142 How It Should Be Interpretated

How It Should Be Interpretated

To those in our audience who have reached out to us and let us know more of what you'd like for us to discuss on the Finanical Procast, we thank you. And for those of you that have not let us know what you'd like to hear us discuss, please don't hesitate to do so, we are open and willing to entertain just about anything as it relates to the world of finance.

We record this show every week for the benefit of those in our community and it always helps to know more of what you'd like for us to discuss.  

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401k’s Aren’t the only Retirement Plan that can Leave you High and Dry

Arent the only Retirement Plan that can Leave you High and Dry

We’ve definitely not shown a lot of love and admiration for the old 401k Plan around here. While  there may be circumstances where contributions to a 401k make sense (though relatively few circumstances) we would be remiss not to point out that 401k’s and their sister products (e.g. 403b’s, 457’s, etc.) aren’t the only wholesale retirement product that can let you down.

No, I’m afraid one of the most respected retirement vehicles that many would love to see gain a resurgence in the employee benefits market place can also be just as disappointing for a number of reasons. I’m talking, of course, about traditional pension plans.

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Ted Benna: The 401(K) Giveth and Taketh away

The 401(K) Giveth and Taketh away

By all accounts Ted Benna should be heralded as an American hero. But I’m willing to bet most of you have never heard the name. Ted is credited as being the guy who created a financial tool that reformed personal finance throughout the last three decades and made more Americans members of the stock investing society than any other financial tool ever created.

However, Ted is rather ho hum about his creation these days. Noting that it’s largely an unwieldy beast that has taken a form he never intended, and the only way to fix it—in his eyes—is to blow it up and start over again with something completely different.

And what was it that Mr. Benna created that has veered so hopelessly off track that it cannot be repaired?

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070 The Government Is Paying Us to Make This Podcast

070 The Government Is Paying Us to Make This Podcast

Happy New Year to all of those who've stopped by the Insurance Pro Blog on the first day of 2014!  We're busy making plans for the new year as you read this on our never ending quest to bring our community greater value this year than we have in the past.

If there's something you'd like for us to cover in an upcoming Financial Procast or as a topic on the Insurance Pro Blog, please let us know as our suggestion box is always open.

Now, on with today's episode:

It seems that really bad financial advice is never in short supply. So, a few weeks back Brandon and I began to have a conversation surrounding this very topic (imagine that?) and we began to ponder–what is the root of all this bad advice?

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057 Benmoosh the Doosh

057 Benmoosh the Doosh

(Complete Show Notes Below)

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In the 57th episode of the Financial Procast:

Looks Like Some High Speed Traders Might be Too Speedy

Have some high speed bond traders really defied the laws of physics?  Evidently, a couple weeks ago right on the heels of the Federal Reserve announcement some traders seem to have been able to react a  little too quickly.

Yes, it appears that some traders were able to place certain trades about 5 milliseconds faster than normal.  We're not sure exactly how one would be able to measure that sort of thing, however, the fact that algorithms are frequently used by sophisticated traders should indicate that any thing is possible nowadays.

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048 How to Get 14,000% On Your Money

048 How to Get 14,000% On Your Money

(Complete Show Notes Below)

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In the 48th episode of the Financial Procast:

Letter to 6,000 401(k) Sponsors Causes a Stir

Yes indeed…there are a great many financial advisers who are running around with their hair on fire after many of their plan sponsor clients received letters from Ian Ayres, a Yale Law School professor, stating that the 401k plans they are responsible for monitoring/controlling are a bit heavy on the expenses.

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Be careful how you save—Your IRA and 401k may be a trap

Be careful how you save—Your IRA and 401k may be a trap

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 that says the IRA (both traditional and Roth) and the 401k are the best ways to save for retirement. In fact, these sorts of qualified plans could trap you and really put a squeeze on your retirement plans.

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