Tag Archives | Government and Economy

What’s to Study? It’s Time to Pass a Fiduciary Standard

One of my “broken record” themes over the years has been the importance of requiring financial advisors to have a legal responsibility to act as a fiduciary. This simply means the advisor is required to put your best interest first. Like attorneys and accountants, financial planners who register with the Securities and Exchange Commission (SEC) […]

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Can’t Pay Off Your Credit Card Monthly? Cut It Up!

Financial consultant Rick Kahler says there are still many good reasons to stay away from credit cards. Kahler says, “I’m a great advocate of not using credit cards, especially for anything consumer related. The best use of a credit card is to pay if off every month. And I recommend to people, when you hit […]

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Financial Planning Strategies for Changing Political Times

The relationship between politics and money matters. It can have a direct effect on how you operate a business, invest, manage your finances, and build financial security. If you believe, as I do, that the U. S. is in a long-term trend toward wealth redistribution, it will be wise to pay attention to that trend […]

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Not Enough Money? Just Get More from “the Rich”

Over the past year, Rapid City’s country club rebuilt its 50-year-old club house. An article in the Rapid City Journal on the opening of the new building elicited several online comments, including these: • “And for [those] who built this obscene monstrosity right in the middle of a recession for the rest of us, shame […]

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Repeating Mistakes From the Great Depression?

Republican Herbert Hoover and Democrat Franklin D. Roosevelt would both feel right at home in today’s Washington. In an article in the London Telegraph, economists Charles Rowley of George Mason University and Nathanael Smith of the Locke Institute suggest there are “troubling similarities” between the current administration’s actions and those which in the 1930s sent […]

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