Category : Gen X & Y

  • By Scott Davison On Thursday, December 04 th, 2014 · no Comments · In ,

    In my post “The Big Flaw in Retirement Calculators”, I discuss the risk of using an assumed, fixed rate of return in the typical retirement calculator. However, many financial advisors use this flawed calculation every day to plan their clients’ future. This begs the question, “If this practice puts their clients at risk, why is it commonplace for advisors to do it?” The answer to this is part of a larger, overlying issue: financial advisors are focusing on the wrong things when it comes to creating financial plans for their…

  • By Scott Davison On Thursday, November 20 th, 2014 · one Comment · In ,

    In the modern age, one cannot avoid hearing about the economy. Yet for a topic that receives so much coverage and attention, many people would like to better understand how it works. The following short video explains the beginnings of the economy and discusses its evolution through the years in a manner much more entertaining than your high school econ class. Enjoy!

  • By Scott Davison On Thursday, October 30 th, 2014 · one Comment · In ,

    Young professionals see such calculators when they log into their 401(k)s telling them how much they need to save to retire on schedule. Baby boomers often crunch numbers on them before riding off into the retirement sunset. I’m talking about the typical retirement calculator. You may have seen one of these before. They all ask for the same basic info: your current age, your desired retirement age, how much you’re saving, what you’d like to spend in retirement, and what flat, fixed rate of return do you want applied to…

  • By Scott Davison On Thursday, October 09 th, 2014 · no Comments · In , ,

    Welcome to my blog! This being my first post, I thought I’d share my vision for the blog as well as the promises I make to you, dear readers. My plan is to share and discuss financial planning topics and articles that are interesting and applicable to you. Here are my self-imposed ground rules for posting and content: Keep it short. Your time is valuable and life is busy enough as it is. My posts are intended to be beneficial, not a burden. Avoid financial jargon and buzzwords (unless I’m…

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