A client recently told me that his CPA was “suspicious” of investment advisers who also sell insurance and investments (in other words, me). I could understand that suspicion (that is, superstition) if the “product” were shampoo or pharmaceuticals, for example. But as my first post on this subject proved, the manner in which an adviser […]
Myth- Fee-only advisers are always better. Part II Read More »
I have already given you the history of how paper fictions- corporations -came to acquire human rights intended only for living, breathing human beings (see the 11/9/09 post). Now, in a radical departure from 100 years of legal precedent, the Supreme Court has given corporations and unions virtually unlimited power to interfere in elections. So
Supreme Court Myth: Now my chickens can vote Read More »
Normally, that is true. Most- and I use that word accurately -investors create the illusion of asset diversification by having multiple fund companies or even multiple IRA custodians. But there is so much overlap that the whole shebang is at risk anyway: twenty virtually identical large cap funds held by 5 different fund families still
Myth: It’s Always Best to Consolidate Your IRA Accounts to Lower Fees Read More »
I got a nasty and obtuse letter from a California attorney threatening all kinds of things if I didn’t stop using the name “Silver Sage Advisers”. My doing so would apparently cause great harm to his client, who doesn’t even do business in Oregon under that name. Not really caring one way or the other,
New Company Name- this is not a myth Read More »
href=”file:///C:%5CUsers%5Cgduell%5CAppData%5CLocal%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_filelist.xml” rel=”File-List”> 20 years ago I and my industry hounded everyone to defer as much income as possible to retirement because one’s income would be less and tax rates lower. Then 10-12 years ago I advised “tax diversification”, half your retirement money should be taxable, half tax-free. That way if your savings plans were successful,
Avoid the most dangerous “predator” of your retirement funds Read More »
Thom Hartmann posted this Walter Conkite quote:“America’s health care system is neither healthy, caring, nor a system.”How did it get this way? Well if you’re looking for places to lay blame, go no further than the railroad companies, J.C. Bancroft Davis, and a careless (or corrupt) Supreme Court in the 1886 U.S. Supreme Court case
Myth: Our Health Care System is what Americans want Read More »
As we live longer and longer, the uncertain and usually untold story about quality of life needs to be looked at. The number one cause of debilitating but not immediately fatal conditions such as arthritis, dementia, heart & respiratory decline is longevity. How is this affecting us as families, communities and a society? How will
Myth: The Government Will Take Care of Me Read More »
S. 1796, the 1,502-page America’s Healthy Future Act bill (aka the Baucus Bill) has been excreted from the Senate Finance Committee. And the hysteria about its length has already begun. Oh my, the table of contents alone is over 12 pages!What you will not hear, however, is that all such bills are issued in “markup”
Don’t listen to the hype about the Baucus Bill Read More »
I circulated this article in one of my client e-letters back in April. I still contend that it is a myth that our economy will “recover”, whatever that means. The key idea here is WE DON”T WANT IT TO GO BACK TO THE WAY IT WAS. Our economy was (and still is to a large
The Economy is Recovering Read More »
Dear readers,How advisers are paid is no guarantee of honesty. Often it is a good sign if a fee-based planner doesn’t charge you a fee. Most of the best financial products pay commissions because the best companies recognize that advisers add value in screening and recommending financial alternatives for their clients. That’s why I usually
Myth: Fee-only advisers are always better Read More »