mortgage firms that led to the 2008 real estate crash the subsequent eight-year-long recession were never prosecuted for their criminal derelictions

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10 May 2019

Progressive’s Push on Credit Cards Is Major Wedge Issue With Biden

      The recent news that Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez will introduce legislation to cap credit card interest rates at 15%, should be a major wedge issue between the progressives (including Sen. Elizabeth Warren) and Joe Biden. This is a stark difference in their views about

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09 Apr 2019

When Financial Advisors Lack Political Sense, Fire Them

        A new survey from the Insured Retirement Institute (IRI) found that 55% of Baby Boomers had retirement savings today. In 2011, the study found that 75% of Boomers had retirement savings. Worse, among this current group, 50% have less than $250,000 in retirement accounts. Depressing surveys

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14 Mar 2019

Trump’s Capitalism Goes on Trial—Part 2

  In a single week in March 2019, Americans were treated to an unprecedented college admission bribery scandal, the lenient sentencing of Trump’s campaign manager on tax evasion, and Republican plans to cut the pensions of thousands of federal employees, accompanied by proposed decreases in Medicare and Medicaid budgets. These

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19 Feb 2019

Bad News: Some Advisors Only Want You If You Have a $100,000 Portfolio

        Saving for retirement is hard enough, but now the big guys in the financial services industry continue to add more barriers to make it harder for average Americans to implement a successful retirement strategy. The latest examples come in the form of more lawsuits, regulatory challenges

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07 Feb 2019

Meet America’s Biggest Socialist Corporations

    In his State of the Union speech, Donald Trump predictably made a number of controversial, inaccurate statements. However, one which caught many people off-guard was his comment that America would never be a socialist nation. In his speech, Trump said: “America was founded on liberty and independence and

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