Earlier this week, Fed chairman Jerome Powell appeared before Congress and spoke in serious terms about the country's debt situation. It is worth understanding what Powell said—and how that might impact your investments. Powell's message: “The U.S. federal government is on an unsustainable fiscal [...]
Priceless
Suppose you walked into a restaurant, and they handed you a menu without prices. Would you conclude that: (1) Everything is free (2) Something funny is going on I doubt anyone would choose option 1; it defies logic. Yet, this is how the 401(k) industry routinely operates, and large numbers [...]
Breaking free from the quicksand
A little while back, a friend — let’s call him Paul — recommended a book with an unusual title: How Not to Die. As you might guess, it’s about health, nutrition and longevity. Since Paul is a cardiologist, and knows a thing or two about what can land people in the hospital, I took his recommendation [...]
Super-funding your Roth IRA
I have a question for you: What is your favorite tax rate? This is not intended as a trick question. If you're like most people, your favorite tax rate is probably zero. While a 0% rate is great, however, it's not easy to achieve. There is really just a handful of ways to create tax-free income. If [...]
The Lopez twins and your retirement
If you're a basketball fan, you may be familiar with the Lopez twins—Brook and Robin. On the surface, they are identical in every way. Both stand seven feet tall. Both went to Stanford University. Both entered the NBA draft in 2008, and both were picked in the first round. Since then, both have [...]
