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Financial Planning versus the Robo-Advisors

It seems that every day there’s another headline or article about the rise of the Robo-Advisors. And it seems a common myth discussed in these articles is that these online investment advisory services are a growing threat to the business of personal human-provided financial advice. What it really comes down to is what, exactly, one Read more

October 31, 2014
2015 IRA, 401(k) and other retirement plan contribution limits announced

By law certain retirement plan limits get adjusted every year, not exactly tracking inflation (i.e., not by the CPI) but rather in “chunks” which approximate it. For 2015, the following limits have been announced: IRA Contributions (combined limit across Roth and Traditional): $5,500IRA Catch-Up Contributions (for folks over 50): $1000[Both unchanged from 2014 and, actually, Read more

October 27, 2014
A Few Points about Delaying Social Security, and about Spousal and Ex-Spouse Benefits

This started out as “A Few QUICK Points…” but unfortunately, Social Security is just too complex for almost anything to be “quick” about it. [For the sake of simplicity, we will assume for the rest of this article that “full retirement age” is 66 — which is actually the case for folks born between 1943 Read more

October 7, 2014
Should retirees keep their life insurance?

I recently came across a brief video on a financial planning website (meant for advisors, not our clients), and it was supposed to explain to us 5 reasons why retirees might want to keep their life insurance. I went to watch this video very openly and honestly. There certainly are circumstances where some small subset Read more

September 12, 2014
How Advisors Lure Federal Workers Out of Low-Fee Retirement Plans

A very interesting article came out today on Financial Planning <http://www.financial-planning.com> regarding the treatment of former employees of the Federal government by the investment management industry. The article in question, should you be interested in reading it: <http://www.financial-planning.com/news/regulatory_compliance/how-advisors-lure-federal-workers-out-of-low-fee-retirement-plans-2690130-1.html> Some background: The Federal government runs a retirement savings program which is basically the same Read more

August 14, 2014
Inflation and the Price of a Burger

In a pair of recent discussions, the issue of inflation has come up. In one, someone mentioned that he’d thought that recent inflation was worse than “official” numbers – and the example he gave was how he’d noticed how expensive meat was at the supermarket. And in another, a question arose regarding how well one might Read more

July 6, 2014