Wealth: 1. an abudance of valuable material possessions or resources 2. abundant supply 3. a.) all property that has a money value or an exchangable value b.) all material objects that have economic utilty; especially: the stock of useful goods having economic value in existence at any one time. -Merriam-Webster Dictionary I had the opportunity to join Tim and Tom…
Abnormal Returns: Control What You Can And Let The Market Do What It Will “Leave the debate over returns assumptions to the politicians. Control what you can, let the markets do what they are going to do, and focus on the long run.” Morgan Housel via Collaborative Fund: The Thin Line Between Bold and Reckless “The hardest thing about studying…
I recently met with a young couple to begin working on their financial plan; their situation was not uncommon for my WealthFusion™ clients: dual income, adequate emergency fund, retirement savings going and a 529 plan started. My initial recommendations were typical for young parents: additional life insurance and wills were first up, followed by some tweaks to their current retirement…
A Teachable Moment: These Are Life, Really Bad Funds “It’s impossible to view financial services as a respectable profession with this deliberately convoluted and manipulative system in place. The reason: it is confusing and non-transparent to charge people unnecessary fees.” A Wealth Of Common Sense: Why You Should Be Working Less “If you’re constantly working you never have time…
“We never should have done it, and the regulators never should have allowed it,” Thomas McInerney, president and chief executive of Genworth Financial Inc. since 2013, says of the pricing strategy. “That’s crazy.” Over half of my clients fall into the Baby Boomer category, and over the years I’ve had conversations around long-term care (LTC) insurance with many of them. A few of them decided…
Well, it’s official: The DBA paperwork has been filed with the Secretary of the State of Indiana and approved, the ADV has been updated, and revamped logos are finalized–the change from RL Wealth Management to RLS Wealth Management is complete. And with no more plans to add to our family, there will be no more rebranding. Who knew all of…
A Wealth Of Common Sense: 10 Things Investors Can Expect in 2018 “I have no idea what’s going to happen — in world events, politics, or the market — in 2018 (and neither does anyone else). This baked in uncertainty is what makes the financial markets equal parts maddening and fun to prepare for.” Morgan Housel via The…
We had a snow day today, so Roman, Leo and I made a special trip to the office to record today’s Whiteboard Series video; I’ve been busy getting the podcast up and running that the Whiteboard Series was put on the backburner, but it’s back now. This Whiteboard’s topic, the CAPE ratio may not be a familiar metric for most,…
“Diversification means always having to say you’re sorry.” -Michael Kitces (I’m not sure of the origin, but I heard it from Michael, so he get’s the credit) Financial advisors who have had to apologize for keeping their clients disciplined and in a globally diversified portfolio can breathe a little easier after 2017. It was in 2017 the international markets finally…
In the third episode of All About Your Benjamins The Podcast I am joined by Kyle Moore, CFP® of Quarry Hill Advisors to discuss the impact of the most recent tax bill, especially the impact on young professionals and Millennials–don’t worry, we keet politics out. We also discuss his path to starting his own Registered Investment Advisory firm, his stint…