17 Burst results for "David Blanchett"

"david blanchett" Discussed on Motley Fool Answers

Motley Fool Answers

02:31 min | 1 year ago

"david blanchett" Discussed on Motley Fool Answers

"Is that sound about right? I'm kind of going from memory. I so one of the articles in the area was David Blanchett's retirement spending mile where he talked about how your expenses decline until the very end stages of retirement where health expenses at. That's why it's a smile savior, your expensive start coming back up, but Iran, just with the historical data where if you inflation-adjusted spending. It's four percent withdrawal. Rate with his spending pattern. It was a five and a half percent withdrawal rate. So yeah, that's kind of the the impact that you're you're referring to I guess it to a certain degree does depend on your situation. Like, I could see if you retired with a mortgage, for example. That's clearly a a an expense. That will go away at some point down the road other. Another reason I know why expenses job is because many people enter retirement as a couple, but unfortunately, someone passes away when that happens expenses drop somewhere around twenty to thirty percent. So is it a safe assumption? Do you think that you're spending all the done or do you think it's actually building a margin of safety that maybe should just assume your expenses will go up? Well, I'm comfortable with him in the place in justed spending has that margin of safety. And there was one of the big banks did a study of all their clients than have credit cards and banks banks with them and identify different types of retirement spenders. And so if you can figure out your own situation, the only category, they found where you should really impatient. Your spending growing with inflation with what they called the Globetrotters, which were wealthier individuals who tended to do a lot more traveling in retirement, and then otherwise most of the other group saw their spending decline relative to inflation. So yeah, you can kind of figure out. If you might have something unique that would cause you to leave your spending to grow with inflation. But otherwise. You know, you might just decide you can pay less spending with age and go in that direction as well. Okay. So that's the the inflation part of it. The other part is the steady part, and there's a good deal of the research, and you cover a lot of it in your book is basically choosing some sort of variable spending strategy where the amount you spend each year depends on some sort of factor..

David Blanchett Iran justed thirty percent four percent
"david blanchett" Discussed on BizTalk Radio

BizTalk Radio

02:41 min | 2 years ago

"david blanchett" Discussed on BizTalk Radio

"Going down long bonds are going down when interest rates are going up so in a two percent rising interest rate environment it lasts between twenty one and twenty four years i dunno going to my life expectancy calculator i'm sayin' ad fly a husband and wife at age sixty two or sixty five i should say we'll make it 21 years what does that eighty six twenty four years eighty nine listen a healthy couple of wage 65 today as not a fifty percent chance one or the other make it the ninety two and a twenty five percent chance one or the other make it a ninety seven and that's based on what we know about mortality and morbidity and life expectancy today twenty thirty years surrounding the a think we're going to know more what i say the other day the halflife of medical technology is seventy three days yeah i wanted to know a lot more and people are gonna be living a lot longer and you know what that means that means you get to take advantage of the insurance companies today and it's why dr foul frc michael eta says the warden financial institutions center nationwide the list goes on and on got their motion milewski morningstar david blanchett michael it was a michael whatever his name is from texas tech think these are all studies that have been done on this subject it's done it's over for those that are critical of a new a tising there either afraid of making the recommendation or they're not form so josh as a cfp and training consider yourself informed okay let's move on uh the other question i get from within the industry financial advisers and so forth and outside of is this whole debate now on roth verses traditional iras and 401 case so i i i looked at this from the actuary steve vernons perspective now we all know the rules right now know that when you put.

michael eta texas steve vernons david blanchett josh eighty six twenty four years twenty five percent twenty thirty years seventy three days twenty four years fifty percent two percent 21 years
"david blanchett" Discussed on BizTalk Radio

BizTalk Radio

02:46 min | 2 years ago

"david blanchett" Discussed on BizTalk Radio

"The list goes on and on dr motion milewski morningstar david blanchett michael it was a michael whenever his name as from texas tech think these are all studies that have been done on this subject it's done it's over for those that are critical of a new tising there either afraid of making the recommendation or they're not informed so josh as a cfp in training consider yourself informed okay let's move on uh the other question i get from within the industry financial advisers and so forth and outside of is this whole debate now on roth verses traditional iras and 401 case so i i i looked at this from the actual steve vernons perspective now we all know the rules right now know that when you put money into a roth your funding it with posttax funds and the money comes out tax free you don't have to do required minimum distributions that's a potential advantage but you don't get the benefit of the tax deduction up front with a traditional 401 k or ira depending on your income and so forth you can deduct the amount going in so it's a softer dollar i won the money comes out it's all taxable and it could exacerbate a tax bill in retirement even though for the most part people will be in a lower bracket when they retire with one rare exception and that is taxation on their social security now this seemingly is pretty logical except when we get the taxation on social security element because that one gets nasty i mean you could be paying as much as forty six percent tax on that social security so for those rare instances uh we'll put that on the back burner and this is another reason why you need a good tax advisor in the loop but what steve vernon whose them know guru actuary he looked at tax rates and when as it best to do a roth versus a traditional so allow me if i made a quote from mr steve he says this severe.

steve vernons advisor mr steve david blanchett texas josh steve vernon forty six percent 401 k
"david blanchett" Discussed on BizTalk Radio

BizTalk Radio

02:59 min | 2 years ago

"david blanchett" Discussed on BizTalk Radio

"There's one other ah assumption are false assumption misconception that i didn't talk brought in the last segment as ever saving it for this one and that is the misconception about retirement spending and i've been i dunno i i must have raised a lot of eyebrows the other day when i disagreed with those and whom i have great respect by the way some of the socalled propeller heads them have referenced in the past or brilliant you know dr wade foul and michael kits his son and uh david blanchett for morning star and others whom i've quoted the frequently if not almost on a daily basis on this program so i have tremendous respect for their work and uh i think they've made me significantly better at my job by the research that they've done but they are champions in a finance lab i've always considered myself a champion of practical reality having seen you know literally thousands of people over my lengthy career in retirement planning so terrence emails man i'm not doing this an email segment goes i i'm going to devote a whole segment to it to make my point but terence ask this i'm a financial adviser and in doing the math there seems to be a huge difference in retirement affordability if you are right about spending post retirement can you comment by the way love the show well thank you terence good luck to you terence probably a younger financial adviser just sounds younger to me i don't know for certain needed didn't give me either details uh but what i have been talking about here and what has been somewhat controversial amongst notsoyoung financial advisers and clearly a lot of the data that you get and the websites that promote uh how much you need to have saved for retirement and so forth and they paint this picture of needing so much money because you're gonna live for forty years and forty years later the inflation numbers are significant you don't example let's say you wanted five grand a month from your portfolio and your 55 years older sixty years old and you wanna make sure forty years later it kept pace with inflation and you plug up three percent inflation number in there and all of a sudden you need sixteen thousand three hundred and ten dollars a month to live on so you went from sixty grand two two hundred thousand dollars in needs and it's just not realistic.

michael terrence dr wade david blanchett forty years two two hundred thousand dolla three percent sixty years ten dollars 55 years
"david blanchett" Discussed on BizTalk Radio

BizTalk Radio

03:11 min | 2 years ago

"david blanchett" Discussed on BizTalk Radio

"Napa again for you i woke up mad got some soul we should listen to this show nice job curtis bryce plan to okay so we're talking about wealth management alpha what is that well how much access return are you getting of from your advisor and there are tangible return numbers and we've seen were vanguard has actually put it at about three to four percent three percent net afiz they assumed that the adviser would charge a onepercent fee they came up with four percent so you subtract the one from the four the net to the client over long terms about three percent now maybe it's too maybe it's fido know what it is but it's something if you have the right financial planner and i believe it's better if you have a team of a sort of this interest did parties in other words i don't want bill lawyer getting a kick back from the insurance person or this epa you know getting license to sell securities i'm not saying it's bad or good i just think it's it's not objective it's not as objective but that's me i'm sure there are objective firms that that do it properly but i think it's right with all kinds of potential problem which is why in in a couple of times we have actually broaden clients plant arab advisers attorney in that sort of thing and it helps because they know i watch these guys learn a lot from you uh yes they do like the fellow tom that uh you're working with who uh eventually did see it our when i have watched the face of a cpa in a room with you and just drop job drop because they were still okay enough of this but i'm not i'm simply star let's get into morningstar don't do that thank you vanguard did their study morningstar did an interesting one that focused on additional income vanguard study dealt with rate of return morningstar's gamma they called it david blanchett and paul kaplan over at morningstar did a similar study about the value of good decision making and in a in a study titled alpha beta and now gamma fascinating stuff here's what they had to say lynn and your comments please the first piece total wealth asset allocation then dynamic withdrawal strategy third annuity allocation for tax efficiency through asset location and five liability relative optimization which by the.

Napa advisor attorney tom morningstar lynn curtis bryce bill david blanchett paul kaplan three percent four percent onepercent
"david blanchett" Discussed on BizTalk Radio

BizTalk Radio

02:27 min | 2 years ago

"david blanchett" Discussed on BizTalk Radio

"And to create this scenario his firm use monte carlo simulations a risk indecision analysis technique that evaluates the outcome of portfolios overtime using a large number of samples this mathematical process goes on uh considers variables such as initial portfolio value withdrawal rate inflation expected return standard deviation among other liberals which may affect portfolio outcome now remember he's plugging in historical inflation and historical spending as it relates to that inflation and this is where i disagree because of what we just cover the spending will not go up at the same rate of inflation the spending inflation rate may be higher but the nominal spending will be lower and if he has spent two and a half percent less each year and you factor in inflation at three percent you'll need to increase your income by a half a percent per year right not percent com pounded forever even though if you're spending three or four percent less because of the lowering of spending in your later years here actual net after inflation spending declines until you get into the last several years of your life when healthcare goes through the ceiling that's why we've dubbed it i'd have endeavoured i can't take any credit for this i was the guy at the morningstar david blanchett wrote about their retirement smile where you're spending goes down it flattens out and the very last year's it starts to go up like a smile think about that and utilizing this analysis tool he found the chances of running out of money during retirement today is more than ten times greater than it was 10 years ago for the scenario of the individual retiree in two thousand and five eu's the seven and a half percent expected rate of return 5 percent withdrawal rate and adjusted for three percent inflation the result was a two point four percent failure rate this means only one in forty people would have run out of money during.

eu monte david blanchett three percent four percent 5 percent 10 years
"david blanchett" Discussed on BizTalk Radio

BizTalk Radio

02:38 min | 2 years ago

"david blanchett" Discussed on BizTalk Radio

"Outcome of portfolios overtime using a large number of samples this mathematical processing goes on uh considers variables such as initial portfolio value withdrawal rate inflation expected return standard deviation among other liberals which may affect portfolio outcome now remember he's plugging in historic low inflation and historical spending as it relates to that inflation and this is where i disagree because of what we just covered the spending will not go up at the same rate of inflation the spending inflation rate may be higher but the nominal spending will be lower and if he has spent two and a half percent less each year and you factor in inflation at three percent you'll need to increase your income by a half a percent per year right not threepercent com pounded forever even though if you're spending three or four percent less because of the lowering of spending in your later years here actual net after inflation spending declines until you get into the last several years of your life when healthcare goes through the ceiling that's why we've dubbed it i'd have endeavoured i can't take any credit for this i was the guy had morningstar david blanchett wrote about their retirement smile where you're spending goes down it flattens out and then the very last year's it starts to go up like a smile think about that and utilizing this analysis tool he found the chances of running out of money during retirement today is more than ten times greater than it was 10 years ago for the scenario of the individual retiree in two thousand and five used at seven and a half percent expected rate of return 5 percent withdrawal rate and adjusted for three percent inflation the result was a two point four percent failure rate this means only one in forty people would have run out of money during a normal retirement beginning in twenty five to apply this that someone starting to withdraw today he ran a simulation with the same withdrawal rate and inflation factors as before but this time the failure rate was almost twenty five percent one in four instead.

david blanchett three percent four percent twenty five percent threepercent 5 percent 10 years
"david blanchett" Discussed on USA Today

USA Today

01:51 min | 3 years ago

"david blanchett" Discussed on USA Today

"Alpha data and now gamma robert keebler a partner with keebler and associates in green bay wisconsin and dill ravi a professor at the university of wisconsin in whitewater wisconsin first up is david blanchett seem to think that tax what you call a cow tax alpha is one of the most overlooked aspects of investing so personally why is that and it gets more importantly what his packs alpha through but i'll say this thing the investment professional sneak i also it's kind of a riskadjusted out performance so you know one example of that you pick a mutual fund that returns ten percent in this category returns tall for sense a you're negative i also have two percent well you know alpha the kirsan lots of different ways one example is is in taxes and i think that it too many investors overlook the importance of taxes when it comes to taking investments are building investment strategy so they might be sitting with uh they they might be thinking that they have a large ira or they might be getting a large and social security but all they found a pretax basis so it obviously becomes pretty important right now it's not what you have but slipped your teeth prices is that's on the principle at work here so that's what it is i mean and investors return isn't that is sees taxes than inflation rates i think that it you know people should nicholas he is an inhuman inflation is things you know increase in terms of cost the taxes are often invisible and when you when you pick mutual funds your investments you may think hey this is a great mutual fund manager at oklahoma tears but at the same time easy it's not very taxefficient and so you know realizing hey maybe i should own this investments in um an ira versus a taxable accounts figuring out how to kind of create the right strategies can really goose an investors wealth and create off so there's a general rule against if you're retired a general rule iran how much money you should withdraw and from which account so i guess that raises two things one is to make sure that you have all.

Alpha data robert keebler partner professor wisconsin social security inflation rates nicholas mutual funds fund manager iran green bay wisconsin university of wisconsin investment professional oklahoma ira ten percent two percent
"david blanchett" Discussed on USA Today

USA Today

01:36 min | 3 years ago

"david blanchett" Discussed on USA Today

"In green bay wisconsin and deal robbie a professor at the university of wisconsin in white water wisconsin first up is david blanchett seem to think that tax would you call a cow tax alpha is one of the most overlooked aspects of investing so why is that and it gets more importantly what his tax alpha but i'll say this thing that investment professional sneak i also kind of a riskadjusted out performance so you know one example is if you picking mutual fund that returns ten percent in this category for turns twelve percent a you're negative also percent well you know alpha occurs in lots of different ways one example is is in taxes and i think that too many investors overlook the importance of taxes when it comes to you know kicking investments are building investment strategy so they might be sitting with uh they they might be thinking that they have a large ira or they might be getting a large checking social security but all that kind of pretax basis so it obviously becomes pretty important right now it's not what you have but it's what you keep prices that's something with the principle at work here well that's what it is i mean you and investors return isn't that is fees taxes and inflation rates i think that you know people should know he is an eu legislation is things you know increase in terms of cost the taxes are often invisible when you when you pick mutual funds your investments you may think hey this is great each with a manager at the tears but at the same time maybe it's not very taxefficient and so you know realizing hey maybe i should own this investments in um an ira versus a taxable accounts figuring out how to kind of create the right strategies can really boos and investors wealth and create off so.

green bay wisconsin robbie professor social security inflation rates mutual funds university of wisconsin investment professional ira twelve percent ten percent
"david blanchett" Discussed on USA Today

USA Today

02:02 min | 3 years ago

"david blanchett" Discussed on USA Today

"In green bay wisconsin and deal ravi a professor at the university of wisconsin in whitewater wisconsin first up is david blanchett seem to think that pact what you call cow alpe as the most overlooked aspects of investing so apparently you know why is that and it gets more importantly what his packed alpha but i'll say this thing the investment professional out a kind of horrifically drafted out performance so you know one example will let you picking mutual fund big returns ten percent in its category for church twelve percent and you're negative alpha two percent well no alpha the curse lots of different ways when example is intact i think that it too many investors overlook the importance of taxes when it comes to you know picking investments are investment strategy so they might be sitting with uh they they might be thinking that they have a large ira or they might be getting a large checked in social security but all they found a pretax basis so it obviously becomes pretty important right now it's not what you have what you keep prices that's sort of with the principle at work here well that's what it is i mean you investors return isn't that is fees taxes an inflation rates i think that people should eat is an you feel inflation is things you know increase in terms of cost the taxes are often invisible when you when you pick mutual funds your investments you may think harry this is a great mutual fund manager it tears but at the same time easy it's not very taxefficient and so you know realizing hey maybe i should own this investments in um and i are labor says a taxable accounts figuring out how to kind of create the right strategy can really goose and investors wealth and create alf so there's a general rule against if you're retired a general rule around how much money you should withdraw and from which account so i guess that raises two things one is to make sure that you have all the accounts in place and then to understand how uh what the order or general rule of thumb would be around taking money from these accounts that's right so we were the general rule of thumb and it's important that you know that this is a general rule there's always it substance the rochon talk about those that use.

green bay wisconsin professor wisconsin social security inflation rates mutual funds fund manager university of wisconsin investment professional harry twelve percent ten percent two percent
"david blanchett" Discussed on USA Today

USA Today

01:44 min | 3 years ago

"david blanchett" Discussed on USA Today

"Subject of creating taxefficient income in retirement they are david blanchett the head of return armitt research for morningstar investment management in chicago and co author of south of data and now gamma robert keebler a partner with keebler and associates in green bay wisconsin and dill robbie a professor at the university of wisconsin in whitewater wisconsin first up his david blanchett seem to think that pack what you call a cow alpha is one of the most overlooked aspects of investing so you know why is that and and i guess more importantly what impacts alpha but you this thing the investment professional golfers' kind of a record grafted out performance so you know one example of the cooking mutual fund big returns ten percent in a category turkey call percent you're negative alpha twopercent well no alpha of course lots of different way when example is intact three i think that it too many investors over walk the importance of taxes are gonna come to you know kicking investments reported investment strategy so they might be sitting with uh they they might be thinking that they have a large ira or they might be getting a large technical security but all that kind of pretax baker so it obviously becomes pretty important right how it's not what you have what what you keep right the principle at work here i mean an investors return in nato peace pact with an inflation reich i think that people should know that he is in human thing increase in terms of car taxes are often and good to go when you when you pick mutual fund your investment you may think great mutual for manicured opponent tears but at the same time india cnet very taxes if she didn't so you know relay in hey maybe i should own their investment in um an ira wishes.

chicago robert keebler partner professor wisconsin david blanchett morningstar green bay wisconsin university of wisconsin investment professional ira ten percent twopercent
"david blanchett" Discussed on USA Today

USA Today

01:45 min | 3 years ago

"david blanchett" Discussed on USA Today

"Research for morningstar investment management and chicago and co author of all the data and now gamma robert keebler a partner with dealer and associates in green bay wisconsin and deal robbie a professor at the university of wisconsin in whitewater the scots it first up is david blanchett seem to think that tax what you call a cow tax alpha is one of the most overlooked aspects of investing so firstly in a why is that and and i guess more importantly what his tax alpha but so i'll say this thing that investment professional golfers' kind of a riskadjusted out performance so you know one example is if you can meet you find it returns ten percent in that category for church twelve percent you're negative alpha twopercent well no alpha of course lots of different ways one example is intact and i think it it too many investors overlook the importance of taxes when it comes to know kicking investments are building investment strategy so they might be sitting with uh they they might be thinking that they have a large ira or they might be getting a large technical security but all they found a pretax basis so it obviously becomes pretty important right now it's not what you have inflicted it's what you keat right that's on the principle at work here well that's gonna be able to mean an investors return isn't that is he's taxes an inflation reich i think that people should eat at a youth human flotation is things you know increase in terms of cost the taxes are often invisible when you and when you pick mutual funds your investments making kerry this a great mutual fund manager at opponent here's but at the same time evening it's not very taxes if she didn't so you know relating hey maybe i should own the investment in um and i already versus a taxable account figuring out how to kind of create the right strategy can really do and investors well increasing off so there's a.

chicago robert keebler partner green bay wisconsin robbie professor mutual funds kerry fund manager morningstar university of wisconsin investment professional twelve percent ten percent twopercent
"david blanchett" Discussed on WJR 760

WJR 760

01:35 min | 3 years ago

"david blanchett" Discussed on WJR 760

"Of the overall funding rachel game plan there's a really good chance that you're missing much of what you need to be focusing on dean you're so right with this in the motivation for the topic for today's show actually came out of a second report those creative i two gentlemen that work for morning star david blanchett who by the way happens to be a cfa charter her financial anna's analysts as well as the cfp certified financial planner and paul kaplan news a p h d as well as a certified financial planner is well the first what report deemed that they came out with really told us a lot about what we could do to add some additional income benefit to the final central planning process this one which is now and by the way folks you can look this up on the internet alpha beta and more gamma so when the world are we talking about alpha as outperformance beta is risk or volatile eighty and gamma is the element it's hard to quantify these gentleman had done that and that is the value that a qualified financial advisor can bring to your experience and now we have a number dean is that's exactly right and that's where the first twenty two point six percent additional income for comes from now the first article that they wrote a research paper was called alpha beta and now gamma and in this they really talked about how to generate more or income in retirement and that's that come up with the utiliisation of five planning techniques can add as much as twenty two point six percent more income but now this second component is basically saying there's more gamma out there and.

dean david blanchett anna cfp advisor paul kaplan six percent
"david blanchett" Discussed on USA Today

USA Today

01:37 min | 3 years ago

"david blanchett" Discussed on USA Today

"Keebler a partner with keebler and associates in green bay wisconsin and dill robby a professor at the university of wisconsin in whitewater wisconsin first up is david blanchett seem to think that tax what you call a cow alpe is one of the most overlooked aspect of investing so correctly you know why is that and and i guess more importantly what his tax alpha alpha is the thing the investment professional eke out the kind of a rip you got it out performance so you know one example where the picking mutual fund baker courage ten percent at a category twelve percent a you're negative alpha twopercent well no alpha occur lots of different way the one example is intact who think that it too many investors overlook the importance of taxes when it comes to know kicking investments with investment strategy so they might be sitting with the they they might be thinking that they have a large ira or they might be getting a large technical security but all that kind of pretax basis so it obviously becomes pretty important right now it's not what you have but what you keep all right that's what it with the principle at work here well that's i mean you investors return isn't that a peace pact with an inflation rate i think that it you know people should know e you you you you think you know increase in terms of course the taxes are often invisible when you when you pick mutual fund your investment you may think hey great mutual fund manager at the peers but at the same time evening your very tax she didn't so you know relay in hey maybe i should own the investment in um an ira russia the actual count figuring out how to create the right strategy could really goose and investors well in create.

Keebler partner keebler professor wisconsin inflation rate fund manager russia green bay wisconsin university of wisconsin investment professional ira twelve percent ten percent twopercent
"david blanchett" Discussed on BizTalk Radio

BizTalk Radio

02:24 min | 3 years ago

"david blanchett" Discussed on BizTalk Radio

"Program interestingly mr stewart during the break we're having these conversations about hiring professionals and jim mainly do it yourself contractor i we were just discussing that in jim you're pointing out the fact that so many people take on projects they don't have the proper tools they don't have the proper knowledge they don't know what they don't know and the job ends up costing them more or so much time in greenspan aggravation it's just not worth it or falls apart the quickly after it's done so my and i totally agree with you that's why i stay away from anything construction i don't fix my own cars doing stuff because i'm horrible at it i know marble of smart enough i can read emanuel and i can probably figure it out but you mentioned something that he you said once you know the secrets of how to do things now i mean hanging drywall unsound the me like there's that many secrets slap it up there you hammer the thing any gotta put taping there's lots of secret stabbing could go well first of all there's all the code factors of how many how often this state this cruz but just even putting the screw in the drywall takes the technique well see and so when we relate this to financial planning and investing the same sorts of things are also true because what might look fairly simple on the surface a simple asset allocation model turns into something that's not quite as simple because you have pre tax money you have posttax money you have tax free money and raw fire as tax deferred money and annuities now do your asset allocation it's a lot different and then you've got a factor in income sources there's pension income their social security income which comes with a totally different tax treatment there's capital gains tax treatment their short term gains tax treatment there's salaries there's inheritances which could be taxfree there's inheritances and it goes on and on and so if you don't know what you don't know you're more than likely going to make mistakes and with david blanchett at morningstar what vanguard and russell and several other companies have now done is they studied these intangible things and they're basically saying you jim.

jim emanuel cruz david blanchett morningstar mr stewart greenspan social security capital gains russell
"david blanchett" Discussed on BizTalk Radio

BizTalk Radio

02:28 min | 3 years ago

"david blanchett" Discussed on BizTalk Radio

"I welcome back folks the program interestingly mr stewart and i during the break we're having these conversations about hiring professionals and jim being the do it yourself contractor uh we were just discussing that and jim you're pointing out the fact that so many people take on projects they don't have the proper tools they don't have the proper knowledge they don't know what they don't know and the job ends up costing them more or so much time in grief and aggravation it's just not worth it or falls apart the quickly after it's done so my and and i totally agree with you that's why i stay away from anything construction i don't fix my own cars undoing that stuff because um horrible at it i know marble out of phnom smart enough that can read emanuel and i can probably figure it out but you mentioned something that he he said once you know the secrets of how to do things now i mean hanging drywall didn't sound the me like there's that many secrets slap it up there your hammer the thing and then you've got to put taping there's lots of secrets to having a go well first of all let's all the code factors of how many how often this state the screws but just even putting the screw in the drywall takes a technique well see and so when we relate this to financial planning and investing the same sorts of things are also true because what might look fairly simple on the surface a simple asset allocation motto turns into something that's not quite as simple because you have pre tax money you have post tax money you have tax free money and raw fire as you have tax deferred money and annuities now do your asset allocation it's a lot different and then you've got a factor in income sources there's pension income their social security income which comes with a totally different tax treatment there's capital gains tax treatment their short term gains factory members salaries there's inheritances which could be taxfree there's inheritances and then it goes on and on and so if you don't know what you don't know you're more than likely going to make mistakes and with david blanchett at morningstar what vanguard and russell and several other companies have now done is they studied these intangible things and they're basically saying you jim stewart higher contractor.

mr stewart emanuel david blanchett morningstar social security capital gains russell jim stewart
"david blanchett" Discussed on BizTalk Radio

BizTalk Radio

03:02 min | 3 years ago

"david blanchett" Discussed on BizTalk Radio

"Management company out of a northwestern we've heard from morningstar and david blanchett who as their chief investment strategist at morningstar see fa and a cfpb did a study awhile bag with a couple other dudes entitled alpha beta now gamma gamma being described as the added value that advisers can actually bring to the table and he spoke recently at a financial conference uh in philadelphia pa and he discussed what advisers should do to help their clients at this socalled gamma component if you will and i thought i would go through this a little bit because it is critically important that you have an advisor that can add value you've learned on this program and many other programs that advisers really aren't going to deliver significant economic results from stock picking i know we've talked about high active share and a lot of the reasons that you can that an adviser a good moneymanager can add value beyond their fees but i mean it's one person has one and a quarter percent it's not gonna make the difference i don't think when you have to pay them an extra one percent or two percent to do that because the one or two percent the japan is right out of pocket and the one or two percent and they might earn you over and above that expands is somewhat of a gamble isn't it so i'm often what i've advised financial advisers i've advised them to go beyond just picking stocks and picking mutual funds and doing asset allocation because the role does can do that the robots that are out there are all geared up to do that tax loss harvests thing and and all that stuff yeah you can add maybe twenty basis points by doing that automatic rebalancing yeah maybe twenty basis points maybe nothing but there is true value and tremendous value in that relationship where they actually talk to you about your balance sheet and how it looks in comparison to others if you're a business owner what kind of retirement plans might best suit you or how you might save tax dollars i was in a meeting with an individual this past week and this individual could save is a business owner could save at a bare minimum.

morningstar david blanchett cfpb pa advisor japan mutual funds business owner philadelphia two percent one percent