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Hardly a “lost decade”

We recently heard from a person who has some complaints about the last decade’s performance of his 401(k). He said he’d been putting money in since the beginning of 2000, regularly, and after all this time, the portfolio in his 401(k) is worth a little bit less than the sum of all the money he’d Read more

November 4, 2011
Cash back for your credit card use

I’ve written before about the benefits of cash-back cards over most of the other sorts of credit cards rewards (here ) and little has changed regarding them since that note was written over two years ago. Cash is still king – you can spend it anywhere, there are no blackout dates, and it doesn’t expire. Read more

November 1, 2011
Rick Ferri says “Mutual Fund investors should Occupy Boston”

http://www.rickferri.com/blog/investments/fund-investors-should-lead-%e2%80%9coccupy-boston%e2%80%9d/ Following all the Occupy This and That out there (WallSt, mainly, but there are satellite protests), Rick makes some great points. They’re the same ones he makes on a regular basis, but it’s still nice to see them tied down so cleanly. Summary – the mutual fund industry has been raking in huge amounts Read more

October 10, 2011
2011-2012 California College Costs estimates

I recently got some mail from the California 529 plan, called Scholarshare. At the moment, California’s Scholarshare 529 is managed by Fidelity, but that’s about to change, and this may be worth investigating for those who are already in it – if you like Fidelity and Fidelity’s investment options and expenses (and the integration with Read more

October 5, 2011
Study: 401(k) participants who had “help” outperformed others

http://www.startribune.com/business/130561873.html?page=all&prepage=1&c=y#continue 401(k) Study: Workers who sought help improved annual performance by an average of 3 percent DES MOINES, Iowa – Sometimes it pays to get help. A new study of 401(k) accounts provides further evidence that workers who get help pocket higher returns than those handling their own investment choices. The study by human resources Read more

September 28, 2011
John Steele Gordon: A Short History of the Income Tax (WSJ op-ed piece)

http://online.wsj.com/article/SB10001424052970204422404576594471646927038.html A Short History of the Income Tax One original sin was the separation of the corporate and personal tax, giving lawyers, accountants and the wealthy a chance to game the system. […] The other pernicious consequence of the separate corporate and personal income taxes has been a field day for demagogues and the misguided Read more

September 28, 2011