Annie Duke’s latest and best of her books, Quit, is on making decisions under uncertainty.
Personal income (excluding transfer receipts) in December rose 0.27% and is up 5.3% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) MoM was up 0.21% and was up 0.3% year-over-year.
Equal-weighted portfolios have long outperformed cap-weighted funds. Conventional wisdom is that was because of the small-cap factor, but new research shows more is at play.
With the release of Friday morning's report on December's personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. At two decimal places, the nominal 0.22% month-over-month change in disposable income comes to 0.17% when we adjust for inflation. This is a decrease from last month's .28% nominal and 0.18% real change. The year-over-year metrics are 2.71% nominal and -2.20% real.
Elon Musk’s response to wavering demand and recession risk is pretty clear: slash prices, keep increasing capacity and try to continue growing even if it means sacrificing profit margin in the short term.
Here are six steps to implement multiple niches, bring in new clients, and accelerate their growth goals.
Donors were again very generous in their support of their favorite charities in 2022 despite inflation and poor performance across the financial markets.
For Americans with a New Year’s resolution to trade in their gas furnace or water heater for climate-friendly heat pumps, a word of caution: Generous Inflation Reduction Act rebates for home electrification took effect on Jan. 1, but they won’t actually be available to homeowners until year’s end or 2024 at the earliest, according the US Department of Energy.
Here’s an article to help clients better understand the tax benefits of charitable contributions.
Checking your 401(k) account balance is a little less painful these days.
Six Wall Street banks are being pressed by a group of shareholders to move faster on reducing their financing of fossil fuels to meet global climate goals.
Here are the three ways to get 2023 off to a great start so you can deliver even more massive value than ever before.
Older advisors need to step aside and make room for the up and comers.
COVID-19 has been a catalyst for change in many aspects of our lives, not least the migration to flexible working, which would have taken many more years without the pandemic’s brutal intervention.
America's subsidies for domestic EVs have created new tensions with Europe.
The first and easiest leg of the bursting of the bubble we called for a year ago is complete.
Two major issues clients should consider in creating their own long-term care plan are where they will live and how they will pay for the care they are likely to need.
Paying down student debt or saving for retirement can seem like mutually exclusive goals. A little-known workplace benefit could soon allow more workers to do both.
To determine the places where affluent Americans give the most to charity, we compared 384 metro areas.
So far, my 2023 investing looks just like 2022: lots of waiting.
Treasury Secretary Janet Yellen has declared that the US has hit its federal debt limit, kicking off an intense political battle that puts the global financial system at risk.
I've updated this series to include the December release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $47,438, down 8.6% from 45-plus years ago. Hourly earnings are below their all-time high after adjusting for inflation.
Jeff and Ron Muhlenkamp review what happened in 2022 regarding inflation, interest rates, the housing market, supply disruptions, energy problems, and foreign currency turbulence.
Advice boosts workers’ confidence in choosing investments—from 35% to 65%. Learn how our industry-leading asset allocation expertise can help participants make investment choices with more confidence and help employers reach their plan goals.
The greatest financial risk for depleting retirement resources is an unexpected and lengthy stay in a long-term healthcare facility.
Reducing the U.S. deficit is praiseworthy. How was that accomplished in 2022?
Macro hedge funds, which look at economic trends and take advantage of dislocations across asset classes, had a banner year in 2022.
Some of the biggest investors in US commercial real estate are looking to cash in before property values slide further.
We believe it is important to keep you informed on the latest proposals and regulations impacting the retirement industry, as well as implications to your business.
It is a challenge to design a website that addresses the needs and questions of multiple client types.
It's easy to take the wrong signal from recent market strength.
For the past few years, regardless of price, there's been a buyer for every RIA seller. But that won’t continue.
As a financial coach whose mission is to talk fee-only advisors “off the fence” of procrastination, I frequently answer two questions.
Let me share a story of an RIA who will be forced to mount a legal defense because of a lawsuit that is likely to be filed by two of his retired clients.
Many older workers who left the workforce during the pandemic may not return to the labor market.
The team at Infrastructure Capital Advisors provides key insights and advice on current market conditions and economic outlook for this month and the coming months.
Morningstar’s latest research showed higher safe spending rates across all asset allocations over all time horizons. I don’t agree with those results.
The Federal Open Market Committee’s 12 voting members differ on where they think interest rates should go this year. But we know they’re unanimously against cutting rates until at least 2024—or at least they were as of December, according to that meeting’s minutes.
The omnibus spending bill puts our retirement system on an even less sustainable basis.
Welcome to tax season, TikTok edition.
The 68-year-old retired landscaper first started investing in Tesla Inc. in 2012 after hearing about Elon Musk, who wasn’t nearly as famous at the time.
Current federal monetary policy, fixed income returns and economic landscape appear to closely parallel the bond bear markets in the 1990s.
The California Public Employees’ Retirement System is making a $1 billion wager that small private equity firms without the heft of the biggest buyout institutions can boost the pension giant’s returns and clout.
Can you believe these grifters hawking indexed universal life (IUL) insurance on TikTok? Here’s the actions I’m taking to put an end to this predatory nonsense.
We've updated our monthly workforce analysis to include the latest Employment Report for December. The unemployment rate dropped to 3.5%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 223K.
Probability-based retirement income strategies are highly sensitive to the capital market assumptions used in Monte Carlo analysis. Seemingly small changes in those assumptions can mean the difference between projecting a comfortable lifestyle and financial ruin.
Tight monetary policy and rising government debt will drive a regime of high interest rates, depressing stock prices and destroying the wealth of clients, most severely those at or near retirement.
Let's take a closer look at this week's employment report numbers on Full and Part-Time Employment.
Commodities may seem like just another one of the bunch, but these products offer a unique way to invest your money in the market.
Consumption smoothing, the idea that individuals should budget to match savings and spending over their lifetimes, has been the subject of vast academic research. But a new study challenges basic assumptions and illustrates the divergence between financial theory and practical experience.
For many investors who started their investing journey following the financial crisis, forward returns will be disappointing compared to the last decade.
Welcome to 2023. It’s Forecast Season on Wall Street, the time when everyone tells us what to expect for the new year. Do they really know? Of course not. Forecasters don’t know, investors know they don’t know, yet we all go through this exercise anyway.
Build your ladder with multiple target-maturity ETFs representing different segments of the bond market, with different target years.
Making the most of a bonus is always important, but 2022’s payout feels even more precious. Many workers, especially in finance and technology, are likely to see slimmed-down bonuses. Amid economic uncertainty, maximizing those dollars is crucial.
There's only one thing you really need to know about investing in 2023, and it's both stunningly obvious and invariably forgotten: There's no free lunch.
After the biggest loss for 60/40 portfolios since the global financial crisis, better days may lie ahead for the trillion-dollar complex of balanced investment strategies.
Inflation was the bogeyman of 2022.
Let's examine the three paths the Fed might take in 2023 and what they mean for stock prices.
As we talk with and counsel our clients, they need to have the right emotional attitude about money and investing. And most of those attitudes center on concepts that are central to both investing and life in general.
While remote work trends have persisted, recent data released by the US Census Bureau showed that more people were going back to the office in 2022 than in 2021 — yet the great southern migration hasn't slowed.
In the first few days of 2023, at least 500 US workers will likely have already paid their Social Security taxes for the year.
In some ways, the 2023 economic outlook for the US is locked in. The Federal Reserve’s goal is to push the rate of inflation back down to 2% over the next few years.
This past year was disappointing for stock and bond investors. The real 25% loss in stocks was in the bottom decile and the real 20.3% bond loss is the worst in the past 97 years. Greater losses lie ahead.
An OCIO can deliver vastly expanded investment capabilities while seamlessly alleviating the burden of investment infrastructure, operations back-office, and administrative tasks, freeing up advisors’ time for vital client-facing and relationship-building activities.
Relative to the accumulation phase, strategies that mitigate the unique risks faced by retirees in decumulation are less understood and researched. By identifying and illustrating those risks, planners can better prepare clients for retirement.
Billionaire philanthropist Chuck Feeney is credited with saying, “I want the last check I write to bounce.” While that is ideal, it’s unrealistic. Or is it?
Contrary to what financial theory predicts, new research from Europe shows that the elderly accumulate assets later in life than expected, likely because they want to leave bequests, are receiving pensions, or are reluctant to part with assets such as their homes.
Tesla Inc. is expected to announce record quarterly deliveries in early January but that may not be enough to satisfy investors as the electric-vehicle leader grapples with inflation, rising interest rates, crimped production in China and concerns about softening demand.
Washington Policy Analyst Ed Mills outlines key components of the new legislation.
The Aiguille du Midi, neighboring popular Mont Blanc in the French Alps, is famous for having the highest vertical ascent cable car in the world, a vertigo-inducing ride that is equal parts scary and awe-inspiring.
Wealthy retirees seem to have scored big in Congress’ sweeping year-end spending package.
It’s hard to believe that the post-Covid world at one point was supposed to usher in a new consumer-led boom worthy of the “Roaring Twenties.”
Bear markets end with widespread capitulation while a chorus of the stock trader’s prayer (God, if you get me out of this mess, I swear I will never buy another stock) spreads through out the land.
Congress is on the verge of passing a bill called SECURE 2.0 to help American workers save for retirement.
The market dislocations and skyrocketing inflation of the last year put longstanding retirement maxims to the test and that test isn’t over yet.
Managing your portfolio has more to do with gardening than you might imagine.
Great articles don’t always get the readership they deserve. We’ve posted the 10 most-widely read investment, planning and practice management articles over the last two days. Below are another 10 that you might have missed, but I believe merit reading.
As is our custom, we conclude the year by reflecting on the 10 most-read practice management articles over the past 12 months. Tomorrow, we will highlight the 10 best articles you probably missed.
As is our custom, we conclude the year by reflecting on the 10 most-read investment and planning articles over the past 12 months. Tomorrow, we will highlight the 10 most-read practice management articles.
Private credit can be an attractive asset that has provided high yield and protection against the risks of rising inflation. In addition, the asset class has a strong credit history – specifically senior, secured, sponsored debt.
Here are nine tips that will help your family members stay healthy and financially secure as they age.
Here’s how advisors can deliver massive value using “buckets” and “guardrails” to empower clients to act during times of economic turmoil.
Allan Roth’s recent article, The 4% Rule Just Became a Whole Lot Easier, promises too much, makes inaccurate comparisons and blurs the notion of risk.
The economics teams looks back at the most significant stories we covered during 2022.
The Fed has massively inverted the yield curve. We explain why investors might be frontrunning themselves and why the long-term rate won’t budge.
Here’s a breakdown of the pros and cons of trading in your traditional bank for a virtual banking experience.
Structurally tight labor markets are providing support for tighter monetary policy, but the Fed may be fighting an uphill battle.
“I have never seen so much bearishness in the market,” Jeremy Siegel said, “which is a great sign for stock investors.”
I will use an example and an actuarial model to compare the efficiency of three strategies for strengthening a retired or near-retired client’s balance sheet under both a lower and a higher assumed future inflation scenario.
Retirement Income
How the Greatest Female Poker Player Reduces Risk
Annie Duke’s latest and best of her books, Quit, is on making decisions under uncertainty.
The Big Four: Real Personal Income in December
Personal income (excluding transfer receipts) in December rose 0.27% and is up 5.3% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) MoM was up 0.21% and was up 0.3% year-over-year.
Why Have Equal-Weighted Portfolios Outperformed the Market?
Equal-weighted portfolios have long outperformed cap-weighted funds. Conventional wisdom is that was because of the small-cap factor, but new research shows more is at play.
Real Disposable Income Per Capita Continued to Inch Up in December
With the release of Friday morning's report on December's personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. At two decimal places, the nominal 0.22% month-over-month change in disposable income comes to 0.17% when we adjust for inflation. This is a decrease from last month's .28% nominal and 0.18% real change. The year-over-year metrics are 2.71% nominal and -2.20% real.
Panasonic Sees Potential for Another EV Battery Plant in US
Elon Musk’s response to wavering demand and recession risk is pretty clear: slash prices, keep increasing capacity and try to continue growing even if it means sacrificing profit margin in the short term.
An Uncommon Approach to Implementing Multiple Niches
Here are six steps to implement multiple niches, bring in new clients, and accelerate their growth goals.
Charitable Giving, Looking Back and Forward
Donors were again very generous in their support of their favorite charities in 2022 despite inflation and poor performance across the financial markets.
Looking for Inflation Reduction Act Rebates to Go Green? Get Ready to Wait
For Americans with a New Year’s resolution to trade in their gas furnace or water heater for climate-friendly heat pumps, a word of caution: Generous Inflation Reduction Act rebates for home electrification took effect on Jan. 1, but they won’t actually be available to homeowners until year’s end or 2024 at the earliest, according the US Department of Energy.
How Does Donating to Charity Reduce Taxes?
Here’s an article to help clients better understand the tax benefits of charitable contributions.
Popular 401(k) Funds Rebound After Tanking in 2022
Checking your 401(k) account balance is a little less painful these days.
Big Banks Told to Phase Out Financing of New Fossil-Fuel Projects
Six Wall Street banks are being pressed by a group of shareholders to move faster on reducing their financing of fossil fuels to meet global climate goals.
How To Make 2023 The Best Year Ever
Here are the three ways to get 2023 off to a great start so you can deliver even more massive value than ever before.
In Defense of Millennials
Older advisors need to step aside and make room for the up and comers.
A Charitable Way to Beat Taxes in the Afterlife
COVID-19 has been a catalyst for change in many aspects of our lives, not least the migration to flexible working, which would have taken many more years without the pandemic’s brutal intervention.
From Inflation Reduction To Trade Friction
America's subsidies for domestic EVs have created new tensions with Europe.
After a Timeout, Back to the Meat Grinder!
The first and easiest leg of the bursting of the bubble we called for a year ago is complete.
Creating a Plan for Long-Term Care
Two major issues clients should consider in creating their own long-term care plan are where they will live and how they will pay for the care they are likely to need.
How to Save for Retirement by Paying Down Your Student Loans
Paying down student debt or saving for retirement can seem like mutually exclusive goals. A little-known workplace benefit could soon allow more workers to do both.
Where Rich Americans Give the Most to Charity
To determine the places where affluent Americans give the most to charity, we compared 384 metro areas.
Why I’m Waiting for the Fed to Pivot
So far, my 2023 investing looks just like 2022: lots of waiting.
What the US Debt-Ceiling Battle Means for Your Money
Treasury Secretary Janet Yellen has declared that the US has hit its federal debt limit, kicking off an intense political battle that puts the global financial system at risk.
Middle-Class Hourly Wages as of December 2022
I've updated this series to include the December release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $47,438, down 8.6% from 45-plus years ago. Hourly earnings are below their all-time high after adjusting for inflation.
Quarterly Letter – January 2023
Jeff and Ron Muhlenkamp review what happened in 2022 regarding inflation, interest rates, the housing market, supply disruptions, energy problems, and foreign currency turbulence.
Boost workers' investment confidence and help meet retirement plan goals
Advice boosts workers’ confidence in choosing investments—from 35% to 65%. Learn how our industry-leading asset allocation expertise can help participants make investment choices with more confidence and help employers reach their plan goals.
Will Your Clients' Retirement Resources Cover Long-Term Care?
The greatest financial risk for depleting retirement resources is an unexpected and lengthy stay in a long-term healthcare facility.
The Deficit is Not the Debt
Reducing the U.S. deficit is praiseworthy. How was that accomplished in 2022?
Macro Hedge Funds Had a Banner Year. Can They Stage an Encore?
Macro hedge funds, which look at economic trends and take advantage of dislocations across asset classes, had a banner year in 2022.
Investors Seek to Pull $20 Billion From Core Real Estate Funds
Some of the biggest investors in US commercial real estate are looking to cash in before property values slide further.
US Retirement Legislation and Regulation Bulletin: Fourth Quarter 2022
We believe it is important to keep you informed on the latest proposals and regulations impacting the retirement industry, as well as implications to your business.
Design Your Website to Appeal to Multiple Audiences
It is a challenge to design a website that addresses the needs and questions of multiple client types.
Areté Market Review Q422: Cash is King-ish
It's easy to take the wrong signal from recent market strength.
A Sale Can Enhance a High-Performing Growth Culture
For the past few years, regardless of price, there's been a buyer for every RIA seller. But that won’t continue.
The Two Client Questions Advisors Must Be Able to Answer
As a financial coach whose mission is to talk fee-only advisors “off the fence” of procrastination, I frequently answer two questions.
Will RIAs be Liable for Failed Retirement Income Planning?
Let me share a story of an RIA who will be forced to mount a legal defense because of a lawsuit that is likely to be filed by two of his retired clients.
Content in Retirement
Many older workers who left the workforce during the pandemic may not return to the labor market.
October 2022 Market & Economic Outlook Report
The team at Infrastructure Capital Advisors provides key insights and advice on current market conditions and economic outlook for this month and the coming months.
Challenging Morningstar’s Safe Withdrawal Rates
Morningstar’s latest research showed higher safe spending rates across all asset allocations over all time horizons. I don’t agree with those results.
The Punchbowl Is Gone
The Federal Open Market Committee’s 12 voting members differ on where they think interest rates should go this year. But we know they’re unanimously against cutting rates until at least 2024—or at least they were as of December, according to that meeting’s minutes.
Unsecure
The omnibus spending bill puts our retirement system on an even less sustainable basis.
Tax Season Gets a Gen Z Revamp on TikTok
Welcome to tax season, TikTok edition.
Elon Musk Fan With 2,900% Gain Sees $1.5 Million Wiped Away
The 68-year-old retired landscaper first started investing in Tesla Inc. in 2012 after hearing about Elon Musk, who wasn’t nearly as famous at the time.
2023 Municipal Bond Playbook: A Page from the 1990s
Current federal monetary policy, fixed income returns and economic landscape appear to closely parallel the bond bear markets in the 1990s.
Calpers Makes $1 Billion Bet on Small Funds as New CIO Reshapes Pension
The California Public Employees’ Retirement System is making a $1 billion wager that small private equity firms without the heft of the biggest buyout institutions can boost the pension giant’s returns and clout.
Gimme a Break, Bro – Stop the TikTok Grifters
Can you believe these grifters hawking indexed universal life (IUL) insurance on TikTok? Here’s the actions I’m taking to put an end to this predatory nonsense.
A Sale Can Enhance a High-Performing Growth Culture
For the past few years, regardless of price, there's been a buyer for every RIA seller. But that won’t continue.
U.S. Workforce: December 2022 Update
We've updated our monthly workforce analysis to include the latest Employment Report for December. The unemployment rate dropped to 3.5%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 223K.
The Dangers of Monte Carlo Simulations
Probability-based retirement income strategies are highly sensitive to the capital market assumptions used in Monte Carlo analysis. Seemingly small changes in those assumptions can mean the difference between projecting a comfortable lifestyle and financial ruin.
Plan for More Wealth Destruction
Tight monetary policy and rising government debt will drive a regime of high interest rates, depressing stock prices and destroying the wealth of clients, most severely those at or near retirement.
Full-time and Part-time Employment: A Deeper Look
Let's take a closer look at this week's employment report numbers on Full and Part-Time Employment.
A Primer for Clients to Invest in Commodities
Commodities may seem like just another one of the bunch, but these products offer a unique way to invest your money in the market.
When is Consumption Smoothing a Good Idea?
Consumption smoothing, the idea that individuals should budget to match savings and spending over their lifetimes, has been the subject of vast academic research. But a new study challenges basic assumptions and illustrates the divergence between financial theory and practical experience.
Forward Returns Will Disappoint Compared To The Past Decade
For many investors who started their investing journey following the financial crisis, forward returns will be disappointing compared to the last decade.
Year of the Pause
Welcome to 2023. It’s Forecast Season on Wall Street, the time when everyone tells us what to expect for the new year. Do they really know? Of course not. Forecasters don’t know, investors know they don’t know, yet we all go through this exercise anyway.
How to Build a Bond Ladder Using ETFs
Build your ladder with multiple target-maturity ETFs representing different segments of the bond market, with different target years.
The Case for Putting Your Bonus Into a 401(k)
Making the most of a bonus is always important, but 2022’s payout feels even more precious. Many workers, especially in finance and technology, are likely to see slimmed-down bonuses. Amid economic uncertainty, maximizing those dollars is crucial.
The One True Secret to Successful Investing
There's only one thing you really need to know about investing in 2023, and it's both stunningly obvious and invariably forgotten: There's no free lunch.
Bonds to Stage Comeback as Hedge for Stock Losses, Investors Say
After the biggest loss for 60/40 portfolios since the global financial crisis, better days may lie ahead for the trillion-dollar complex of balanced investment strategies.
The January Inflation Bump Americans Should Welcome
Inflation was the bogeyman of 2022.
Three Paths for 2023
Let's examine the three paths the Fed might take in 2023 and what they mean for stock prices.
Financial Advisors or Life Coaches? Why Not Both?
As we talk with and counsel our clients, they need to have the right emotional attitude about money and investing. And most of those attitudes center on concepts that are central to both investing and life in general.
Why Millennials Are Following Boomers to the South
While remote work trends have persisted, recent data released by the US Census Bureau showed that more people were going back to the office in 2022 than in 2021 — yet the great southern migration hasn't slowed.
500 Reasons to Eliminate the Income Cap for Social Security Taxes
In the first few days of 2023, at least 500 US workers will likely have already paid their Social Security taxes for the year.
What Could Go Wrong for the Federal Reserve in 2023
In some ways, the 2023 economic outlook for the US is locked in. The Federal Reserve’s goal is to push the rate of inflation back down to 2% over the next few years.
2022 Stock and Bond Returns in a 97-Year Perspective
This past year was disappointing for stock and bond investors. The real 25% loss in stocks was in the bottom decile and the real 20.3% bond loss is the worst in the past 97 years. Greater losses lie ahead.
Rethinking the Traditional OCIO Model: A Guide for RIAs
An OCIO can deliver vastly expanded investment capabilities while seamlessly alleviating the burden of investment infrastructure, operations back-office, and administrative tasks, freeing up advisors’ time for vital client-facing and relationship-building activities.
The Four Unique Risks in Decumulation
Relative to the accumulation phase, strategies that mitigate the unique risks faced by retirees in decumulation are less understood and researched. By identifying and illustrating those risks, planners can better prepare clients for retirement.
Make that Last Check Bounce
Billionaire philanthropist Chuck Feeney is credited with saying, “I want the last check I write to bounce.” While that is ideal, it’s unrealistic. Or is it?
The Elderly Keep Accumulating Assets
Contrary to what financial theory predicts, new research from Europe shows that the elderly accumulate assets later in life than expected, likely because they want to leave bequests, are receiving pensions, or are reluctant to part with assets such as their homes.
Tesla Poised for Delivery Record Despite Demand Concerns
Tesla Inc. is expected to announce record quarterly deliveries in early January but that may not be enough to satisfy investors as the electric-vehicle leader grapples with inflation, rising interest rates, crimped production in China and concerns about softening demand.
How Does SECURE Act 2.0 Change Saving for Retirement?
Washington Policy Analyst Ed Mills outlines key components of the new legislation.
Zooming in on Fixed Income as We Head into 2023
The Aiguille du Midi, neighboring popular Mont Blanc in the French Alps, is famous for having the highest vertical ascent cable car in the world, a vertigo-inducing ride that is equal parts scary and awe-inspiring.
New Retirement Rule Delaying Withdrawals Could Bite
Wealthy retirees seem to have scored big in Congress’ sweeping year-end spending package.
The Roaring Twenties Are Now Over. Time to Get Real.
It’s hard to believe that the post-Covid world at one point was supposed to usher in a new consumer-led boom worthy of the “Roaring Twenties.”
The 70% Solution
Bear markets end with widespread capitulation while a chorus of the stock trader’s prayer (God, if you get me out of this mess, I swear I will never buy another stock) spreads through out the land.
SECURE 2.0 Act Still Leaves Holes in US Retirement Plans
Congress is on the verge of passing a bill called SECURE 2.0 to help American workers save for retirement.
Reflecting Back on a Testing Year and Looking Ahead to 2023
The market dislocations and skyrocketing inflation of the last year put longstanding retirement maxims to the test and that test isn’t over yet.
Why Gardening Can Help You Manage Your Portfolio Better
Managing your portfolio has more to do with gardening than you might imagine.
The Ten Best Articles You Probably Missed
Great articles don’t always get the readership they deserve. We’ve posted the 10 most-widely read investment, planning and practice management articles over the last two days. Below are another 10 that you might have missed, but I believe merit reading.
Our Top 10 Most Popular Practice Management Articles of 2022
As is our custom, we conclude the year by reflecting on the 10 most-read practice management articles over the past 12 months. Tomorrow, we will highlight the 10 best articles you probably missed.
Our Top 10 Most Popular Investing Articles of 2022
As is our custom, we conclude the year by reflecting on the 10 most-read investment and planning articles over the past 12 months. Tomorrow, we will highlight the 10 most-read practice management articles.
Private Debt Funds Offer Attractive Yield
Private credit can be an attractive asset that has provided high yield and protection against the risks of rising inflation. In addition, the asset class has a strong credit history – specifically senior, secured, sponsored debt.
Talking with Aging Parents about Health and Wealth
Here are nine tips that will help your family members stay healthy and financially secure as they age.
How Buckets and Guardrails Drive Value
Here’s how advisors can deliver massive value using “buckets” and “guardrails” to empower clients to act during times of economic turmoil.
The 4% Rule Did Not Become a Whole Lot Easier
Allan Roth’s recent article, The 4% Rule Just Became a Whole Lot Easier, promises too much, makes inaccurate comparisons and blurs the notion of risk.
Themes From A Busy Year
The economics teams looks back at the most significant stories we covered during 2022.
The Current Yield Curve Inversion, Explained
The Fed has massively inverted the yield curve. We explain why investors might be frontrunning themselves and why the long-term rate won’t budge.
Online Banks versus Traditional Banks: Which Is Best for Your Clients?
Here’s a breakdown of the pros and cons of trading in your traditional bank for a virtual banking experience.
Quiet Quitting? Quiet Firing? More Like Quiet Retiring
Structurally tight labor markets are providing support for tighter monetary policy, but the Fed may be fighting an uphill battle.
Jeremy Siegel: The Excessive Bearishness is Great for Equity Investors
“I have never seen so much bearishness in the market,” Jeremy Siegel said, “which is a great sign for stock investors.”
Three Strategies to Strengthen Household Balance Sheets
I will use an example and an actuarial model to compare the efficiency of three strategies for strengthening a retired or near-retired client’s balance sheet under both a lower and a higher assumed future inflation scenario.