Essays & Videos
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Moving from Saving for Retirement to Spending in Retirement
As my friends and I prepare to enter the retirement phase of life, three questions come up in conversation: How do I use my money in retirement? How do I [...]
Should You Convert Your IRA to a Roth?
The answer depends on details that are specific to you: your tax bracket now, the bracket you expect later, and where the money to pay the tax bill comes from. [...]
Letter to My Daughters: On Maxims
"A maxim is a short, memorable statement that expresses a general truth, principle, or rule of conduct." Some maxims are widely known: "Life isn't fair," "You don't always get what [...]
More Than a Will
Most people think of estate planning as a paperwork exercise. Meet with an attorney, sign a will, name a beneficiary or two, and the task is complete. That view is [...]
Letter to My Daughters: On Bedside Books
Lots of people publish reading lists for various topics and purposes. I recently found a reading list for the “Collapse of Civilizations.” Your Grandpa has a couple of reading lists: [...]
Muhlenkamp Memorandum #159
The Iran war dominated markets for much of the second quarter, with the closure of the Strait of Hormuz cutting global oil flows and pushing prices as high as $113 [...]