New Military Retirement System is a Pyramid Scheme

Lendign Club Provides Investors with Negative Returns

My Lending Club investment returns have been taking a beating lately.  Even with a spread of more than 1400 loans across multiple grades, I’m getting burned with -0.3% Annualized Return.

This account funded in the Spring of 2015, so the loans are in their at their 30 month point, a ‘danger zone’ when Lending Club reports most defaults take place.

This account has followed all of the recommended investing ‘rules’ on the Lending Club website – Buy more than 800 loans, spread out your credit risks, etc.  After following the Lending Club guidance, all I can state is that the performance is rather unnerving, minus 0.3% Annualized Return: Continue reading


Solo 401k Parachute

Are you looking to Retire Early, but don’t want to pay a penalty to access the money you saved before you turn age 59.5?

 

Got a ton of retirement money stashed in the TSP, an IRA, former employer’s 401k, or other Qualified Retirement Plan?

 

Are you also looking to implement a withdrawal strategy that does not force you in to a 5-year waiting period like the ‘Roth Conversion Ladder’ does?

 

There’s a perfectly legal method to get to your Retirement Plan money at age 55 without paying a penalty, and it’s called the Solo 401k.

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Lending Club PRIME account

You won’t see that headline splashed across Lending Club’s home page.

Unfortunately for Lending Club, like most people who file for income taxes, this is the time of year when I review my year-end bank and investment statements to see how things are going.

I guess Lending Club is counting on me (and the rest of its investors) not performing this annual review of investment summary statements.

Because if they were, there would be even more bad press for Lending Club. Continue reading

Thrift Savings Plan Guidance for Federal Furlough

Thrift Savings Plan Guidance for Federal Furlough

 

Recently the WSJ posted an article about all the bookkeeping, tax filing, legal, and administrative fees necessary to operate a company’s 401(k) program on behalf of its employees.  This, by the way, is on TOP of the expense ratios charged within the mutual fund investments available inside the Plan.
If you work for a small company, these administrivia fees add up (and NOT in your favor).  Vanguard – the low cost provider of all things investing- estimates these charges as totaling 0.25% in a very large company plan, and 0.58% for a smaller company plan.

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