Practical analysis for investment professionals


Weekend Reads for Financial Advisors: Fragile Nest Eggs, Happiness, and Luck vs. Skill

I want it, and I want it NOW! Sound familiar? While that petulant behavior may remind you of your toddler, it's surprisingly common in adults, too. That's because it is an example of "temporal discounting" — our tendency to want things now rather than later. It seems we are hardwired for instant gratification.

The US Retirement Crisis: Essential Reading and Resources

Financial advisors have an increasingly important role to play in building sustainable retirement income strategies for their clients. But as is the case with most investment advice, there is no one-size-fits-all approach. To help advisors and investors sort through the issues here is a list of essential reading and resources.

Investing and Withdrawal Strategies During Retirement: The “Retire Well” Bucket Approach

Today retirees face five perils: inflation, investment, longevity, withdrawal, and healthcare risk. Providend CEO Christopher Tan says retirees need a plan not only to cope with these risks but also to provide reliable income.

Weekend Reads for Financial Advisors: Emotional Finance and Chaos Theory

Lauren Foster rounds up recent articles and resources that you may have missed during the last couple of week.

Nudge or Shove? The Many Shades of Financial Paternalism

In economic and financial matters, paternalism — protecting an individual from himself or herself — comes in many guises with one common theme: the maximization of welfare. Yet it raises a question with no easy answers: When exactly should individuals or investors be protected from making their own bad choices?

Are Safe Withdrawal Rates Still Relevant in Today’s Low-Return Environment? (Video)

In his presentation at the CFA Institute Wealth Management 2013 conference, financial adviser and blogger Michael Kitces offered a framework for tackling two fundamental client questions: How much can I safely spend from this portfolio without needing to worry about the markets? And, if I want to spend X, how much money do I need in the account to safely retire?

Grappling with Alzheimer’s: Advising Clients on the High Costs of Aging

Understanding dementia and its financial implications, as well as a host of other eldercare issues, extends well beyond attorneys: It is something every financial adviser with elderly clients, or clients approaching retirement, should know more about.

Helping Financial Advisers and Clients Avoid “Financially Dysfunctional Behavior”

One of the challenges investment professionals face is figuring out effective ways of helping some clients become smarter about their decisions. This is key to offsetting what Nobel Laureate Robert C. Merton calls "financially dysfunctional behavior."

In Aftermath of QE3 and Fed’s Easy Money Policies, It’s Savers Who Suffer

The slightest rise in rates here in the US could devastate federal, state, and municipal budgets nationwide. All of which goes a long way to explaining the Fed’s brute determination to keep interest rates miniscule.

Book Review: Pension Finance

M. Barton Waring has succeeded in creating one of the definitive works on the structure and management of defined benefit plans. This indispensable guide for pension advisers dispels any notion of easy solutions to the problems of defined benefit plans, especially underfunding. His sensible solutions are within our grasp if we choose to accept them.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.