Is 401(k) a ticking time bomb?
Posted: 9:49 PM Internal Revenue Code section 401(k) is the only section of the US tax code that the average people can cite.
Posted: 9:49 PM Internal Revenue Code section 401(k) is the only section of the US tax code that the average people can cite.
Posted: 10:20 PM Like Hunter Thompson, I'm a native Kentuckian, and an honorary Kentucky Colonel. Like most Kentucky Colonels, I have never worn the linen outfit that Colonel Sanders made famous. You won't see many men at Churchill Downs dressed like a KFC advertisement. On Derby Day, you will see women wearing beautiful hats, several A and B list actors, a number of sports stars, and 100,000 other people in search of one thing:
Posted: 10:03 PM One of the most bizarre lottery winners stories in recent years comes out of Shelbyville Indiana. A man claims to have won a $34.5 million jackpot and supposedly went to great lengths to hide it from the wife he is divorcing.
Posted: 9:55 PM I knew little about Bubba Watson before he won the Masters Golf Tournament. From the name, I expected a beer drinking, John Daly wanna be. I was dead wrong.
Posted: 1:29 AM Most people perceive my job as only helping people make money. What I really do is help injured people.
Posted: 1:22 AM Whenever a jackpot hits record highs, like the Mega Millions lottery did last week, the book climbs to the top of the Amazon charts and I do non stop media appearances. I did over 30 in three days. I did more international appearances, like BBC, than I did local. Being interviewed by the Associated Press and Los Angeles Times got the story in nearly every publication in the world.
Posted: 6:35 PM I learned some wonderful marketing tips from mobsters. I grew up in Northern Kentucky. My father was a professional gambler and the Newport and Covington were heavily influenced, or controlled, by the mafia.
Posted: 6:27 PM Even though I grew up in a community run by organized crime, the lines between what was legal and what was illegal were very clear.
Posted: 4:05 PM I spent a day with a high-powered, high profile friend who mentioned that over 700 people a year ask him to help them get a new job.
Posted: 8:18 PM An aspiring life coach has been working to help me improve in several areas. She found some of my old notes (I think they came from listening to the Strategic Coach, Dan Sullivan) about the four habits shared by most entrepreneurs.
Posted: 4:19 PM In my book Wealth Without Wall Street and in my newspaper column, I've had one constant mantra. Credit cards are evil.
Posted: 7:11 PM I'm mourning the loss, at age 64, of my friend, author and frequent Kentucky political candidate Gatewood Galbraith.
Posted: 10:19 PM In 1988, MONY Securities in Atlanta invited me to speak at a conference. The president of the company insisted I read an obscure book by John Watts, The Financial Services Shockwave: Survival Tactics for Wall Street and Main Street.
Posted: 10:16 PM When I walked in the Kentucky Book Fair, I could see that the author in the booth next to mine had to be a television anchor. Handsome, perfect hair, perfect clothes with a woman who looked like a fashion model (I later found it was his wife) assisting him.
Posted: 10:08 PM I'll be honest. I was not looking forward to reviewing Al Smith's new book, Wordsmith. I'm too close to the author.
Posted: 10:04 PM Many businesses can prosper by word of mouth advertising. Kentucky Guardianship Administrators (a group I founded and own) is one that did.
Posted: 3:54 PM Jim LaBarbara's new autobiography, "The Music Professor," has a section about my dad. LaBarbara said that Big Joe McNay ". . . was bigger than life. He was friends with everyone from (Johnny) Bench and Pete (Rose) to the big politicians. I think he introduced me to half the people in town, everyone seemed to like him."
Posted: 3:52 PM Anger has been rising on Main Street since the bailouts and the million-dollar bonuses were handed to Wall Street. Washington and Wall Street spent so much time talking to each other that they never noticed the mood of the country and figured it had gone away.
Posted: 3:51 PM Last week, I saw two very different reactions to moves made by two different banks. One bank was once considered "too big to fail." The other is a tiny blip in the banking world.
Posted: 3:50 PM In my book, Wealth Without Wall Street: A Main Street Guide to Making Money, I encourage people to make four economic moves:
Posted: 4:34 PM "From Small Things Mama, Big Things One Day Come" -Bruce Springsteen "It's the little things that mean a lot." -Sonny and Cher As noted in the song lyrics, plenty of lip service has been paid to the idea that small acts can have a big impact.
Posted: 4:24 PM In his 1961 inaugural address, President John F. Kennedy urged Americans to "pay any price, bear any burden, support any friend, oppose any foe in order to assure the survival and success of liberty." He also said, "Ask not what your country can do for you-ask what you can do for your country." Many people believed in Kennedy's aims of shared sacrifice and public service.
Posted: 4:20 PM Every year since 1991, the Gallup Organization has polled Americans on which profession they consider the most honest and ethical. When nurses are on the list they always come out on top, except in 2001 when firefighters, understandably, took the distinction.
Posted: 4:19 PM George Bernard Shaw said there are two tragedies in life: One is not to get your heart's desire. The other is to get it.
Posted: 4:11 PM My approach toward wealth changed in 1992 when I went to a Vanderbilt University alumni meeting and heard William Spitz, the college's treasurer, give a talk about his book, Getting Rich Slowly: Building Your Financial Future Through Common Sense.
Posted: 3:41 PM - The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks.
Posted: 12:48 PM - The Metro-North commuter rail line says crews will spend days rebuilding 2,000 feet of track, overhead wires and signals damaged in a derailment and crash in Connecticut.
Posted: 12:31 PM - The president and CEO of The Associated Press says the government's seizure of AP journalists' phone records was "unconstitutional" and already has had a chilling effect on newsgathering.
Posted: 12:28 PM - Russian NTV television is reporting that the U.S. Embassy employee accused of spying and ordered to leave the country has flown out of Moscow.
Posted: 11:41 AM - South Korea has deployed dozens of Israeli-made precision guided missiles on islands near a western sea boundary disputed by North Korea.
Posted: 11:08 AM - The Kentucky State Police have confirmed that one man is dead and another remains at UK hospital after shots were fired in Owsley County Saturday night.
Posted: 9:11 AM - A northern Kentucky sheriff has made some big changes during his first few months in office.
Posted: 9:08 AM - A senior White House adviser insists President Barack Obama learned the Internal Revenue Service had been targeting tea party groups "when it came out in the news."
Posted: 9:36 AM - U.N. Secretary General Ban Ki-moon is holding out hope that an international conference to negotiate a peaceful resolution to the Syrian civil war will be held in early June.
Posted: 9:36 AM - Federal and local law enforcement are searching for another person suspected of sending letters containing the deadly poison ricin.