Life is unpredictable and sometimes you need financial help. However, with employers no longer offering to give salary advances, for many pay-day loans have become the only option. These lenders charge exorbitant interest rates and demand repayment within two weeks. This often leads to the accumulation of larger debt. Last year over 20 million Americans [...]

Will pigs ever fly? In 401(k) circles there is a saying: Educating employees on investing is like teaching pigs to fly; They never will fly, and get sick of being thrown off the roof. Now before you think this is rude and elitist let me explain. A Disconnect A one on one session explaining principles [...]

I would encourage you to read the recent interview of President Obama in the New York Times magazine.  (Full interview, click here.)  The first part of the interview is entitled “The Future of Finance.”  The President has some encouraging things to say, but I can’t help feeling disappointed in the overall tone and substance of [...]

Just when I thought I’d become numbed to the daily dirge of dire financial news, along comes a New York Times report that left me stunned.

n an article aptly headlined “Gimme Back Your Paycheck,” Gretchen Morgenson reported that executives at seven of the financial industry’s biggest losers leached $464 million in performance pay since 2005. They were as adept at wiping out shareholder wealth as they were at accumulating their own wealth — their companies lost $740 billion in stock market value in the past two years.