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Use these points to decide your 401k asset allocation and where to put your 401k money The old rule for investing and asset allocation used to be to subtract your age from 100 for the percentage of your portfolio you should keep in stocks, putting the rest in bonds. The misguided advice has caused millions […]

Less than 2% of the population already carries more than half the tax burden. History shows that it may soon get even worse for High Net Worth taxpayers. The United States has always leaned much further to progressive income taxes than collections on regressive sources like consumption or value-added taxes. This burden on higher income […]

There’s good and bad news for retirement plan contributions in 2016, learn what has changed and how to meet your goals Inflation below 2% is a good thing for the most part but it also means bad news for retirement plan contributions in 2016. You won’t be allowed to make bigger contributions to your retirement […]

From poor investment decisions to not rolling over your plans, these five 401k mistakes can crush your retirement dreams Work in financial planning and investing for as long as I have and you start seeing mistakes that are nearly universal among clients. Most of these are fairly easy to correct and don’t lead to too […]

Pension plans are about to get too expensive for Corporate America. What comes next will shock you. Corporate pension plans have been slowly bleeding out for 30 years but the new federal budget has just fired the final shot that will kill the system. New premiums make the costs of offering pension benefits to employees […]

For the first time since 1988 capital flows are leaving emerging markets instead of flowing into them. After decades of investing in emerging markets, many investors are deciding to shift their investments into more stable entities. Over the last three decades capital flew into emerging markets worldwide. As emerging economies strengthened and their GDP’s increased, […]

The Obama administration is planning to move forward with plans to issue new oil and gas drilling regulations for the Arctic Ocean despite the fact there is now no drilling in the Arctic. Royal Dutch Shell announced its decision to pull out of drilling in the area “for the foreseeable future” at the end of […]

The Federal Aviation Administration had three years to craft safety regulations that would govern the public use of drones, but could not get its act together to accomplish anything. The deadline came and went last week despite it being set by a 2012 law, attracting well-deserved criticism of the aviation watchdog on Capitol Hill. “Something is […]

State officials continue to give Kentucky citizens the runaround, failing to release the terms of a $350 million government broadband project a full ten months after it was signed. Kentucky Wired is set to cost US taxpayers $20 million, with Kentucky residents footing a further $30 million. Despite this, nobody has so far seen the […]

Houston’s pension costs are consuming most of the city’s budget. As more of the budget is allocated to cover the city’s high and rising pension costs, Houston is forced to cut back on other expenses such as road maintenance. Pension costs were a staggering $353 million this year whereas the city originally had a $59 […]