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Is Robo-Advising the way of the future?

What is Robo-Advising? From Widipedia: “Legally, the term “financial advisor” applies to any entity giving advice about securities. But most robo-advisors limit themselves to providing portfolio management (i.e. allocating investments among asset classes) without addressing issues such as estate and retirement planning and cash-flow management, which are also the domain of financial planning.”   So, […]

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unclaimed property

How safe is your IRA? Not from the markets, but from the State!

I discussed how inheritances can go amuck and the heirs don’t get the inheritance – the State does. This can happen while you’re still alive too! Did you know that the State can claim your IRA (or any account for that matter) due to inactivity?   A couple of articles to drive the issue home: Protect client […]

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DOW 20,000 … the more things change, the more they stay the same!

DOW 20,000. Is that good? Or is that bad? Guess what – this is simply another way point much like DOW 15,000 was, or DOW 10,000, or pick any DOW number. The Power of the Markets Markets don’t know your specific emotions and behaviors – so the markets march on ignoring them. It is best […]

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Rent vs Buy? What are the considerations?

Before you consider obtaining more debt for a mortgage, how much mortgage should you get? Lenders look at what is called your debt-to-income (DTI) ratio (with target ratio percentages). So what is your DTI ratio? This calculator determines your DTI for you and also discusses the various considerations debt may have. Both sites above help […]

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wealth poverty and politics

Wealth, Poverty and Politics: An International Perspective by Thomas Sowell

“Wealth, Poverty and Politics: An International Perspective” by Thomas Sowell is a great read for deeper insight into what may cause inequality and how that may even be defined in the first place. In plain English, Sowell discusses how wealth and income was distributed differently in times past. For example how ancient Rome far exceeded […]

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Reverse Mortgages

“What’s the Deal with Reverse Mortgages?”

On occasion I change my mind on a topic when the facts have changed. Reverse Mortgages are in that category. The program has undergone many improvements as a result of the Reverse Mortgage Stabilization Act of 2013. Home Equity Conversion Mortgages (HECM) are called Reverse Mortgages for short. “HECMs help seniors remain financially secure by […]

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Where did retirement at 65 come from?

Where did the idea of retirement at age 65 come from? Retirement is really a 20th Century concept since people worked on their farm until they passed away. “The story of retirement is ultimately a history of trends in labor force participation of older men (since women only entered the workforce in large numbers in […]

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How do markets work? A Simple Explanation.

Market equilibrium from Better Financial Education   Note: Your RSS feed or email may not show the embedded part of this blog … please go to the blog  to be able to read the complete post. (Note: if you’re on the home blog page please click on blog title to go to the blog post […]

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financial-well-being

Financial Well-Being … what’s that?

No surprise, what the financial industry thinks is financial well being is quite different than what people think it is. On the surface, one would think everybody thinks of financial well-being the same. However, the industry tends to tilt the perception towards goals and/or products towards those goals. But, according to the Consumer Financial Protection […]

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