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401(k)… IRA… You’re Screwed!

401(k)… IRA… You’re Screwed!

Ever Timed the Market Wrong? How About Your Taxes? Dear Reader, I’m no fan of the 401(k) or IRA. I’ve made that clear since starting this letter, as I hate the idea of current retirement planning.***1. It takes perfectly good money and puts it into Wall Street (a...
Unfriending Retirement

Unfriending Retirement

Get Good Grades… Go to Work… Vacation for 10 Days a Year… Raise a Family… Retire… and Then Die! Dear Reader, Well, what if it doesn’t work out… Today, the idea of retirement in terms of the model used and expected return from the planning of this once-in-a-lifetime...
Fugazi: The 4% Rule is Total Garbage

Fugazi: The 4% Rule is Total Garbage

It’s All Fugazi Dear Reader, The current model for retirement and personal finance is such trash. I can barely take another advertisement with some happy 60-year-old on his Harley Davidson or the white-haired couple walking on the beach holding hands. 93% Of Investors...
Wall Street’s Scams

Wall Street’s Scams

Dear Reader, Stop focusing on asset accumulation. Instead, we need to center our focus on income accumulation. The retirement cartel, which is basically Wall Street and all its talking heads, has conditioned the public into focusing on asset accumulation. Just keep...
This Causes Me Great Pain

This Causes Me Great Pain

Colleges Continue to Scam Parents and Students Dear Reader, As I sat down to enjoy some smoked salmon at a recent BBQ I attended, I ended up at a table with two recent high school graduates.  To my disappointment, when I asked them what their plans were for the summer...
The 401k Scam

The 401k Scam

Dear Reader, Imagine walking into a bank today and the banker giving you $3,000 and saying that you don’t have to pay him back for 30 years. Would you gladly accept the cash and walk out? Hopefully not, because this story is missing something important…...