Fiduciary Rule will shake up the financial services industry

Posted on Leave a commentPosted in Accounting, Financial Planning, Investment, Wealth Management

Most of us in the financial services or advisory professions are generally aware of the impact of the “Fiduciary Rule”.  But few, including myself, has any in-depth understanding of the scope of its impact. This well-written explanation of the fiduciary rule comes from a training material for financial service professionals. I added the emphasis. “In […]

Are you a financial revolutionist?

Posted on Leave a commentPosted in Financial Planning, News and Politics, Values, Wealth Management

A revolutionist is someone who wants to change the world — not just sitting around talking about it, but actually doing something to bring about change. If that describes your approach to personal financial management, then I’d love to have a conversation about what you are doing now and what else can be done to improve […]

The basics of Medicaid planning

Posted on Leave a commentPosted in estate plannng, Ethics, Financial Planning, Health and wellness, Health Insurance, Legal, Real Estate, Wealth Management

This blog post simply lists key issues in bullet format and is not intended as a complete discussion of any issue. A more thorough consideration is helpful for any aspect that may pertain to your family’s situation. Definition: “Medicaid planning” refers to the specialized field of financial planning that recognizes that it is possible to simultaneously keep financial assets […]

$100,000,000,000,000

Posted on 1 CommentPosted in Financial Planning, Investment, News and Politics, Wealth Management

One hundred trillion dollars. That’s the total net worth of all Americans in 2017*.  It’s a staggering number. For practical discussion purposes, we might say that figure is the net worth of rich Americans. The top 160,000 households (one tenth of one percent) control a quarter of this wealth.  About half of all this U.S. wealth […]

New study give insights to ‘Upper Middle Class’

Posted on Leave a commentPosted in Financial Planning, News and Politics, Wealth Management

A new study released last month by Urban Institute titled  “The Growing Size and Incomes of the Upper Middle Class” by Stephen J. Rose investigates shifts in household income in the United States. The most obvious conclusion is that the portion of Rich and Middle Upper class households have grown sharply over the past 25 years while […]

“Could crowdfunding be the next big investment scandal?”

Posted on 1 CommentPosted in Crowdfunding, Investment, Wealth Management

British newspapers are buzzing this week with headlines like “Could crowdfunding be the next big investment scandal?” Let’s be clear about a few things here in the U.S: The reference to “investment” means that we are discussing equity crowdfunding. This is different from most types of crowdfunding that you’ve heard or read about. Buying stock […]