Become a Patron! Last month I got to spend some time with a relation who recently left a high-powered tech job, and who asked for some advice about financing a more or less indefinite period of unemployment. I am strongly opposed to mixing money and family, but I eventually relented and offered some ideas in general terms about how I would advise someone who came to me in … [Read more...] about Strategies to pay for an early retirement
What the media can’t get right about retirement, and why
Become a Patron! A long-time reader passed along an article from the World Economic Forum's blog (yes, for some reason the World Economic Forum has a blog) titled "To retire at 65, American millennials need to save almost half their paycheck." While the article is absolute drivel, it's a good starting point to understand some things the business and financial press gets … [Read more...] about What the media can’t get right about retirement, and why
What to watch for as the Senate panics over the SECURE Act
Become a Patron! My readers know that the SECURE Act, passed unanimously out of its House committee and overwhelmingly on the floor of the House, was conjured into existence by the insurance industry in order to increase the distribution of expensive, opaque annuity products in 401(k) retirement plans. It incidentally also includes a few other provisions designed to reduce … [Read more...] about What to watch for as the Senate panics over the SECURE Act
The backdoor VAT is an ideological project that must be defeated
Become a Patron! It's a banality among progressives in the United States to observe that we collect too little in taxes, spend too little on government programs, and consequently enjoy the least-generous welfare state, lowest life expectancy, and worst government services among our peer countries. And this is, as far as it goes, true: there's no obvious reason a country with … [Read more...] about The backdoor VAT is an ideological project that must be defeated
California’s AB 5 is about benefits, not wages or unions
Become a Patron! I've been following with interest the development and passage of AB 5, California's attempt to end the misclassification of employees, especially at app-based and platform companies including household names like Uber and Lyft. What I found is that there's a high degree of confusion surrounding the need for the bill, whom it will affect and how, and why … [Read more...] about California’s AB 5 is about benefits, not wages or unions