A few weeks ago, I reviewed preliminary reports on first-quarter growth in the U.S. economy. The news was grim: annualized shrinkage of 0.7%. “The economy has now contracted in three separate quarters since the recession ended in mid-2009,” The Wall … Read more
My daughter Morgan likes to play Life, the classic board game that takes you from college to family to retirement with several spins of a wheel. At one point, all players must stop their colored car tokens at a fork … Read more
The Bank of Japan’s latest quantitative easing program* hasn’t been very successful (so far, anyway) in pushing consumer prices higher.
The aggressive bond-buying program, launched in April 2013, was designed to jolt Japan out of more than a decade of … Read more
Despite having been in this profession for almost 20 years, being in my 40s has given me a new perspective on the importance of estate planning as my friends and I make our way through life—marriages end, loved ones get … Read more
I grew up in a sailing family, and the first thing we were taught was that the wind was both an ally and an adversary. Like investing, having the wind at your back is both a comfortable and an expeditious … Read more
As of May 29, 2015, the annual return of Shanghai A-shares was a phenomenal 125%.¹ On the other hand, real GDP growth in China continues to march toward lower levels, with policymakers setting a 7% target for this year, after … Read more
Well, maybe not everything, but the decision of when to claim Social Security benefits will have a lasting impact on the amount you receive.
Generally speaking, you’re eligible to receive 100% of your Social Security benefit at your full retirement … Read more
Given my wife’s Irish heritage, we decided it’s high time to show our boys the beauty of Ireland, especially since the U.S. dollar has surged relative to most other currencies in the last year. Sure, the trip will take a … Read more
If it were up to me, chocolate would be considered one of the major food groups, with truffles a particularly important staple dish. Fortunately, they are also a good metaphor for explaining the tax treatment of ETFs and mutual funds. … Read more