A Sales Model that Makes Revenue Sharing Look Investor Friendly

Annuities in retirement accounts are an atrocious investment. They are so heinous they make funds involved in revenue sharing schemes, commonly found at many wire houses, look good in comparison. Inexplicably, regulators continue to allow teachers’ retirement accounts to be raided by insurance companies using variable annuities as their Trojan horse. Jason Zweig recently wrote an article…

Is there any Reason this is not Taught in School?

Most schools do a horrible job of teaching kids about money. Why do our current presidential debate topics include such gems as which candidate wet his pants on stage? I have not heard one mention of the plague of financial illiteracy that afflicts our youth. The tune of one trillion dollars in student loan debt should be…

Rich Plan, Poor Plan

403(b) plans are treated like the ugly stepsister compared to their more glamorous close relative, the 401(k). Both plans were designed for the same purpose. Unfortunately, their separate governance structures are a textbook case definition of discrimination. Workers who participate in a public rather than a private retirement plan are being given the short-end of…