29 Aug 2014

The False Premise of Retirement Planning

The financial media is replete with articles about why more Americans are failing to accumulate enough wealth for retirement.  There are many seemingly viable answers, but the problem is that they all come from the monolithic perspective of the financial services industry: investment firms, banks, financial planners, investment counselors and

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02 Jul 2014

Millenials Want Social Security Benefits to Remain At Current Levels, Pew Research Finds

While Social Security has become a political football in Washington, Americans still regard it as the corner stone of their retirement and are very concerned about it future financial health. A Pew Research Center for the People & the Press report, the Millenials in Adulthood report, found just 14 percent

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11 Jun 2014

Examining Marco Rubio’s Social Security Reform Proposal

Sen. Marco Rubio, the Florida Republican in the 2016 presidential run, made headlines this spring by proposing a five-point, Social Security-focused reform plan. The last time Congress made changes to Social Security was 30 years ago, so Rubio’s plan helped to fuel an emotional and complex national debate, although nothing he

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02 Jun 2014

Capital, Austerity, Alienation and Pensions

“To put it badly, there are two ways to become wealthy: to create wealth or to take it away from others. The former adds to society.  The latter typically subtracts from it, for in the process of taking it away, wealth gets destroyed.”  –Joseph Stiglitz, Nobel Prize Winner in Economics,

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23 May 2014

Barclays Finally Cited for Being Rogue

Today marked a black day for Barclays Plc. as it was cited twice by British financial regulators for manipulating the price of gold on June 28, 2012 and a day after the bank was fined a record £290 million for manipulating the London inter-bank offered rate (LIBOR). Barclays, which dates back to

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06 May 2014

Should You Pay for Fund Underperformance?

 “While 85% of the equity managers studied underperformed the market in nearly all relevant time periods, the amount of fees extracted globally for this and other financial-intermediation services is in the range of $1.5 trillion annually.” –Suzanne Duncan, global head of research for State Street’s Center for Applied Research

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03 Apr 2014

Lewis Argument is Half Right: Financial Markets Are Rigged, But More From the Top-Down Than the Bottom-Up

The recent heated discussion about whether the equity markets are rigged should be a major concern to all investors, especially those in retirement, since it fundamentally affects their quality of life and collective financial futures. Any society which has its fundamental retirement system under constant attack by conservatives concerned about

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26 Sep 2013

Free Market Zealots vs. Reality

In their focused efforts to revoke regulations, conservative zealots in the media and Congress have expanded their argument to elevate free markets into near-divine status. But in the process, free market proponents have consistently avoided any discussions about how government intervention and its largesse provide essential funding and profits to

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27 Aug 2013

Did the Fed Use the Wrong Tools to Resurrect the Economy?

Quantitative easing has been the Fed’s major policy to resurrect the economy since late-2008, but after spending hundreds of billions in the process, it is now fair to ask if better tools were available to resurrect the economy faster than massive bond purchases. It’s a legitimate question, especially considering the

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14 Jun 2013

News About 401(k) Fee Decreases Benefit All Investors, But More Is Needed, Author Chuck Epstein Asserts

Recent declines in 401(k) fees in both small and large plans benefits all 401(k) investors, but more investors must become more involved in managing their fund expenses if they want to save thousands of dollars more over their investing lifetimes and secure a more financially retirement. That is the advice

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