School Finance FrightMare in Houston

School Finance FrightMare in Houston

By The Banker | Blog Posts, Inequality, Taxes, Texas

Voters living within the Houston ISD catchment area on November 8th face a “Scylla and Charybdis” vote – and it’s not Clinton vs. Trump – but rather equally terrible public school funding choices. What’s happening in Houston gives Texans everywhere an insight into a complex problem with no easy solutions, as Glen Read the general [&hellip

Pretending Economic Policy Matters

Pretending Economic Policy Matters

By The Banker | Blog Posts, Personal Finance, Taxes, Texas, Wall Street

This Presidential election is absolutely not about economic policy. To pretend that you’re choosing your presidential candidate in the 2016 election based on economic policy – after this campaign season – is as absurd as claiming you used to purchase Playboy for the articles. Even so, let’s pretend for a moment that this election was [&hellip

College Finance Prep

College Finance Prep

By The Banker | Blog Posts, Personal Finance

My eldest daughter has another seven years before she begins college,[1] but I’m a planner. The financial burden of my kids’ college looms large, like those spaceships in the Independence Day movies, threatening to block out the sun, and with them, all hope on earth. Before abandoning everything, running for the hills, and calling Will [&hellip

529 Accounts for Grandparents

529 Accounts for Grandparents

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

If tax-advantaged investment accounts were characters from Pixar’s Cars movie, I’d award star-status to the 401K as the Lightning McQueen character voiced by Owen Wilson. Meanwhile, 529 education savings accounts would have to be represented by a grandfather-type character – like the Doc Hudson car from the 1950s – voiced by Paul Newman. I partly [&hellip

DAF and Dying With A Surplus

DAF and Dying With A Surplus

By The Banker | Blog Posts, Investing, Texas

If you face the high-quality problem of finishing your life with too much money, you’ve probably already figured out that three groups, and three groups only, get your surplus: The government, your family, and your preferred charities. Of these, we typically all agree about leaving the lowest legal amount to the government. Then we face [&hellip