Last week, I talked about the fear that financial planners have of being shoved out of our careers by robo-advisers. This is kind of funny because the other gloom and doom projection for my industry is that we are woefully short of financial planners. So, which is it? Let’s take a look. According to an…
It’s my passion. I know I should be excited to be quoted in this piece from CNN Money – and I am. But what I’m REALLY excited about is that they’re asking a question that relates to one of my favorite pastimes. Consignment clothes shopping. Yes, whether it’s in a meeting or walking down…
A hot topic among my financial planner friends these days is whether we will all be unemployed by the advent of robo-advisers. Will machines take over financial planning where humans were once needed? Is all technology an advancement? Like all technology disruptions (Uber to taxis, Amazon to physical stores, Microsoft Word to steno pools),…
From Investopedia I’m a 26-year-old professional with a 401(k), a Roth IRA, and a non- retirement account. I contribute enough to my 401(k) to get my employer’s match, and I try to max out my Roth IRA every year. But of those three accounts, where should my extra income be going? I’m not sure what’s…
Where did the time go? Yep, it’s the end of July, and the back-to-school sales are ramping up. If you’re like me, you hate this kind of shopping. So I was delighted when, about 5 years ago, my son’s school offered Edu-Kits – everything required by the school in a box delivered to the…
When shopping for a home, it can be exciting to hear how much a bank is willing to lend you. But homeowners, especially first-time homebuyers, need to be cautious about maxing out that loan. NBR asked several financial planners their opinions and advice on how to wisely go into purchasing a home. From NBR …
What’s the difference? Often people need help deciding whether to save for retirement in a Traditional or Roth-type of account; another way to put that is do you want tax-free or tax-deferred? This question can come up when you are signing up for your retirement plan at work or when you are deciding to…
It seems that more and more people are getting vocal about politics these days. So, when Investment News asked several financial advisers their opinion on politics and financial planning, I was only too happy to contribute. The story Politics, in general, and President Donald J. Trump, in particular, have become hot-potato topics that most financial…
Do all financial advisers have your best interests at heart? By now the long-awaited, much-debated Fiduciary Standard has been implemented. Kind of. Ish. After lots of pushback from some parts of the financial planning industry and the new powers in Washington, members of the financial services community now have to put their clients’ interest above…
Don’t do it…. Okay, I didn’t meant that title the way it sounded (although I do know a few couples who probably wish they weren’t retired together). By saying you shouldn’t “retire together” I mean you probably shouldn’t retire at the same time. At least that was my advice when Investopedia asked me about…
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