Months ago I proposed one or more not-for-profit investment banks to meet the financing needs of municipalities and other governmental entities. The context of that post was removing the profit motive from the process of selling municipal debt. I called for a … [Read more...]

Everyone knows that nothing is free and folks need to earn their living. Nevertheless, there is some point at which a line is crossed and we move from “I deserve to be paid” into gouging. Our society needs some serious exploration as to But where exactly does that line lie. My … [Read more...]

What are you really looking for in an adviser?  Getting past the marketing campaigns, industry puffery, and silly nonsense; what are you truly seeking?  What sort of guidance would lead to better outcomes and a better life for you? There has been a huge dustup in Washington … [Read more...]

What is a “callable bond” and why would anyone choose to invest in one? The concept is pretty straightforward.  While a tradition bond, such as most US Treasury Bonds, promises to pay you the stated interest rate until the maturity date, one that is “callable” is a bit more … [Read more...]

For more than a generation, American society has been moving from a system of defined benefit pensions to one primarily reliant on defined contribution plans. In other words, we are shifting from the old arrangement where retired workers received a pension check every month to a … [Read more...]