Leveraging Gifts with Life Insurance

“Rich people will never be poor!” I squealed to my co-worker, half with delight and half with a twinge of guilt. We were discussing a strategy to use family gifts to fund a permanent life insurance policy. The gifts come from the grandparents. Their adult children would use the money to purchase a second-to-die life…

This Week in Women

I have an exciting announcement. This Week in Women is going Live on Twitter Spaces. Join me on Mondays at 4pm ET for a discussion of this week’s stories as well as conversation with a special guest. The idea is to create content by women, for women. Each week, I will highlight the accomplishments of…

This Week in Women

100 Women Making their Mark on the World of Finance Women are also achieving greater prominence and power in the private sector, and particularly in the world of finance, where Citigroup(ticker: C) CEO Jane Fraser just became the first woman to lead a major U.S. money-center bank. Thasunda Brown Duckett, a JPMorgan Chase(JPM) executive, was recently named CEO of TIAA,…

This Week in Women

In 25 years, the pay gap has shrunk by just 8 cents Take Ms. Rapinoe, whose fight for equal pay has become something of a calling card for the U.S. women’s team, and who played a central role in the team’s lawsuit on unequal pay filed in 2019. “One cannot simply outperform inequality,” she said. “Or be…

This Week in Women

Job or Kids? One in three working moms forced to choose as pandemic enters year two One attorney faked leaving her house every day, got in her car, and waved goodbye to her 3-year old, then sneaked back in the house to work upstairs, Damon said. Others put red-light/green-light signs on guestroom doors so they…

Macro Thinking

There is a lot of buzz going around about the size of the latest Covid relief bill and the national debt. $1.9 Trillion is a lot of money. Democrats call it the minimum amount of support needed to help individuals struggling through the pandemic, while Republicans call it a “liberal wish list” of pork barrel…

This Week in Women

Cathie Wood: A Tech Investor Doing God’s Work Wood is the public face of a speculative tech boom many liken to the dot.com boom and bust of the early 2000s. The success of Tesla and other technology stocks that Ark owns has, together with massive investor inflows, propelled the combined value of the five exchange…

Get Rich versus Stay Rich

I don’t help people get rich, I help them stay rich.  My job as a wealth manager is to help clients hold on to their wealth and to preserve and grow it to keep pace with inflation. My number one priority is to ensure that money is there to meet their goals, when they are…

This Week in Women

Women outperform men in managing DC plans – Morningstar “We find that the probability of a plan offering these services is higher if the plan administrator is female, and the differences are statistically significant,” a Morningstar research report said. “In other words, female plan administrators run better plans than their male counterparts.” Morningstar’s Report: Wonder…

Happy Birthday Chief

Unless you’ve been living under a rock, you know the CEO of my firm, Ritholtz Wealth Management, is Josh Brown – aka Downtown Josh Brown, The Reformed Broker. Today is his birthday. So in true introverted blogger fashion, I am inspired to write down a bunch of things I’ve thought over the years but have…