A wealth advisor with 10 years of tenure, second most productive in the firm, does nothing work-related 90% of their time. Lowering the price doesn't generate more revenue for the firm when clients don't shop by price. That's why AUM fees are stuck at 1%.

Your occasional reminder that this is asinine and despite it being shown to be asinine for years it still constantly shows up. Being out for the worst days is quite symmetrical with what’s shown here. What these “studies” show is “if your timing is to sell all your stocks for a

Part-time self-employment works for me. I control both the schedule and what I work on. > Before You Quit by Jonathan Clements humbledollar.com/2024/10/before…

Here's my take on Derek Tharp and MichaelKitces take on Ramit Sethi's take on AUM investing fees. robberger.com/how-should-we-…

I'm poor. I don't have any of these people to call.

Wealthfront has filed to liquidate its $1.3B Risk Parity Fund. From its 1/22/18 incept through 11/1/24, the fund lost 2.8% of its value, compared to a 66.6% cumulative gain for the US 60/40 mix over that span. Not great! spr.ly/6011SeI7N

The full premium can have a large increase but you'll pay the same % of income when you qualify for a tax credit. > Oh yeah...here's the final 2025 rate changes for unsubsidized ACA policies for the remaining states, if anyone cares. by Charles Gaba ✡️ acasignups.net/24/11/06/oh-ye…

The working years were a leap into the unknown too. Retirees have more ways to shape their retirement. > Leaping into the Unknown: it’s Called Retirement by Kimberly Blanton crr.bc.edu/leaping-into-t…

If your state doesn't offer a tax incentive, Utah's my529 plan is consistently rated as one of the best 520 plan. > A Guide to Finding the Best 529 College Savings Plan by Morningstar morningstar.com/personal-finan…

A 20-year-old cheap bicycle brought me more joy than a $10,000 vacation to Switzerland. Who knew? > Retirees, a Rich Life Does Not Require Spending More Money thefinancebuff.com/rich-retiremen…

I wouldn't do it on purpose. It takes too long, the amount is capped low, and it only replaces a contribution one can make otherwise. > Should You Worry About Overfunding Your 529 Plan? by Margaret Giles at Morningstar morningstar.com/personal-finan…

Tax planning based on the sunset of TCJA has been pretty much wasted. Wait and see what will change and what won't. > Impact Of 2024 Election On TCJA Sunset And Tax Planning by @bhenrymoreland kitces.com/blog/2024-elec…

Tax credit by itself doesn't make me buy an EV but if you want an EV anyway, you might as well get the tax credit. > Want an EV? Buy before Trump eliminates the tax credit by Kay Bell dontmesswithtaxes.com/2024/11/want-a…

I also borrowed when I was building a house last year. I have since paid it off. I won't hesitate to borrow again when the terms are favorable. > Debt as a Recession Tool by @gocurrycracker gocurrycracker.com/debt-as-a-rece…

Look at the compound interest formula. It matters less on a small balance, a small rate difference, and a short time. It matters more on a large balance over a long period. > When Interest Rates Matter and When They Don’t by Tyler Scott on @wcinvestor whitecoatinvestor.com/when-interest-…

I cashed out all the I Bonds I bought in recent years. TIPS have a better yield anyway for the long term if you get over the short-term price fluctuation. > TreasuryDirect Customer Service Delays and Estate Planning Concerns by My Money Blog mymoneyblog.com/treasurydirect…

I see the examples of not-so-good financial planning goals were all motivated by taxes. Taxes usually aren't the cause for hardship in retirement. Paying high taxes means success. > Good (And Not So Good) Financial Planning Goals by Mike Piper obliviousinvestor.com/good-and-not-s…

Kanopy is better than Netflix but you can't sign up for it directly. If your library doesn't provide it, get a card from a different library that does. thefinancebuff.com/kanopy-streami…

These tactics are helpful when you're scared to spend. I'm not. I don't spend when I don't want the hassle or don't see any value. A rich life in retirement doesn't require spending more money. > Scared To Spend? (You're Not Alone) by RetirementManifesto theretirementmanifesto.com/scared-to-spen…

I'm wealthy enough not to worry about the first 7 things but not wealthy enough to worry about the second 7 things yet. It feels like a happy middle ground. > 7 Things Wealthy People Don't Have to Worry About (and 7 They Do) by @wcinvestor whitecoatinvestor.com/things-wealthy…