100 Year Bonds In The Trump Era

100 Year Bonds In The Trump Era

By The Banker | Blog Posts, Texas, Wall Street

The United States does not currently issue bonds with maturities longer than 30 years, but the idea of super long-dated national debt is back in the air. Long-dated, as in bonds due in 100 years. One reason 100-year bonds are kind of neat is that nobody alive right now ever needs to worry about paying […]

TRS - A Texas Pension Too Big To Fail

TRS – A Texas Pension Too Big To Fail

By The Banker | Blog Posts, Investing, Personal Finance, Texas

Texas State Senator Paul Bettencourt, (R-Houston) poked the bear when he filed Senate Bills 1750 and 1751, which would allow the Teachers Retirement System of Texas (TRS) and Employee Retirement System of Texas (ERS) to study, and possibly implement, changes in their public pensions. Change would mean moving – in an as-yet unspecified way – […]

Variable Annuity Salespeople: Just Because You're Paranoid Doesn't Mean I'm Not Out To Get You

Variable Annuity Salespeople: Just Because You’re Paranoid Doesn’t Mean I’m Not Out To Get You

By The Banker | Blog Posts, How Not To Invest, Personal Finance, Texas

A funny email note went out yesterday from the National Tax-Deferred Savings Association (NTSA) about my article on the terrible retirement product teachers generally get, from an organization funded by the people selling those terrible products. By their note I gather they support the selling of shit-sandwich annuities to retirees, stuffing unsophisticated people’s retirement accounts […]

Teachers and Their Retirement Problems

Teachers and Their Retirement Problems

By The Banker | Blog Posts, Personal Finance, Texas

A majority of people struggle to prepare financially for their retirement, but public school teachers and employees face a particularly difficult set of circumstances. I’m enough of a fiscally hard-assed finance guy to think that every public school teacher should self-fund his or her retirement to supplement their pension plan, which for people in my […]

A Road Runs Through It

A Road Runs Through It

By The Banker | Blog Posts, How Not To Invest, Investing, Personal Finance, Taxes, Texas

I had a weird thing happen to me recently that prompted thoughts on real estate investing, “eminent domain,” and BIG GUBMINT. I (re-)learned that what you don’t know might hurt you, and also what you think you know about your constitutional rights might not be true. Through a series of unfortunate events, I became a […]