It is a great time to be young

It is a great time to be young

Quite often I have older people coming in romanticizing yesteryear and the interest rates they used to get at the bank. At this point it has become a joke with many people, and yet I still see people moving from bank to bank trying to catch an extra 0.10% in interest. Two things that these […]

3 Reasons Why Your Financial Advisor is Too Old

3 Reasons Why Your Financial Advisor is Too Old

Suitability vs Fiduciary In my previous post about the DoL ruling, I mentioned that as of this year your financial advisor is required to act as a fiduciary with regard to retirement accounts. Before the DOL ruling, financial advisors just needed to determine if an investment was suitable for a client. What does that tell […]

Weight, Performance, and Other Things you Shouldn’t ask a Financial Advisor About

Weight, Performance, and Other Things you Shouldn’t ask a Financial Advisor About

One of the questions that I get quite often when speaking to prospects is, “What has your performance been?” My response to this question used to be to go into 1, 5, and 10-year performance deliverable and discuss the performance of each position and why it did well or not. At that point, the prospect’s […]

How to Think About Annuities

How to Think About Annuities

A quick Google search of “Annuity Strategy” will yield almost 1 million results. It is not difficult to find someone to dole out annuity advice. The first thing anyone shopping for annuities should know is that an annuity is an insurance product. People don’t think that they will become extremely wealthy off of their home […]

What the Heck is a Hedge?

The word hedge has started to develope a poor reputation in recent years. A hedge fund is a company of corrupt overpaid Wall Street suits like Martin Shkreli… according to some people. People also use the term “Hedging my bet.” What I have found is that many people don’t understand the meaning of hedge, but […]