Telling Your Clients that Investing Early For Retirement Is Vital
The financial education on the importance of starting to save early for retirement cannot be overrated. Saving early for retirement is a must do for everyone and should be emphasized whenever possible. According to BlackRock’s 6thAnnual Global Investor Pulse Survey more than half of 27,000 respondents from 13 countries worry more about their current financial...Read More
Case Study: How to Prospect Executives with Risk Assessment Report
When you’re looking for individuals that could be potentially good for prospecting, you need to search for names and positions of key executives. The whole process can be tiresome and take a lot of time and effort. Moreover, you need to get some detailed and helpful information for a proposal, based on thorough analysis and a client centered approach.
C’mon Baby, Tax the Rich: The Elephant In The Room
I would like to follow up my colleague’s top notch research note HERE on the consequences of dramatically increasing taxes on the wealthiest Americans. I will start out by saying that I believe this to be an unproductive idea, but my reasoning will be very very different from most comments on the topic. And you...Read More
Why is QDIA Important?
I agree with the author of “Are Qualified Default Investment Alternatives (QDIAs) Good, Bad or Lazy “Choices”?” that QDIA should be an important component of any retirement plan. Besides the fact, it protects the fiduciary of the plan as well as provides an invaluable option for participants. There are millions of people who need financial...Read More
Case Study: What is Wealth Crash Test and How it can Help You
Our client can reach out directly to thousands of HNWI leads using our POW 2.0 tool. They can even create a risk diagnostic report on the lead’s 401(k) plan using our Portfolio Crash Tester.
Tax the Rich: Let Them Stop Eating Cake
Taxing the rich is not a new idea by any means. But the call to take more money from them has become louder. People with some power to act have begun to unabashedly call for higher taxes on the rich. Much to the chagrin of many wealthy Americans and those in attendance at Davos for...Read More
Case Study: Here is How a Prudent Process Approach Prevails
Litigation against plan sponsors is nothing new. But in the aftermath of the financial crisis of 2007-2008, the number of excessive fee lawsuits that were brought by participants in 401(k) has increased. Tibble vs. Edison, decided in 2017, was one of the most famous cases in which the plaintiffs claimed that executives of the Edison International Inc.
Chuck’s Gambit: Spend Your Tax Windfall Like We Tell You To!
On Monday, senate minority leader Chuck Schumer and senator Bernie Sanders wrote a New York Times Opinion piece that, quite frankly, left me a bit puzzled. I understand why the piece, titled “Limit Corporate Buybacks”, was written, but it can’t be considered real policy. The opening paragraphs constitute a bit of anti-Randian fantasy: “From the...Read More
How Cryptocurrency Can Still Take Over The Internet: Part II
In a previous post I explained why most of the common criticisms of cryptocurrency (and Bitcoin specifically) are off the mark or are simply disingenuous. At this point, I would like to explain the real problem with cryptocurrency today and offer a fairly specific solution. Before I do, there is one more criticism that I...Read More
More Advisors Now See Opportunity Instead of Competition in Technology
Financial advisors are less intimidated by the risk of technological progress taking their jobs rather than they were a few years ago. Indeed, there are signs that advisors are becoming more comfortable with technology, especially as their clients become more tech-savvy and demand an enhanced experience in the digital age era. From the recent report...Read More