Insurance companies
By John Schroy, on October 25th, 2006 |

The Pension Protection Act of 2006 uses a technical trick to dissuade retirees from transferring from company pension plans to privately insured plans. When a worker is stuck with an under-funded company plan, their lump-sum payment option has been effectively reduced by Congress. Not only workers, but life insurance companies are stiffed by this provision.
US stock market
By John Schroy, on October 12th, 2006 |

A study by Daniel R. Ackerman, CPA, suggests that Baby Boomers who count on the long-term equity returns of 8% may be disappointed, either because returns are simply not justified, or because, if they are, the supply of equities from Boomers trying to exit the market during retirement will be so great as to depress stock prices.
Reliance on income-based investment, rather than capital gains, may be a more prudent strategy.
World economy
By John Schroy, on October 10th, 2006 |

Thirty years ago, about the time the world went off the gold standard, US income from abroad was more than double the amount of income that the US paid to the rest of the world.
This surplus of investment income from abroad has been gradually diminishing. This year, or the next, this foreign income surplus may disappear forever. Does this mean that the US is ‘losing its groove’?
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