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The Independent Investor: Baby Boomers and Retiremen
By Bill Schmick,
05:28PM / Friday, August 29, 2014
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The nation's work force has experienced some traumatic events over the past five years. Between the financial crises, global competition and the slow pace of domestic economic growth, is it any wonder that employment in the U.S. is not what it should be? Yet the biggest challenge of all may be right around the corner as the Baby Boomers retire in droves.

From 1946 to 1964, there was a boom of baby making in this country. A total of 76 million Americans were born during those 19 years. Now those Americans are between the ages of 50 to 68 and are eyeing the prospect of retirement in the near future.

Think of it: Nearly one quarter of all Americans alive today will be leaving

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The Independent Investor: Financing ISIS
By Bill Schmick,
05:26PM / Thursday, August 21, 2014
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Outgunned, outmanned and outfinanced, terrorists should be logically on the losing end of any combat engagement. And yet,   they exist and sometimes flourish despite the odds. Much of their success can be attributed to cash, the life blood of any army, and their increasingly sophisticated method of raising it.

Terrorists today would like you to think that they thrive because their cause is just. It plays well with the foreign media but the truth is that they have developed a sophisticated global fund-raising system that utilizes everything from Internet appeals to directly tapping into some country's defense budgets.

The Islamic State of Iraq and Syria (ISIS) is a

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The Independent Investor: Beware the Russian Bear
By Bill Schmick,
05:05PM / Thursday, August 07, 2014
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Twenty-thousand Russian troops are massing along the Ukraine border. Wednesday, in retaliation for another round of Western sanctions, Vladimir Putin imposed sanctions on certain U.S. and EU imports. And yet the markets barely registered the event. Are investors a bit too complacent?

Price action in the stock market would indicate that global investors believe both sides are bluffing. Putin is simply playing a game of chicken, pundits contend, betting Europe and the U.S. will blink first. They seem unperturbed that the hardware being deployed by the Russians on the Ukrainian front could roll back all the hard-won gains of the Ukrainian government over the past few weeks in a matter

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The Independent Investor: Why Some Corporations Are Leaving America
By Bill Schmick,
10:01PM / Friday, August 01, 2014
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In recent weeks, politicians and concerned citizens alike have decried the growing number of corporations that have opted to renounce their citizenship and move off-shore. Rather than simply playing the blame game, a better approach might be to examine the underlying cause for this growing exodus. 

Taxes, as you might imagine, are the crux of the matter. It is true that U.S. corporations pay the highest tax rate in the world at 35 percent. It is an often-quoted statistic but not entirely accurate. The effective tax rate is more like 25 percent when all the deductions and allowances are accounted for. Nevertheless, that number is still high and many corporations fear it is going

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The Independent Investor: How Much Is Too Much to Spend in Retirement?
By Bill Schmick,
02:53PM / Thursday, July 17, 2014
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More and more baby boomers retire each year. One of the questions that trouble them the most is whether they have enough savings to last their lifetime. The answer largely depends on how much they plan to spend each year.

The historical guideline that most financial planners use is a 4 percent drawdown of your retirement savings after taking account of social security and other non-portfolio sources of income, such as rentals or part-time work. That number has been shown to provide most retirees with a comfortable living over the course of a 30-year retirement.

However, I advise my clients to use the 4 percent rule of thumb as a starting place and adjust along the way. Times

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