Earlier this month, Gallup released data it collects concerning stock ownership in the United States. The data show that stock ownership among Americans is at its lowest point since Gallup began tracking the data in 1998 with just 52% of American’s surveyed claiming to either directly or indirectly own stock in a public company. Historical …
(Complete Show Notes Below) In the 38th episode of the Financial Procast: Coaching Clients on Retirement Income Planning a Problem for Advisors It seems that 40% of financial advisors surveyed are having difficulty with talking to their clients about retirement income planning. We wondered…why is it so hard. Well, for one thing the financial services …
(Complete Show Notes Below) In the 37th episode of the Financial Procast: Your 401k Statement Might Soon Tell You What Sort of Income Your Balance will Produce That’s right…a recent statement from the Department of Labor announced an advance notice of a proposed rule change that signaled they are considering a rule that might require …
Since I’m never really one to go with the flow, today I’ll hold true and bludgeon the sacred cow of all financial advice gurus—the IRA and the 401k. It’s not that I’m trying to be controversial or contrary to spite Dave and Suze. That’s just an added bonus. I am concerned about the conventional wisdom …
(Complete Show Notes Below) In the 32nd episode of the Financial Procast: Stockton, California Shifts the Paradigm for Muni Bond Safety You may have heard that Stockton, California has filed for bankruptcy protection in the last couple of weeks. What you probably haven’t heard much about is the battle that’s taking place in regard to …
Today I thought we’d discuss a rather mundane topic, the Family Limited Partnership but one that carries great significance nonetheless. I’m like everyone else I suppose in that I tend to lean away from some of the more heady topics that dig really deep into the nitty gritty of insurance/financial planning topics. Why? Well mainly …
Today, I’d like to respond to a clip from Dave Ramsey’s television show on Fox Business where he talks about life insurance as being “terrible” and how buying term and investing the difference is a better strategy than using any type of cash value life insurance. Just to clarify before I begin, I agree with …
(Complete Show Notes Below) In this 26th episode of the Financial Procast: Estate Planning-It’s Not Just for Rich People When’s the last time you reviewed your beneficiary designations on your life insurance policy(s), retirement accounts (IRA’s, 401k’s, etc.) and your will/trust/medical directives? If you’re anything like most of us, you’ve probably not re-visited your …
(Complete Show Notes Below) In this 25th episode of the Financial Procast: We’ve Got a Problem with the 401k I’m sure that all of our readers/listeners will get a huge shock from hearing/reading this statement. In previous episodes, we’ve sort of tip-toed around our dislike of the 401k. Today we just come out and …
Lots of agents learn very early in their career that a Modified Endowment Contract is a bad thing. Perhaps it’s because they hold the first-in-first-out and tax free via loan distribution privileges in such high regard that losing those benefits seems to kill the whole thing. I’ll admit that these benefits are certainly coveted and …
