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Month: October 2020

High Advisor Commissions for High-Risk Investments

Financial advisors who charge commissions are two to eight times more likely than those who charge fees to recommend risky investments. This is the finding of a survey done by the North American Securities Administrators Association (NASAA) of 516 financial firms with...
How India Rose James Inherited Soho

How India Rose James Inherited Soho

INDIA ROSE JAMES ON INHERITING SOHO: I WAS TOLD I NEVER HAD TO WORK, EVER The granddaughter of porn publisher Paul Raymond grew up treating Soho as her playground. She talks about motherhood and sobering up October 22, 2020 | Hilary Rose Heiress is a Georgette Heyer...

How Much Money Equals Wealth?

How much money do you need to have to be considered rich or wealthy? The best answer is “it depends,” considering your definitions of rich and wealthy. Are they terms defined by one’s net worth, income, or overall wellbeing? Is the context local, national,...

Creating Money to Fund Social Security

In two recent columns, I discussed two reasons not to worry about the possibility of “defunding” Social Security. First was the unlikelihood of Congress and the President ending Social Security payroll taxes. Second was the option for Congress to fund...

Trump’s Tax Avoidance

Every once in a while, a breaking news story is on a topic that I actually understand. The September 27 New York Times article, “Long-Concealed Records Show Trump’s Chronic Losses And Years Of Tax Avoidance,” is one such story. Many reactions to it show...