Meyers Wealth Management

Link: John Michaelson: The High Costs of Very Low Interest Rates – WSJ.com Article’s about 3 wks old, but worth reading and thinking about.  When rates are low as a form of stimulus, it’s worth considering who’s paying for that stimulus and what their behavior is likely to be. Read more

Link: Provisions of the Affordable Care Act, By Year – Major Provisions in Chronological Order The government’s Healthcare.gov site is very helpful.  There’s some great information and they’ve been working hard on making it easy to navigate and useful. Read more

Link: John C. Bogle: On Mutual Funds, Cheaper Is Better – WSJ.com In mutual funds – and investing – costs matter.  They matter a lot.  Bogle’s been saying so for decades.  Lots of other folks, myself included, have been saying so for many years.  Even Morningstar now says that costs are a better indicator than Read more

Link: Arnold Schwarzenegger: Public Pensions and Our Fiscal Future – WSJ.com Should be required reading.  A keyword, however, which wasn’t highlighted enough in my opinion is *unfunded*.  There’s nothing wrong with us giving generous benefits or pensions to employees — but they must be paid for at the time they are promised or earned.  This Read more

Link: Ross Devol: The Case for Economic Optimism – WSJ.com Some important observations on the state of our economy, and the cycle of recovery. I don’t necessarily agree with all his policy prescriptions, but they are all worth reading and considering. Read more

Link: WSJ – Unfunded Public Pensions – the Next Quagmire Read more