Image Credit: Alex Nabaum By Jason Zweig | Feb. 22, 2019 11:00 a.m. ET For decades, Wall Street has claimed that professional investors are “the smart money” and individuals “the dumb money.” That’s been one of the most cynically lucrative propaganda campaigns in history, with billions of dollars in fees and commissions flowing to people...Read More
Forget the 401(k). Let’s Invent a New Retirement Plan.
Image Credit: Alex Nabaum By Jason Zweig | Feb. 10, 2019 10:10 p.m. ET If we could reinvent retirement-saving plans from scratch, how would they differ from the rigid and often paltry 401(k)s that workers have today? In all sorts of ways. The reimagined plan, for one thing, would blend the stable income for life of old-fashioned defined-benefit...Read More
FDR Weighs In on the Buyback Debate
Image Credit: Alex Nabaum By Jason Zweig | Feb. 8, 2019 11:40 a.m. ET Eighty-three years ago, President Franklin D. Roosevelt had a new plan for tackling income inequality. FDR argued companies were intensifying the gap between rich and poor not by showering investors with too much wealth—but rather by paying them too little. “The evil has...Read More
Raising Your Own Rates Even if the Fed Won’t
Image Credit: Alex Nabaum By Jason Zweig | Feb. 1, 2019 6:00 a.m. ET The Federal Reserve signaled on Wednesday that it will be “patient” before raising interest rates again, but you should put your money in motion. In a few minutes and with a few clicks of a mouse, you can crank up the yield on your cash by two percentage points, often adding...Read More