I know I am not what you would call an authority on golf, having played only once in my life (and wasn’t that a triumph). And I know that a lot of you get really steamed when the talk in this space strays from matters financial. But golf being as popular as it is, […]
One of the best books you can read about investing is Burton Malkiel’s A Random Walk Down Wall Street, which I have long recommended.
The random walk theory holds that the movement of individual stock prices, or the market as a whole, is largely random, because everything that can be known about which […]
Yesterday I described how it was possible you might have found yourself among the 5.9 billion people on the planet who missed Beyond Wall Street, the eight-part PBS documentary I got to host with my friend and colleague Jane Bryant Quinn.
Today, to make your pain all the more exquisite, the sadist in me […]
Paul Kroger: “What happened to the PBS series you referred to in your visit to Louise months ago?”
It wasn’t Louise, it was Irene — an oil rig off the Santa Barbara coast — and the eight-part series, Beyond Wall Street, which I co-host with Jane Bryant Quinn, has finished running in many cities.
A lot of divided opinion on last month’s “felony dumping.” I post some of that feedback here for what it says about the specific issues, but also as a reminder of how differently people can react to the same story.
Basically, two of my employees were arrested for dumping garbage we had collected from […]
From Nick: “A topic I would like to see discussed is how to apply savings and tax-deferred savings (IRA, 401(k), etc.) at the time of retirement. Assume you plan to retire at 60, expect to live to 90 and intend to leave no money to heirs. If you estimate you will require $100,000 at age […]
In 460-odd daily comments, I have yet to write one about music. Anyone who has heard me whistle will know why.
But one family of eleven I know — two parents, nine kids — told me recently how, when Saturday morning came around, Dad would put on his John Philip Sousa recordings, crank up […]
THE 35% BRACKET
From Jim Maloney: “In writing about the Roth IRA, you discuss the situation of currently being in a 35% tax bracket. You say, ‘In that case, taking the deduction now would save $700 on your taxes today (35% of the $2,000 contribution).’ I think I’m missing something. If you are currently […]
Doug Posten: “I get no tax deduction now on a regular IRA because my income exceeds the limit. If I cannot deduct the $2,000 now from my taxes, isn’t the Roth IRA better?”
The Roth IRA is great for what might be called the lower upper middle class — people who earn too […]
I told the “presumably fanciful” story of the guy who insured his rare cigars, smoked them, then tried to collect on his fire insurance. Robert Doucette was kind enough to point me to the mother of all myth-debunking sites, lest anyone think this might actually be true. I commend this site to you […]
Quote of the Day
On Hollywood Squares, gay comedy writer Bruce Vilanch was asked: You are the most popular fruit in America. What are you? His answer: Humble. (The correct answer? Banana.)~.
Request email delivery