The New York Times recently reported that the American middle class, long the most affluent in the world, has experienced much lower income growth over the last 30 years as compared to citizens of other advanced countries, and has now given up much of its lead. The wealthiest Americans, on the other hand, have been…
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It’s pretty common among married couples for one spouse to take the lead as the family money manager. It’s usually the one with the most interest and/or time to spend dealing with taxes, investments, and household budgeting. Over the last several years I’ve been encountering more and more families where each spouse manages his and…
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The IRS wants to make it easy for you to set up and maintain IRA accounts. Part of that strategy involves keeping your IRA accounts at whichever qualified custodian you prefer. Should you become unhappy with the costs or services provided by one custodian, the IRS allows you to move some or all of the…
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There’s been quite a buzz in the media and in Washington since Michael Lewis appeared on “60 Minutes” a number of weeks ago asserting that the stock market is rigged. The topic was high frequency trading (HFT), and for those that missed the broadcast (or the subsequent media frenzy), it’s a combination of high speed…
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