Monthly Archives: May 2009

The IRA: A Case Study in Present-Event Bias and Government Response

As a way to encourage individuals to save for retirement, the Employee Retirement Income Security Act (ERISA) of 1974 established the first Individual Retirement Accounts (IRAs), which eventually gave birth to other tax-favored retirement plans such as 403(b)s, 401(k)s, SEPs … Continue reading

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The Million-Dollar Matrix

LISTEN: Audio mp3 (16:19 min) “Unfortunately, no one can be told what the Matrix is. You have to see it for yourself.” – Morpheus, from The Matrix In some circles, a million dollars is chump change; it takes only minutes … Continue reading

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Buy-and-Hold Strategy: Hanging on or gone for good?

LISTEN: mp3 audio (9:07 min) Buy-and-hold: an accumulation strategy based on the belief that even though there will be intermittent periods of volatility and decline, profitable rates of return will be realized by those who keep their money invested in … Continue reading

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The IRA: A Case Study in Present-Event Bias and Government Response

As a way to encourage individuals to save for retirement, the Employee Retirement Income Security Act (ERISA) of 1974 established the first Individual Retirement Accounts (IRAs), which eventually gave birth to other tax-favored retirement plans such as 403(b)s, 401(k)s, SEPs … Continue reading

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The "Sage of Omaha" is Optimistic

LISTEN: mp3 audio (2:09 min) Some quotes from noted investor Warren Buffett, from his Chairman’s Comments section of the Berkshire-Hathaway 2008 annual report, published February 2009… “Amid this bad news, however, never forget that our country has faced far worse … Continue reading

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Disability Income Insurance

Non-Cancelable, Guaranteed Renewable: Special language that protects the insurance that protects your income LISTEN: Audio mp3 (22:42 min) Disability income insurance policies can vary greatly as to contract language. Unlike life insurance in which death is easy to define, disability … Continue reading

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