Should We Worry About Government Deficit?

If our elected leaders are not concerned about the government deficit, should the citizens be worried? Governments worldwide spend more than their total revenue and borrow to make up the difference. The U.S. Debt Clock shows the US federal debt to be $21.6 trillion, averaging $177,283 per taxpayer. The government now pays interest on $21.6 trillion. Below is a graph […]

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Rolled Your 401k Into A Self-Directed IRA? What Comes Next?

Today I can fess up to a secret… Lou Betancourt, founder and president of Street Authority contacted me. I was flattered when someone as highly respected as Lou asked for permission to publish some of our articles. Street Authority has several subscription investment publications and a mailing list 100+ times bigger than our little publication. I’d love to have them […]

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Failing To Check A Simple Box Can Destroy Your Retirement Dreams

October 2008 Bob and Ray were close friends; both retired and lived across the street from one another. One fateful morning, each took their coffee into the den, flipped on the computer and checked their brokerage account. As the data popped up, they both did a double take…. “What the heck is going on?” Overnight their lives changed dramatically! Like […]

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Investors Beware Of Central Bank Deception!

Chuck Butler’s recent Dow Theory Letter article (behind paywall), “Central Bank Frustrations” was an eye-opener. Chuck removes any illusions about “trusting” central bankers. He quotes former Fed Chairman Ben Bernanke: “Given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will […]

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Wall Street Ignores Corporate Earnings Deception – Don’t Get Burned!

Diogenes would have a tough time finding an honest man announcing corporate earnings. In my article, Pepsi-Cola Hits The Spot?, I outlined how Pepsi trumpeted sales and profit increases, yet both actually declined. Investors have a difficult challenge managing their life savings dealing with phony, deceptive data. Corporate America blares misleading headline numbers hoping to drive up their stock prices […]

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Is Filing For Bankruptcy Right For You?

A New York Times (NYT) headline blared, “Too Little Too Late’: Bankruptcy Booms Among Older Americans”. They reference a Consumer Bankruptcy Project (CBP) study, “Graying of U.S. Bankruptcy: Fallout from Life in a Risk Society”: “For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy. …. Driving the […]

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What Happens When You Discover A Flaw in Your Retirement Plan After You Retire?

Millions of baby boomers and seniors are now discovering their retirement nest egg is not delivering like they anticipated. Unless you have a well-funded pension, your income projections are not being met. Why? Was there a mistake in the plan? What can be done once they have left the workforce? We hear a lot of political talk about “The rich […]

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