The Most Important Assumption

If I ask a group of 100 investors, “What is the most important assumption in a financial plan?”, I bet less than 10% would give the correct answer. Many believe it is the rate of return on investments. Others may say the withdrawal rate during retirement or the savings rate pre-retirement. All of these are…

This Week in Women

Marlins Hire Kim Ng as Baseball’s First Female General Manager “This challenge is one I don’t take lightly,” said Ng, 51. “When I got into this business, it seemed unlikely a woman would lead a Major League team, but I am dogged in the pursuit of my goals.” As news of Ng’s hire reverberated around…

The advice business is permanently changed

This is an op-ed that was originally published on CNBC here.  When the Covid-19 pandemic hit the U.S. in mid-March, there were three types of financial advisory firms: high-tech, low-tech late adopters and firms somewhere in between. The overnight shift to work-from-home was vastly different for each type. Low-tech firms transported printers and fax machines…

Oh Happy Day

I can’t get that gospel song out of my head today. We knew this day would come, we just didn’t know the timing. The global scientific community has been in a race to produce a COVID-19 vaccine all year, and Pfizer is the first to report good news. They may not be the last. We…

This Week in Women

Voters in Colorado and Oregon approved two major wins for working women In a win for working families, Colorado voters on Tuesday approved paid medical and family leave in the state, and voters in the Portland, Oregon, area approved universal preschool. Recruitment push fuels record number of women in House GOP Several races involving female…

We’re All in this Together

Whether it is four more years of Trump, or a Biden landslide, we will all still be Americans when we wake up tomorrow.*  We are on the same team. We always have been. We all want the same things – a prosperous economy, access to quality education, equal opportunity for all, clean water and air,…

This Week in Women

Ida B. Wells was driven out of Memphis in 1892. She might soon have her own statue there. “16 years here (in Memphis),” Gray said. “She was a school teacher, a publisher, a journalist, a civil rights advocate, a suffragist. If we had 10 more women like Ida B. Wells we could change the world.”…

A Conversation with Michigan State Students

My college years still feel like yesterday. There are few things that excite more than speaking to today’s undergraduates who are studying financial planning.  So, when a student from Michigan State University emailed me about appearing on their podcast, I said yes without hesitation. How cool is it that students are creating their own podcasts?…

This Week in Women

New UN gender study: Women ‘far from having an equal voice to men’ “Twenty-five years since the adoption of the Beijing Declaration and Platform for Action, progress towards equal power and equal rights for women remains elusive”, said UN Secretary-General António Guterres. “No country has achieved gender equality”. Placing Women on a Different Sort of Pedestal When…

How I Invest My Money

I am excited to announce that I contributed a chapter to a beautiful book “How I Invest My Money” co-edited by my CEO Josh Brown and friend Brian Portnoy. The official publication date is November 17, and you can pre-order your copy here. The genesis of this book is a blog post written by Josh…