Vanguard published a report that shows financial advisors can add value worth about 3% per year in extra returns to an investor's portfolio. Suppose it's true, how should the investor and the advisor split this 3%? Should it be 50:50 -- the investor keeps 1.5% and pays 1.5% fee to the advisor? Should it be 2:1 -- the investor enjoys 2% extra return after paying 1% fee to the advisor? How else? I answered this question at the new microsite dedicated to my financial advisor search and screening [...]
2018 Social Security COLA
The official announcement for 2018 Social Security cost of living adjustment (COLA) will come in October. However, for those who paid attention, it's widely anticipated that COLA in 2018 will be several times larger than in 2017. Social Security [...]
Roth 401k Makes People Have More Money To Spend In Retirement
Reader Joel left a comment on my blog post The Case Against Roth 401(k) and asked about a study by Harvard and Yale professors which concluded that Roth 401k makes people have more money in retirement than Traditional 401k. The study was done with [...]
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Vanguard Proxy Voting 2017
2017 2018 401k 403b IRA Contribution Limits
Advice-Only: The Best Model For Financial Advice People Need And Want
I had a problem with my air conditioner. Even though the thermostat was switched to OFF inside, the "engine" outside continued running. I noticed the problem when I heard noise outside the window. I don't know how long it ran continuously before I [...]
