Is The Stock Market Really Rigged?
A few weeks ago on 60 minutes Steve Kroft interviewed Michael Lewis the author of the new book “Flash Boys” which explains how rapid trades happening in a fraction of a second are responsible for stripping billions of dollars out of the US stock market. These trades...
CalPERS’ shift will cost cities dearly
For more than a decade, the California Public Employees’ Retirement System has behaved in extraordinarily irresponsible fashion, and now the damage it has done is coming into full focus. In 1999, CalPERS persuaded the Legislature that a 50 percent retroactive pension...
Teacher pensions are squeezing school funding across the United States, study says
A handful of states and localities, with Utah at the forefront, moved pre-emptively to eliminate public “defined benefit” pensions and replaced them with “defined contribution” systems, with the risks shifted to the individual worker. Read the full article on...
What is the MyRA retirement savings plan? – State of the Union
In last nights State of The Union address, President Obama unveiled a new type of savings plan call a “MyRA” that will allow Americans to buy savings bonds in a starter retirement account that “guarantees a decent return with no risk of losing what you put in,” said...
How the Government Is Coming After Your IRA and 401(k) Plan…
From our friends at the Economic Policy Journal we invite you to read their take on what the government views as ‘easy pickens’ when it comes to finding ways to grab some of its ‘fair share’ of your hard earned dollars! It isn’t enough to just tax $18.5 trillion...