It is hard to get through an hour of commercial television without seeing a celebrity promote reverse mortgages as means to a better life for seniors. Far from life enhancing, these loans destroy wealth, providing gullible victims with modest cash amounts as
This year truly was a roller-coaster – an unnerving ride that ended up almost exactly where it began. The news from Europe mattered more than news from individual companies. The European debt crisis produced a lot of volatility, particularly after July. The
The adage that there is no free lunch is quite germane in the realm of fixed income investments: the greater the return, the greater the risk. With money market accounts yielding next to nothing, 5-year treasury bonds offering about 2%, and bank
The financial reform bill now under consideration in Congress may or may not pass. But already, the folks in DC made the task of obtaining good financial help easier. Under pressure from brokers and insurers who contribute much to political campaigns, the
I ended my letter of July 2009 by outlining an “optimistic scenario” in which the S&P 500 could return to the 1200 level. Few believed it at the time. Well, we’re almost there. A lot of people still don’t believe it –
Last month I flew to Ireland to help my daughter move back from Trinity College in Dublin. Taking advantage of roads and hotels emptied by the current economic slump, we spent about two weeks exploring the cities and countryside. The scenic vistas,
Last month I flew to Ireland to help my daughter move back from Trinity College in Dublin. Taking advantage of roads and hotels emptied by the current economic slump, we spent about two weeks exploring the cities and countryside. The scenic vistas,
Despite recent strength in the stock market, last year’s crash has pushed many investors to seek returns in other sectors. The massive flight of capital to the safest of vehicles, treasury bills and money market funds, has rendered paltry rates of returns;
A few weeks ago, the article I had planned for this space did not include a question mark. President Obama was newly installed in a worldwide aura of goodwill and hope. Soon after the inauguration, most of us expected to hear speeches
A frequently aired commercial for a large insurance company presents an 800-pound gorilla, a common metaphor for a hugely important issue somehow often ignored. The gorilla in the ad is looming retirement. Annuities, championed as a source of “guaranteed income for life,”