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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 education on how to invest money for their retirement. Unfortunately, not all of them get it due to various reasons. This makes these participants less prepared for their future retirement as they miss out on early retirement savings. By looking at the chart below, you can see that investing early will make a huge difference...

Case Study: What is Wealth Crash Test and How it can Help You

Daniel Satchkov

14 Feb 2019

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.

Yon Perullo

14 Feb 2019

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 the Economic Forum (and likely many readers of this blog), the idea is gaining momentum. Those in Davos were caught between taking it seriously and dismissing it as fantasy. My former boss, Scott Minerd, Global CIO of Guggeneheim Partners said “It’s scary…I think the likelihood that a 70 percent tax rate, or something like that,...

Yon Perullo

08 Feb 2019

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 mid-20th century until the 1970s, American corporations shared a belief that they had a duty not only to their shareholders but to their workers, their communities and the country that created the economic conditions and legal protections for them to thrive. It created an extremely prosperous America for working people and the broad middle of the...