The nonpartisan Congressional Budget Office (CBO) projects unsustainable increases in US debt held by the public over the next 25 years. Unless some action …
The federal government’s thrift savings plan, commonly called the TSP, has long served as a low cost savings method for government employees. The five base funds of the TSP offer government employees access to five major asset classes in which …
Biggest Retirement Income Gap Seen for Oldest Pre-Retirees (ThinkAdvisor)
According to a study conducted by BlackRock, the youngest pre-retirees (around age 55) have the smallest income replacement shortfall and have enough resources between Social Security and retirement savings …
Happy Independence Day!
Treasury Opens Door For New Annuity Options (Financial Planning)
The IRS and Treasury Department have finalized rules governing longevity annuities. These types of annuities only begin paying out once a retiree reaches age 80 or …
Market Structure Nightmare Comes True in Barclays Dark Pools Action (Bloomberg)
In recent months the New York Attorney General’s office has made a pledge to target unfair market practices that are allegedly conducted by high frequency trading firms. …
Fed Chairman Janet Yellen To Market: Don’t Be So Sure of Yourself (WSJ)
Uncertainty was the word of the day for this past Wednesday’s press conference. Yellen makes no guarantees about the future of interest rates and says …
We’ve had an interesting week in the financial world as well as some rocky markets. Here are some of the highlights from this week:
Elon Musk Just Opened Tesla’s Patents To His Biggest Rivals (Businessweek)
Tesla Motors and …
If you need to be brought up to speed on what the debt ceiling is, CNN Money has a quick slideshow to explain. It’s a little biased, using words like “unrealistic”, but the basics are the same. (CNN Money…
According to a Bloomberg poll, 61% of Americans believe that it is right to require spending cuts when raising the debt limit. (Chart is featured at the top of the post.)(Bloomberg)
The SEC continues to consider its options …
According to a recent Pew Research survey, 69% of Americans believe the government’s post-recession policies have benefited large banks and financial institutions the most. “Roughly seven-in-ten say government policies have done little or nothing to help the poor (72%), the …