Recession Impact 2022

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Reading last Thursday’s WSJ headline: “U.S. GDP Fell at 0.9% Annual Rate in Second Quarter,” I had the brief flash to Fiddler on the Roof’s song “Tradition,” save that the titular chorus was replaced with “Recessioooooooon!” It’s official, the US Economy has entered the definition of a recession. Yet with a recession officially on the books, you might note that …

PTE 2020-02 Misses a Major Point

Daniel Yerger Uncategorized 1 Comment

I’m consternated. For anyone who reads my normal weekly content, this may or may not be for you. This is more of a complaint or concern than an educational piece, but it’s one I feel a need to voice. This year, “Prohibited Transaction Exemption” or “PTE 2020-02” was released, giving guidance to financial planners and advisors about how they needed …

First Impressions

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I’m an extremely passionate advocate for the value of financial planning. I’ve written a book on starting a career in financial planning, am halfway through a doctorate in financial planning, and serve on regional boards and national committees for multiple financial planning organizations. It might surprise you then to know that I had a terrible first interaction with a financial …

Reducing the Cost of YOUR Healthcare

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Here’s a simple experiment: The next time you buy any good or service that isn’t clearly labeled with its price, ask what it costs. For example, if you go to a high-end restaurant and they list cocktails without prices, ask the server what it costs. They will likely know immediately or be able to check out the price quickly on …

When Courage Fails

Daniel Yerger Financial Planning 1 Comment

“A day may come when the courage of men fails, when we forsake our friends and break all bonds of fellowship, but it is not this day.” -Aragorn at the Battle of the Black Gate I have written a lot about volatile markets and market downturns, yet without fail, the lessons of dozens of market crashes before seem to fall …

Pension Maximization

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If you have worked for the government in Colorado, or worked anywhere in the United States for more than ten years, then congratulations, you have a pension! Pensions have been a staple of retirement planning and income for centuries, with the first corporate pension being established in 1875 by the company we now know as American Express. Even before American …

The Cost of Children

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As I’m sure you’re aware, the Supreme Court overruled Roe v. Wade on Friday, overturning a 50-year precedent limiting the state’s ability to restrict access to abortion. Consequently, abortion has become outright illegal in 17 states, and is time-limited in 6 states, while a handful of others are undetermined. Regardless of the state you live in or your personal politics, …

The Environmental Disaster of Crypto

Daniel Yerger Financial Planning 1 Comment

Set up a camera in front of your home and start recording. Do this for two and a half months. When you’re done watch a sped-up time-lapse of the recording. Observe how often and for how long the lights are turned on at night. Watch the garage door roll up and down from time to time. See steam or smoke …

Paradoxical Financial Advice

Daniel Yerger Financial Planning 3 Comments

When I was in the Army, I attended a leadership course that included a land navigation assessment. Land navigation is the old-fashioned practice of using an accurate topographical map, plotting points on the map using coordinates, and physically traveling to those points. These courses would typically take 3-5 hours and be spread over a ten to twenty square-kilometer area, where …