Author Archives: David
Nice summary of how advisors get paid
Nice summary of how advisors get paid Nice summary of how advisors get paid, via Financial Ducks In A Row (Jim Blankenship). Discusses commissions, fee-based and fee-only.
Forbes: 7 Questions To Test Your Financial Literacy
Great, short, informative article. I can’t tell you how many times I run into #3 and have to explain the difference between a container and what one puts into a container. And, given where I live and work, how many people have *way* too much tied up in company stock (#5), and often it’s in […]
John Steele Gordon on the Carried Interest Loophole
The always-worth-reading John Steele Gordon, on the absurdity of the carried-interest tax loophole (which mainly benefits hedge-fund managers): <http://online.wsj.com/article/SB10001424127887323415304578370910199546982.html?mod=ITP_opinion_0> He also describes a bit of the way hedge fund managers are paid. What isn’t mentioned is that the investors themselves are often getting fleeced, too. Recently we’ve seen how some of these funds end up […]
How to Save More For Retirement Without Really Trying
Today’s column from the excellent Jason Zweig: http://online.wsj.com/article/SB10001424127887323361804578390313278109482.html?mod=djintinvestor_t How to Save More For Retirement Without Really Trying [Click the link above to read the entire article] A highlight or two: • When people want to save but can’t bring themselves to do it, their retirement funds need to do the saving for them—automatically. • At companies that […]
Five Signs You Picked The Wrong Financial Advisor
Follow this link to <http://www.businessinsider.com/5-financial-advisor-red-flags-2013-3> Five Signs You Picked The Wrong Financial Advisor by Libby Kane at LearnVest (with a couple of quotes inside from another LearnVest advisor). The article definitely favors Fee-Only and CFP advisers. Naturally, that resonates with us here at Meyers Wealth Management, as that describes us exactly. But just because we […]
Sally Krawcheck: The 5 Real Reasons to Hire a Financial Advisor
From her article posted on LinkedIn – http://www.linkedin.com/today/post/article/20130326054847-174077701-the-5-real-reasons-to-hire-a-financial-advisor Summary follows. Please visit the site to read the actual article. She adds important details. 1. Press you to answer questions you don’t want asked 2. Put together a financial plan 3. Identify risks in your portfolio that you might look right past 4. Talk you through […]
The 4% rule and its failings
The 4% rule and its failings There are plenty of articles about shortcomings of the 4% rule – which is still a great *starting point* if not a real plan. The WSJ brings up a few alternatives to help overcome the problems with the 4% rule: http://online.wsj.com/article/SB10001424127887324162304578304491492559684.html?mod=googlenews_wsj Some of the adjustments/alternatives discussed: (1) using […]
Buy, Hold, and Rebalance
Rick Ferri, kind of a broken record, but at least it’s stuck on a great song — on buy/hold/rebalance. (His other “greatest hit” song is that one about low-cost, index-based, passive investments) http://www.rickferri.com/blog/investments/a-balanced-portfolio-for-a-balanced-life/ Many financial pundits criticize a balanced approach. They say a buy, hold and reliance strategy is simple-minded and a relic of the […]
From American Public Media (NPR) – Explainer: how to choose a financial planner
From American Public Media (NPR) – Explainer: how to choose a financial planner “Fee-only advisers are a bit like the Holy Grail of financial helpers. There aren’t that many of them out there, and they can be tough to find.” Unfortunately, I find that the article was too short to be very helpful, and that […]
Great explanation of the ObamaCare taxes kicking in
Great explanation of the ObamaCare taxes kicking in Two new taxes which are part of the Patient Protection and Affordable Care Act of 2010 (PPA, also called ObamaCare) have taken effect as of January 1. The first is the new 3.8% Medicare “surtax” on investment income. Until recently, while investment income was subject to either […]
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