Posts Tagged ‘public debt’

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 […]

Houston We've Got a (Pensions) Problem

Houston We’ve Got a (Pensions) Problem

By The Banker | Blog Posts, Texas

Houston’s three public pensions may not be in total distress today, but some of the instrument panels are beginning to flash orange. One of the warning signs is the hit to the city’s credit-ratings earlier this year, as Moody’s Investors Service downgraded the City of Houston’s debt on March 16 2016. You might guess that […]

Dallas Pension Plan - An Example of What Can Go Wrong

Dallas Pension Plan – An Example of What Can Go Wrong

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

I’ve become a bit obsessed with public pensions this month.[1] As a lesson in how pensions can go wrong, I began looking into the Dallas Police and Fire Pension System. Dallas’ Police and Fire Pension ranks as the tenth largest in the state and easily qualifies as the most dire, according to the usual metrics […]

In Which I Praise An Outgoing Texas Politician

In Which I Praise An Outgoing Texas Politician

By The Banker | Blog Posts, Texas

Editor’s Note: A version of this post appeared in the San Antonio Express News.  In Praise of Susan Combs As we elect a new crop of public officials in Texas this week let’s take a moment to appreciate an outgoing official, Susan Combs, Texas Comptroller of Public Accounts. As Comptroller, Combs served as a combination […]