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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 will see, that while I believe this idea to be extremely unproductive, I will pinpoint the actual source of the problem and what needs fixing in order to justify the anger among middle and lower income families. With that let’s delve right into the reasons for why we are having this discussion in the first...

Alexandr Starodubtsev

15 Feb 2019

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 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,...