Faith, Family, & Free Markets… & an occasional hot take.
Joined April 2018
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A Roth Conversion Can Raise Your Medicare Bill: The 2026 Chain Reaction youtu.be/4Kx9D9FpdB4
If you think students should be borrowing money to enter careers that have no hope of helping them pay off the loans—- then YOU are the problem.
Most college degrees are worthless.
MichaelHBaker retweeted
This is AMAZING NEWS!!
The Department of Education will start tying federal student loan eligibility to graduate earning outcomes.
Under the rule:
> undergrad programs must out-earn high school graduates and
> graduate programs must out-earn undergraduate programs
This is going dismantle many BS predatory college programs.
A would be win for the future of American students!
MichaelHBaker retweeted
"And when competition dies, you pay more."
Now let me tell you about my single payer healthcare plan...
Yet another reason to hate Dook.
This is genuinely awful.
Duke is putting Edward Jones’ logo on the court at Cameron Indoor Stadium and calling the relationship “financial education.”
It’s a four-year commercial sponsorship that includes wealth-management category exclusivity, branding, custom content featuring athletes, and financial-education workshops.
Call it what it is, paid marketing and reputation laundering for a financial firm with a less-than-stellar reputation and a business model that includes non-fiduciary brokerage advice, hefty commissions on questionable products, front-end sales loads, and other conflicted forms of compensation.
#PersonalFinance #FinancialLiteracy #Finance
One of the great paradoxes of working with insurance companies--
Money going to them = incredibly easy
Your money coming back to you = act of Congress
Continuing on the news about @Altruist from yesterday... Manish Khatta had a great quote for advisors: "Nobody gives a (beep) about you. Go raise assets & focus on your own business."
The longer I'm in this business, the more I see the truth in this statement. Your custodian doesn't care about you. Your platform doesn't care about you. Your "strategic" partnerships---they don't either.
Everyone is working on their OWN goals. If you fit in that, great. If you don't fit...well, you can exit stage left.
This is the reality.
In other news... it seems a giant (Vanguard) has once again purchased a competitor (Altruist)
Hope the Altruist advisory teams are ready to compete with Vanguard's dial-an-advisor for their own clients.
