Archive for October 2013

Are you Financially Literate?

A recent article from  MarketWatch titled, “Americans Need A Simpler Retirement System” discusses two studies that Richard Thaler (a pioneer in behavioral economics) reported on, regarding financial literacy. One of the studies demonstrated the extent of the problem and the other documenting the lack of success to date of educational efforts to improve financial literacy. …

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Stock Prices and your Retirement

Just last week, Wells Fargo announced better than expected earnings and record numbers.  Surprisingly, their stock price went down.  Just like a few years ago we saw a similar situation with Exxon Mobil when they announced that they earned more money in a single quarter than any company had in history.  And their stock prices…

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Which is the Next Pension Plan that will Fail?

With financial collapse of Detroit, it naturally makes sense to wonder how safe pensions are from a City or a State.  MarketWatch recently reported on the condition of pension plans throughout the U.S. “The gap between the promises states have made for public employees’ retirement benefits and the money they have set aside is now…

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