Lord of the Rates, Part I - The One Rate To Rule Them All

Lord of the Rates, Part I – The One Rate To Rule Them All

By The Banker | Blog Posts, Texas, Wall Street

Our present Phenomenally Low Interest Rate Era slips quietly into the next. Interest rates will rise very, very, soon. We sense the change, but wonder, what does this mean? For many here in Middle Earth, interest rates remain mysterious. Fortunately, I found an ancient scroll during my sojourns in the Eastern Lands. Many nights, like [&hellip

Judgment vs Objectivity - My Recent HELOC Renewal

Judgment vs Objectivity – My Recent HELOC Renewal

By The Banker | Blog Posts, Personal Finance

A version of this post ran recently in the San Antonio Express News. My wife and I recently renewed our home equity line of credit 1  with our bank. When the notary at my bank had us in the room for 30 minutes busily initialing and signing many dozens of pages per a minute – [&hellip

Ask An Ex-Banker: The Magical Roth IRA

Ask An Ex-Banker: The Magical Roth IRA

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance, Taxes

A version of this post ran in the San Antonio Express News. Dear Michael, Next January, when I receive the proceeds for a house I’m selling, I’m considering converting 70K from my TIAAF-CREF Traditional IRA into a Roth IRA, and paying taxes to do that that. I could then make my 7 grandchildren the beneficiaries [&hellip

Seigniorage! A Senator Used the Word!

By The Banker | Blog Posts

If you’re a dollar coin fetishist like me, you’ll enjoy this  funny Huffington Post article on Senator Vitter’s attempt to crush the dollar coin movement. In a delightful twist, the Senator even uses the word ‘seigniorage,’ and the article explains its meaning. It turns out Senator Vitter’s colleague Senator Enzi is actually a supporter of coins, so [&hellip

The Illusion of Democracy

The Illusion of Democracy

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

A new dilemma arose today in the ‘Teach my 9 year old child about money’ project. Kellogg’s sent her a voting card and ballot proxy, urging her to exercise her right to suffrage at the annual shareholder’s meeting, or more preferably, by signing a proxy form and sending it back to management. She has that voting [&hellip