Much has been (and will continue to be) made over who or what is a fiduciary and why it matters. Similarly how an advisor is compensated remains contentious. Need proof? Consider the lengths some financial 'professionals' will go through to obfuscate how they make their money.
It’s a catchy title but we’re guilty as charged. We shamelessly ripped off the brand. Sue us! Self-deprecating humor aside we’ve put together a quick and dirty summary of the major components of an HO policy to help decipher the oftentimes cryptic declaration pages (which we all read, right?). PART A (Dwelling) protects the physical [...]
‘It’s so easy anyone can do it.’ How many times have we heard that? From having 6-pack abs to flipping real estate all we have to do is watch an infomercial or two to realize all that we want in life is right at our fingertips. Yet if it’s so simple why are so many [...]
NFL teams pour lots of time and energy into proverbially kicking the tires of potential draft picks. They do their research and make their decisions. In the end it seems like a crap shoot. Many of the high profile names and 1st round draft choices offer little on-field production while those flying beneath the radar [...]
The U.S. Supreme Court recently ruled in the case of Tibble v. Edition International. The decision will surely have unintended consequences. A bit of background: Current and former employees sued Edison (a California-based utility) claiming breach of fiduciary responsibility. The claim? Retail mutual funds in the 401(k) charged higher fees than identical Institutional funds available [...]
“From each according to his ability – to each according to his need.” If the Soviets were still around they’d tell us how poor an economic system this is. Sadly the American public is too busy tweeting about the latest mind numbing “reality” TV show to care. At the start of the 21st century 75% [...]
As governmental support and funding continues to decline the state university system is being forced into seeking out new sources of revenue. Staples such as ‘amateur’ athletics and public/private sector research are rapidly being supplanted by an arms race for wealthier students with a downplayed emphasis on academic proficiency. In theory public universities provide a [...]
New data suggests the cost of LTC remains on the rise. Below are the median averages and their respective growth rates. Home Health Aide $20/hr representing a 1.27% increase from prior year 1.03% annualized growth over prior 5 years Adult Day Care $69/day representing a 5.94% increase from prior year 2.79% annualized growth over prior [...]
This article from the folks at Bloomberg is excellent reading. It speaks volumes about the herd mentality, the fear of missing out, etc.
What makes you a one-percenter? About $385,000/yr. How about a two-percenter? The Orator in Chief is one. Want to see his tax return? What can we learn from it? On the other end of the spectrum you'll find the 43% of Americans who don't pay income taxes. Media and politicians focus on income disparity. Where's [...]