What Does “Umbrella” Insurance Cover?

Here’s more from Ike Devji’s white paper on asset protection: It is a great idea to have an umbrella policy, but you and your liability carrier have different ideas about what umbrella means. To you it means everything, to your carrier it means specific...

What is Asset Protection?

Back in February I described asset protection as the legal techniques that protect your wealth from creditors and predators. Here’s what I wrote: Is asset protection some kind of euphemism for stiffing banks? No way. It’s more about planning before you borrow...

Book Review: The Big Short

Michael Lewis has done it again. The Big Short is a must read, even if you don't know anything about finance. With his trademark ability to identify unlikely heroes, he chronicles the lives of people who bet against subprime mortgages. The prose is lucid. The...

Recession, Depression, Get Used To It

Tomorrow, Stephen Kovach will guess blog on Acrimoney. Here’s what he writes about what’s in store during our lifetimes. Given that the average life span in the U.S. is approximately eighty years, this also means that the average U.S. citizen lives...

Book Review: The Big Short

Michael Lewis has done it again. The Big Short is a must read, even if you don’t know anything about finance. With his trademark ability to identify unlikely heroes, he chronicles the lives of people who bet against subprime mortgages. The prose is lucid. The...