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The Future of Education (Hint – Not Based on Brick Walls)

One of the key points of the book is that higher education must teach students how to acquire human and social capital, and the values that are essential to success in the emerging economy. The current system assumes students will acquire the necessary values by some sort of magic. This explains much of the failure …

More Reasons to Focus on Health – For Real

So many people say that health is important. And if you ask the average person about what is important in life, you’ll often get the list before you get to money – health, spiritual life, family, friends blah blah then they get to financial security. However, when you watch their actions, you often see a …

Attention Gen Y – Grandma Wants Your Pad

Is there competition between gen Y and baby boomers? Much has been written about generation Y wanting to live in the city – with important factors being a diverse variety of things to do, good public transportation, the latest amenities in their residence and in their building (like a gym). Many articles and reports have …

IRS Rules Partial IRA Transfer Blows Up a 72t Plan

A partial IRA transfer  currently using Rule 72(t) led to another predictable result for an IRA who was ignorant of IRA rules. In another one of those “gotcha it’s too late” situations with the IRS, the service in PLR 201323045 has ruled again (and has ruled in the past) against an IRA owner that had a …

Fix That Resume – Your Largest Asset Depends On It

Did you know your resume could be worth over $1 million? It could be. My reasoning is as follows… (cover photo courtesy of Juhansonin) Some time ago, I came across this neat article on how to frame a resume from Tammy Erickson in the Harvard Business Review: The Case of the Rolling Stone (that Gathers …

Why Rising Rates Will Eat Your Home Value

credit myself with the front photo🙂 from Bloomberg: Rob Braunstein said his search for a three-bedroom home on a quiet street in Needham,Massachusetts, is taking on more urgency as he watches mortgage rates tick higher. Every increase, he worries, shrinks his budget by boosting monthly payments, he said. That says everything you need to know about the …

Where Is Global Growth?

Photo courtesy of likeablerodent For the past 2 years, we have had to settle with America’s anemic growth being the attraction of the world. Yes China was still growing 7+% (or so they say), but no one was buying that as Chinese stocks hit 2009 lows. And Africa was powering higher but other than high …

Health Care Costs in Retirement – Like Paying for a Vacation Home

Photo Source: Tax Credits Read an interesting article in IBD last week outlining the expected costs in retirement of health care. The author writes that retirees should expect Medicare to cover only 60% of expected health care costs in retirement and that they should plan on $5,000-14,000/year in out of pocket health care costs. Is …

Downsizing Across State Lines

Reflections on an article from IBD I read last week… The number of retirees moving to Florida has decreased over the past 20 years according to Richard Johnson of The Urban Institute. According to Johnson, 1/4 retirees age 55-65 moved to Florida from out of state. That number dropped to 1/7 by 2010. Question: Is Florida …