“Hell, I never vote for anybody, I always vote against.” – W.C. Fields The American people are in dire need of “Change We Can Believe In”. It is quite obvious; the majority of Americans detest both political candidates. We will have change in 2016; the belief part is a whole other story. The partisans…
Helping Women Teachers Gain Confidence to Get in the Game
Dina here … For those of you who have been following The New York Times’ multi-part series on teacher’s retirement plans, it is truly disturbing what has been permitted to occur in the name of business at the expense of those with the noblest careers. The fact that women outnumber men in the teaching profession…
Please! Leave Your Political Views Out Of Retirement Plans
Our dysfunctional hyper-partisan culture has reached a new low. The New York Times has been accused of spreading “nonsense” for merely pointing out that many teachers (including some with children that have severe disabilities) are being cheated in their 403(b) plans. This “liberal bias” includes a group of educators who are being charged as much…
The Fox, The Wolf, and The Sheep
My friends, Dan Otter, and Scott Dauenhauer over at 403bwise have been fighting the good fight against the big insurers for as long as I can remember. In fact, their site inspired me to start our business. I thought I was the only one out there who saw these awful retirement products for what they are. My wife Dina…
Only In 403(b) Land Could You Find This
Some public school teachers are being charged 10% annual fees on their modest 403(b) plans. This is their vendor’s version of negative interest rates. Similar to depositors who pay banks to hold their money, teachers are charged for the “privilege” of earning a negative rate of return on their funds. The New York Times is exposing abuses…
We Won’t Be Fooled Again
“Laws, enforced by the sword, control behavior but cannot change hearts.” – Author, Greg Boyd Many brokerage firms are launching themselves head-first into a brave new world of fee-based planning. This is a dramatic shift from their former conflict-heavy, commission-based sales model. The choice was not theirs to make. The Department of Labor was kind…
Babe Ruth is Dead! Throw Strikes!
Many investors need their own form of “Tommy John surgery” to repair their injured portfolios. Applying strenuous effort to beat the market has no correlation to successful investing. We can look at the rash of injuries to young flame-throwing major leaguers, like Stephen Strasburg and Matt Harvey, for some insights. Leo Mazzone, the former hyperactive…
The Donald Trump of 1912
Is Donald Trump’s vulgar behavior inspired by a former white supremacist and Princeton University President? The answer is probably not, but there are some interesting similarities. Democrat, Woodrow Wilson, our nation’s 28th President, often makes Donald Trump’s social views seem downright liberal! If you skip over the Disney-like, sanitized textbook version of Wilson, you might…
Young People Must Be Long-term Greedy
Almost no one in our system of public education is teaching young people how to build lasting wealth. While A.P. exams, private tutors and sports trainers are the current rage, Wealth Building 101 is being completely ignored. What’s next after getting into the “right” school and finding the “perfect job”? Young people need someone to…
Too Many Americans Invest From The Back Row
“We are a divided country, split along race and class. The divide is at its core about having different concepts of value and personal meaning.” Chris Arnade, Divided by meaning This statement accurately describes the investor schism in our nation. Simply put, front-row investors run the world, while those in the rear are barely…
Learn More
The Retirement Pyramid
Listen to Our Podcast
