Every day you hear more news about robots and computer systems replacing humans. The same holds true in the financial industry. But is this a good or bad thing? As this article from the Wall Street Journal suggests, it can be a little bit of both.
The 40% bond allocation has killed the 60/40 balanced portfolio. Most investors have heard the saying, “Don’t put all your eggs in one basket.” This is a catchy phrase to encourage investors to diversify their portfolio. And what do they typically do? The majority embrace the standard asset allocation model of 60% stocks and 40% bonds.
Tradition Adviser Chip Wieczorek, CFP® was recently quoted in the article “What you need to know about buying an annuity."
Read it here.
College Funding requires planning even for high income earners - read more.