529 Accounts and Tax Fairness

529 Accounts and Tax Fairness

By The Banker | Blog Posts, Inequality, Investing, Personal Finance, Taxes

President Obama recently announced a series of tax changes he will propose or at least politically push for in the coming year. Since the US Congress constitutionally controls the power of taxation, and Congress likes Obama as much as I like Pete Carroll’s Seahawks, I understand that Obama’s priorities may not come to pass any [&hellip

Groan-Worthy Market Commentary

Groan-Worthy Market Commentary

By The Banker | Blog Posts, How Not To Invest, Investing

Helium was up, feathers were down. Paper was stationary. Fluorescent tubing was dimmed in light trading. Knives were up sharply. Cattle futures steered into a bull market. Pencils lost a few points. Hiking equipment was trailing. Elevators rose, while escalators continued their slow decline. Weights were up in heavy trading. Light switches were off. Mining [&hellip

A Confusing Puzzle Made Simple - Retirement Plans

A Confusing Puzzle Made Simple – Retirement Plans

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

A version of this post ran earlier in the San Antonio Express News I recently received in the mail retirement plan documents for a local employer’s 403B plan. I’m going to spend the first part of this column complaining about this 403B plan provider. Later, I am going to offer a better, simpler, version of [&hellip

Art Lessons For Business

Art Lessons For Business

By The Banker | Blog Posts, Texas

A version of this post ran in the San Antonio Express News You know what’s hard about producing art? Getting paid. I don’t usually turn to the art world for my lessons on business, but I’ve been thinking lately about San Antonio glass artist Justin Parr and what he’s been doing with the “Esferas Perdidas” [&hellip

Radio Appearance On The Cost Of Attracting NFL Team To Town

Radio Appearance On The Cost Of Attracting NFL Team To Town

By The Banker | Audio Posts, How Not To Invest, Texas

I participated in a radio discussion yesterday regarding on public radio KSTX ‘The Source,’ hosted by David Martin Davies, on the likely cost of attracting an NFL team, to move to San Antonio. NFL owners in the last few decades have come to expect extraordinary public subsidies for their privately owned businesses. I estimated earlier in [&hellip