This piece originally appeared on The Rich Investor. The Individual Retirement Account, or IRA, is the backbone of most middle-class Americans’ retirement plans. Creating the tax-deferred savings vehicle back in 1974 was one of the few unequivocally good decisions Congress has made over the past half century. Don’t give Congress too much credit though. An...Read More

I wrote a few weeks ago that the economics of writing options (i.e. selling options that you intend to let expire or buy back at a lower price) are a lot like those of an insurance company. Yes, there are risks, and insurance companies do take losses from time to time. But those risks can...Read More