In the midst of rightly placed concerns over proposed new Department of Labor (DOL) fiduciary rules for brokers, the DOL has also issued a new interpretive bulletin designed to politicize investment choices. How so? As Andy Kessler writes in the Wall Street Journal, a previous 2008 Interpretive Bulletin issued by the DOL encouraged pension fund […]
Tag: "mutual funds"
If Sen. Dianne Feinstein’s (D-Ca.) assault weapons bill is not enough of a kneejerk reaction to the Newtown shooting, Chicago is playing its part in contributing to the lack of common sense measures as well — by hurting its employee pension system. The board of Chicago’s Municipal Employees’ Annuity and Benefit Fund voted to divest […]
cialis online 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 […]
win men If Dr. Phil were an economist, he might ask the question, “How are those interest rates working for ya?” It seems that low interest rates are quite the mixed bag these days. And several different takes on them just happened to appear in three news articles today. First, the good news – sort […]
buy essay papers p>I have written about this topic before…the expiration of the Bush tax cuts…but it is worth repeating. Despite Congress” apparent lack of concern over the federal budget, most households are concerned about their own budgets. Start planning now for 2013, because in 7 months, it may get worse. There are many tax […]
A recent article at the Wall Street Journal’s smartmoney.com explains why mutual funds still charge fees, despite the fact that the transaction costs for stocks, bonds and exchange-traded funds (ETFs) are getting cheaper. According to an industry spokesperson, customers are paying for a service they are not receiving from other investments, namely fund managers trying […]
Beginning in 2013, the recently passed health care reform bill will impose new Medicare taxes on unearned income for single filers with adjusted gross incomes of $200,000 a year or more and joint filers with AGIs of $250,000 a year or more. The new 3.8 percent will apply to any rent, royalties, dividends or capital […]