Category: Retirement Planning

College Degrees: You Read it Here First (Again)

The Wall Street Journal recently reported on the diminishing value of the bachelor’s degree compared to a two-year degree at a community college.  With the billions of dollars of federal money poured into college aid and the predicted shortages of workers in jobs that require technical training, it is no wonder that more people are [...]

The United States of Cyprus: Will American Retirement Accounts be Raided?

As I skimmed through a copy of the president’s 2014 budget, which by the way, is chock full of fluffy spending at the expense of the taxpayer, I caught site of an interesting proposal regarding retirement accounts.   Let me back up a bit and rephrase myself — I caught sight of a “hair-brained scheme” that [...]

Improved Accuracy Rates On VA Disability Claims? Or Not?

A few posts back I may have referred to Department of Veterans Affairs (VA) senior officials as “lumbering simpletons,” and for that I must apologize, because they have managed something truly spectacular.  Here are the accuracy averages for veteran disability claim approval rates in 2012, just to give you a picture of how well things [...]

Wealth Inequality Revisited…Yet Again

A lie gets halfway around the world before the truth has a chance to get its pants on. Winston Churchill It seems that there is a video about wealth inequality that is going “viral.”  This compelling video paints a bleak picture of the haves versus the have-nots (courtesy of very left-leaning websites such as Mother [...]

Nervously Holding Bonds

The stock market is getting a bad reputation these days. It waxes and wanes hour by hour depending on everything from who is elected president to the future of twinkies and cupcakes. Never mind that in the grand scheme of things, individual stock returns are really based on corporate earnings, and never mind that historically [...]

Why the Punishment of Saving and Investment Hurts the Middle Class

As the end of the 2012 tax year approaches, it dawned on me that with little goodies like the home mortgage interest deduction and property tax deductions, other forms of saving and investment essentially punish the middle class. Suppose a household earning $100,000 a year purchases a home for $250,000.  For a 30-year mortgage at an [...]

More Trouble Besides the Unemployment Rate

real viagra online Another Friday, another dismal unemployment rate: 7.9 percent, which is slightly higher than last month. So while everybody is wondering how this will affect the upcoming election results, I have been looking at a couple of other indicators that may keep the unemployment rate unmoved for months to come.   Labor productivity [...]

How Are Baby Boomers Spending Their Money?

In an August blog post, I referenced a New York Times Economix blog article highlighting the falling median income among 55 to 64 year olds during the past three years.  One of my blog readers asked me about consumer spending for this age group.  Has it fallen along with income? Alas, my new NCPA study [...]

Unemployment Shrinks, and Again, So Does Labor Force Participation

How lucky for the president that his convention speech was followed by this morning’s slightly smaller unemployment rate and a more significant reduction in the U-6 rate (8.1 percent and 14.7 percent in August, compared to 8.2 percent and 15 percent buy cialis online uk in July). For more analysis on the accuracy of unemployment [...]

A Word About Price Gouging

Every time a hurricane or other national disaster rears its ugly head, there are always a slew of news headlines about price gouging. According to Wikipedia, price gouging is “a situation in which a seller prices goods or commodities much higher than is considered reasonable or fair.”  Thirty eight states have price gouging laws that [...]