A little while back, I found myself in an Uber, when the driver began to share his political views. Before too long, it became clear that his point of view was well outside the norm. For example, he explained that the Federal Reserve Bank is not a government entity, as most people believe. Rather, [...]
The SECURE Act
When political parties set aside partisan bickering and agree on an issue, it's worth taking note. Such was the case last week when the House of Representatives voted 417–3 in favor of a bill known as the SECURE Act. This legislation would represent the most significant set of changes to retirement [...]
My broker
I'll never forget my first interaction with Wall Street. I was in my early 20s, just getting started in my career, when I was introduced to a stockbroker—let's call him Eddie. He was a pleasant fellow with a good reputation and all of the trappings of success, including a DeLorean in the driveway. [...]
McArthur Wheeler
One spring day in 1995, a fellow named McArthur Wheeler walked into two banks near his home in Pittsburgh and robbed them at gunpoint. He almost got away with it—except for one critical flaw in his plan: The disguise he chose didn't disguise his face at all. Instead of the usual stocking cap or [...]
Managing a windfall
A few days ago, life changed for 24-year-old Manuel Franco of West Allis, Wisconsin. The winner of a recent Powerball lottery, Franco took home $326 million after taxes. With this large a sum, it shouldn't be hard for Franco to make his winnings last a lifetime. But that's an extreme case. More [...]
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