Recent content by Username

And a bit more on the Studebaker case history I mentioned in my post above: During the 1950s and early 1960s, several major industrial corporations bet the farm by making pacts with their primary labor unions. Studebaker was one such company. These corporations didn't have the financial...

Unlike private sector pensions (e.g., corporation-sponsored), public sector employee pensions do not need to comply with the accounting and actuarial rigor of the Employee Retirement Income and Security Act of 1974 as amended (ERISA). Prior to ERISA of 1974, the pension of most private sector...

How about so-called "Brokered CDs"? If I understand them correctly, they a bank sells a large denomination CD to a brokerage company (e.g., Fidelity) who parcels chunks to individual investors. I presume the brokerage makes money several ways on this (spread, transaction, other). But somehow...

Hi. I'm new here. I'm Username (how original is that?). I'm retired, and live in Las Vegas, NV. We spend a lot of time in fine dining restaurants, wine bars, bicycling, and skiing.