I’m reposting this financial mostly-a-myth because of the recently and rapidly growing list of “mistakes” made by our president and virtually every one of his inner circle.I confess that my first reaction to outrageous behavior is, “there oughta’ be a law!”.   One way I attempt to keep up with the times is to watch […]

Well, like practically any sentence with “always” in it, this is also a myth.According to organizational psychologist Adam Grant, “If you succeed in school, you’re not setting yourself up for success in life . . . academic excellence is not a strong predictor of career excellence”Personally, I like this premise because I was a mediocre […]

This is a solid myth.  If you have children there is a substantial gift tucked into the Tax Cuts and Jobs Act of 2017, despite the record-breaking deficits and debt it is already creating.  Here are the details, straight from IRS. Credit amount. The new law increases the child tax credit from $1,000 to $2,000. […]

Well this is a solid myth. At Fidelity’s Inside Track conference in New York City this week, Ron Carson (of $10 bil. asset firm Carson Group) admitted as much by stating the assets under management (AUM) business is only worth 0.2%.  That is, if you have $1.0 mil. being “managed” by an adviser, you should […]

In their 10-year-old easy-to-read book, “Nudge, Improving Decisions About Health, Wealth and Happiness”, Nobel Prize winner Richard Thaler and Cass Sunstein describe “choice architects” (of which I am one) and the drivers behind their recommendations.But before I give those details, in my substantial experience part of the impossibility of giving “neutral” advice is that there […]