Retire Broke

Summary If you think the current retirement crisis is a problem, just wait. There is no optimal solution yet to the problem the Gen Alphabeters are facing. The YOLO lifestyle becomes the YOOT lifestyle.  You Only Live Once=You’re Out Of Time. A couple years ago...

4 Habits for a Financially Healthy Horse Owner

By Jennifer Reddinger Wolfe Before Germany’s native Karl Friedrich Benz introduced the first automobile between 1885-1886, just about every household owned a horse. Car ownership was a luxury. Skip forward a century later, just about every household owns at least 1...

HOW DO YOU QUANTIFY THE VALUE OF ADVICE?

The DOL Conflict of interest/Fiduciary rule came and went. The SEC is fussing with a “Best Interest” rule. So, it got me thinking (always a dangerous thing). The IRA Rollover (from a 401k) business is not dead, but the regulators missed the boat here. Financial...

Don’t Chase Millennial Assets, Part I

Summary They don’t have any. They are already debt laden. And that goes for Gen X, and even Gen Z. Millennials: The youngest M is 13; The oldest is 36. (BD 1982-2005), and they are head over heels in debt. The average Millennial salary is $35,592. Forbes...

Financial Rock and Roll: “That’s What I Want”

By John Lohr When one speaks of investors—individuals, not banks or institutions—there is usually a distinction made between the so-called “Mom and Pop” investor (typically best served by choosing relatively low-risk investments), and the so-called “High Net...