This Is Not the Time to Over-Reach for Yield

Table of default rates

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

Annuities: the Perfect Investment if Your Goal Is to Die Penniless

Chart showing annuity harm

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,”

How Bad Service and Abuse of Other Peoples’ Money Deepened the Financial Crisis

Senate Bail Out

This morning as I was driving to a meeting I heard a radio talk show host lament about the general lack of service in most companies these days. More precisely, there seems to be a lack of desire to serve. The most