30 Jun 2015

How Neo-Conservatism Affects Investors and the Financial Services Industry

Very few industries are as blatantly anti-customer as the financial services industry. And for good reason. Basically, the financial service industry is bi-furcated into two very separate operations that, when they work together, are anti-consumer, while simultaneously being pro-banking and pro-corporate. In everyday life, too many individual investors are routinely

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26 Jun 2015

The GOP’s War Against Retirees

As millions of Americans remain concerned about whether they will have enough money to fund their retirement, they can remain assured that the GOP is intent on making these post-working twilight years as difficult as possible. While retirement once had an appealing ring to it over 50 years ago, that

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09 Jun 2015

Fool’s Mate for Individual Investors

Fool’s mate happens in chess when a player, often a novice, is boxed into a position where any action leads to defeat. That’s the case for individual investors today as evidenced by news stories involving two of the nation’s largest financial institutions. Taken together, these events involving JP Morgan, with

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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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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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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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18 Jul 2013

Major Disconnect in Survey on Impact of Fund Fees on 401(k) Participants

Something does not add up in a recent survey on the impact of the DOL mutual fund fee disclosure regulations on 401(k) plan participants. According to a survey of 416 plan sponsors conducted by BMO Retirement Services, 80% of employers reported that the new DOL rules mandating full disclosure of

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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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