Know Your Greatest Risk

What is your most valuable asset? Your business? Your house? Your investment portfolio? The pile of gold buried in your backyard? What would you guess? If you guessed anything tangible, you guessed wrong. Your most valuable asset is what economists call your human capital. This is the sum total of the skills knowledge and wisdom you possess which you then …

Protecting seniors from predatory practices

Chances are, you are over 65, have a loved one over the age of 65, or both. Financial services firms are targeting older Americans because of the tremendous opportunity they represent for these firms. Older Americans control record amounts of wealth in the United States and where there is bait, there will be sharks. Regulators are particularly concerned about predatory …

The Need For Financial Education

I write a lot about the need for financial education – not surprising given I am in the financial education business! The Employee Benefits and Research Institute (EBRI) published an issue brief this month which looks at how new retirees are doing financially in retirement. The study finds that many Americans age 65 – 75 appear to be starting off …

Options Find a Place in Retirement Accounts

The traditional view of options can best be summed up in one word – risky. That has always frustrated me, mainly because it is such a persistent myth. Options can be risky, particularly when they are used to place a bet on the future direction of price. If that’s what you want to do, why don’t you just go to …