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'Working dog' puts trust in education

In a dusty, dog-hair-strewn world of silent, super-smart canines, lies one of the nation's fastest growing hobbies according to the Wall Street Journal. It's herding sheep with so-called "working dogs" - border collies and Australian shepherds known for speed and brainpower.

Recalling that there's nothing more frustrated than an unemployed working dog, I was reminded of some of my friends, now retired, who experienced the same level of frustration.

College leaders newest pay superstars

THIS STATE certainly has its share of Marie Antoinettes, and not all of them are female.

The latest collection includes the senior management of the University of California system whose annual salaries plus retirement benefits, under careful analysis, appear to run into the millions. Pausing to reflect for a moment, I'm reminded of a comment made by Steve Hebert, a friend from childhood who spent a career that included negotiations regarding pay for senior university officials. He pointed out that finding a college president is one of the hardest recruiting jobs.

Punitive tax reform for some banks overdue

F. Scott Fitzgerald once said the rich are different. Hemingway added, "Yes. They have more money." This comes to mind as I read about the residents of an exclusive enclave in Montana who are suing Credit Suisse Bank because the bank loaned them too much money.

Then, there's the despicable behavior of Goldman Sachs who was selling mortgage securities short (betting that they would drop in value) while selling them to institutional customers.

Roth IRA conversion not worth the taxes

With all this talk about Roth IRA conversions available to everyone in 2010, I don't see the attraction. It seems so simple to me to understand that if I don't write a big check to pay the taxes a conversion requires, I will have a lot more money, along with compound earnings, to pay whatever taxes I might owe on future distributions.

Plus, I control all the money and I have hedged my bets against what might be changes in tax policy or another market crash over the next 40 years.

Health care reform big leap forward for America

While Congress marches toward health care reform, I'm surprised that I haven't heard two obvious arguments for why passage is so critical.

First, the 40 million uninsured Americans are not the same ones year after year. The average employee changes jobs every seven years, so this means that at any one time, there are 40 million uninsured. However, the number of people who can expect to be part of that 40 million at some point during their lifetime is easily more than 100 million or more.

Never invade your nest egg's principle

What America needs is a simple book spelling out the most productive decisions people need to make as they transition from work to retirement. I've been asked to write such a book, so I thought it would be good practice to see if I could confine the basic ideas to a single column. So, here goes:

Retirement accounts, savings, home equity and Social Security are the only assets and income sources to support a lifestyle for the duration of life.

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