Soc. Security Statements Are Back – Sort Of

They’re baaaack.   Those paper Social Security statements, which we used to get every year, but which have been on AWOL since 2011, may now coming to a mailbox near you.   The operative word here is “may.”   You will get a paper statement this year only if you are age 25, 30, 35, […]

Are Comfortable Retirements Becoming Extinct?

Twenty years ago, a financial advisor named William Bengen identified a disturbing trend. Retirees, who used to be able to count on Social Security and pensions, were starting to depend upon their own savings to manage retirement.   This problem is even more acute today, as companies have largely abandoned pensions in favor of 401(k) […]

Where Fantasy Football Meets Retirement Planning

From what I can find on the Internet, it’s estimated that 40 million people will play fantasy football this year. In contrast, 50 million Americans have 401(k) accounts. The numbers aren’t too far off.   I admit, I’m one of the fantasy folks. The other day, while tinkering with my lineup, the thought hit me […]

Don’t let these investment “myths” sink your retirement plan

I can’t verify it, but supposedly this is a true story of a radio exchange that took place off the coast of Newfoundland between the American aircraft carrier Abraham Lincoln and Canadian authorities:   Americans: Please divert your course 15 degrees to the north to avoid a collision.   Canadians: Recommend you divert YOUR course […]

60 Minutes Expose: U.S. stock market rigged?

Did you happen to catch 60 Minutes on CBS on Sunday? Their lead segment was entitled, “Is the U.S. stock market rigged?” and featured Michael Lewis’s new book about high frequency trading.   Very interesting.   If you’re an investor, you need to check it out. Or read Lewis’s book called Flash Boys. Or both.   Here’s an excerpt […]