Just to be clear, this blog is about Financial Myths and the name of this post is indeed a myth. Or can be. There are “advisers” who sell insurance products in the absence of a financial plan in order to make a quick buck. But at prevailing money management fee rates (1.02% as of 9/2020)an […]
Fiduciary Advisers Who Offer Insurance Products Are Just Out To Make Money Read More »
Would you like to know why I’ve gotten zerofreaked-out calls or emails from my clients because of the coronavirus, political upheaval or [insert your own freak-out factor]? It’s because we’ve already tested even worse scenarios (like the 2001-2003 recession) in their written retirement financial plans and they know they will be OK. However, that doesn’t
6 Financial Steps You Should Consider NOW Read More »
This could, or could not, be a myth depending on how we define “decent” and “risk”. My definition of “decent” is a rate of return that exceeds the “risk-free” rate plus inflation. The risk-free rate is typically the T-bill rate or long-term government bond yield. The current long-term composite (>10yrs) is 2.12, down from
You Can’t Get Decent Returns Without Risk Read More »