It was easy to live off investment income if you retired in the 1970s and early 1980s. After all, interest rates were in the high double digits back then, and pensions were the norm. Even CDs and Treasury bonds gave you a nice return. That’s not the case today. Interest rates are nowhere near that […]
The ‘Common Man’ Rule of Retirement Spending Read More »
A federal jury in south Florida this week convicted a formerly licensed insurance broker and the head of a marketing firm for their roles in a years-long scheme to fraudulently enroll homeless people in Affordable Care Act insurance plans. Cory Lloyd, 46, of Stuart, Florida, and Steven Strong, 42, of Mansfield, Texas, signed up enough
Former Florida Broker and Texas Man Convicted in ACA Scheme That Netted $180M Read More »
Kansas Insurance Commissioner Vicki Schmidt announced a Johnson county man has been sentenced to 12 months of probation for insurance fraud. Macario Butler, age 28, pleaded guilty on November 7, 2025 in Johnson County District Court to one misdemeanor count of insurance fraud and one count of attempted theft. Butler attempted to reinstate his cancelled
Kansas Man Sentenced for Insurance Fraud Read More »
A Wisconsin man accused of trying to burn down a congressman’s office earlier this year because he was upset over the federal TikTok ban has pleaded no contest to felony arson. Caiden Stachowicz, 20, of Menasha, entered the plea Monday in Fond du Lac County Circuit Court, online court records showed. Defendants who plead no
Wisconsin Man Pleads No Contest for Attempting to Burn Down Congressman’s Office Read More »
Lisa Emery loves to talk about her “boys.” With each word, the respiratory therapist’s face softens and shines with pride. But keep her talking, and it doesn’t take long for that passion to switch to hurt. She knows the names, ages, families and the intimate stories of each one’s scarred lungs. She worries about a
Coal Miners With Black Lung Say Government Cuts Are Suffocating the Working Man Read More »
A Georgia man has been arrested for at least the second time in four years, charged with posing as an insurance agent and selling fake workers’ compensation policies. Fernando Jose Cuellar Membreno, 54, was arrested in August after an investigation by the Georgia Board of Workers’ Compensation found that Membreno had been operating under several
Georgia Man Charged Again in Selling Fake Workers’ Comp Insurance Certificates Read More »
A Kentucky man entered a guilty plea to conspiring to defraud the U.S. Mine Safety and Health Administration (MSHA) in relation to an underground fire that occurred in the MC#1 Mine in Franklin County, Illinois, in August 2021. According to court documents, on Aug. 12, 2021, Timothy Parsons, 38, Louisa, Kentucky, was the Mine Manager
Man Pleads Guilty to Conspiring in Illinois Underground Mine Fire Fraud Read More »
Key Takeaways In contrast to most financial advisors, Munger called wide diversification “protection against ignorance,” useful only when you don’t have conviction. Holding too many positions, he argued, can raise costs, blunt big winners, and still leave you exposed to market shocks. Munger advocated a balanced approach—owning a few great companies plus low-cost index funds—that
Why Warren Buffett’s Right-Hand Man Said Diversification Will Not Work For Everyone Read More »