On Twitter the other day I had a short exchange with Noah at Money Metagame about a question that I find fascinating: what do you do with your next dollar in income? Budgets are fine but don't aid ongoing decision-making For a little bit of context, here are my recurring monthly expenses: Rent Phone Internet Blog subscription service Google … [Read more...] about Where does your marginal dollar go?
Archives for March 2017
I've written before (and expect to write more) about the Social Security Administration, which is both the primary source of disability insurance for low-income workers and one of the lowest-cost guaranteed retirement savings vehicles available to all workers in the United States. I want to address a few curious issues that arise with late-career Social Security … [Read more...] about The effects of late-career Social Security contributions
Since we now have a preliminary Congressional Budget Office report on the effects of the American Health Care Act, the Republican replacement for the Affordable Care Act, this seems like as good an occasion as any to address the importance of medical insurance to the construction of an economy of entrepreneurs and entrepreneurship. Since World War II, … [Read more...] about We must decide: shall people be financially ruined by medical costs?
Today I'm introducing a new feature I'm very excited about. It's extremely common in financial journalism and even in popular culture to see vague references to "how things work" in some other country, whether it's refugee policies in Denmark, the health insurance marketplace in Singapore, or employment law in France. Since, as readers know by now, I … [Read more...] about Over There: Investing in Germany
Over the last year or so, I've read 20-30 books on investing, including short handbooks like The Index Card and somewhat more technical volumes like Jack Bogle's Common Sense on Mutual Funds. The thing virtually every book I've read on investing has in common is a recommendation that part of a portfolio be invested in bonds, and it took me a … [Read more...] about What do you think you are doing when you diversify investments?