Wiser Wealth Management Blog

Research & Economic Commentary

Letter to clients – March 27, 2020

Congratulations on not panicking and selling in last week’s horrible sell off! Give your future self a high five. The Dow and the S&P 500 have recovered from the lows set last week by 20%. This large rebound technically ends a very short bear market and is the start of a new bull market, although I would not be surprised if we tested our market lows one more time before we have a large move upward. There is a saying that bear markets die on

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Coronavirus update
Research & Economic Commentary

Letter to Wiser Clients March 23, 2020

Dear Wiser Client, I keep looking at the long-term chart of the US stock market. Looking in the rear-view mirror on a chart, it’s easy to find the points during past crisis where I can think, man if you bought stocks there… you would have doubled your money in a short time. It’s also easy to say if I had gotten out there, I could have avoided the pain. Then, I compare the chart to the news events of that time. The oil crisis in

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Research & Economic Commentary

Letter to Wiser Clients March 18, 2020

This week has been one of those weeks where you just want out of the stock market. You are tired of seeing your balance decline. There are a million reasons to keep holding on or investing more, but you don’t remember them exactly. Stay the course. Every dollar into the market buys more shares, every dollar not sold is a dollar that is still generating interest, dividends and will rebound in value. Liquidating could be the end of your future financial security. For our retirees

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Research & Economic Commentary

Wall Street Sell Off

As the market is trying to analyze the economic impact of the coronavirus, it now has to also analyze what cheap oil means for the oil industry and the overall economy. Recent events between Russia and Saudi Arabia have caused oil price to drop below $30 a barrel overnight. This will bring added volatility to the markets. In addition to oil and the coronavirus, bond prices have surged to the highest prices ever, which can also bring new risks on monetary policy by the Federal

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young adult finance
Personal Finance

How young adults can take control of their financial future

Youth is a golden financial opportunity. On average, the younger you are, the fewer expenses you have. People in their 20s are more likely to live at home or with roommates than their older counterparts, and they’re less likely to have big expenses like mortgages or children. Theoretically, young adults should be in a great position to plan for their financial futures. The reality, however, isn’t quite as clear-cut. According to a 2018 LendEDU survey, almost half of millennials spend more on dining out each

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Research & Economic Commentary

Fear versus Data

No one likes losing. It is in our human nature to suppress our losses and focus on our wins or even to just avoid losing all together. When looking at stock market performance, investors are frequently motivated by fear versus data.  It is a known fact that investor behavior can erode as much as 4% annually from market return versus personal returns. People often ask me, how do I “Trump proof” or “Bernie proof” my portfolio? Or, how do I avoid a 2008 again? The

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Coronavirus
Research & Economic Commentary

Coronavirus impact to markets

Stock markets around the globe have been rocked this week by fears of the coronavirus spreading beyond its origin. The coronavirus impact to markets has been seen all week long.  The S&P 500 saw 3% losses on Monday and Tuesday, was flat on Wednesday and had the largest single one-day loss in history on Thursday. As I write this, it looks like we could have the worst week in the market since the financial crisis. Given the ongoing market turbulence and 24-hour news cycle on

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Personal Finance

Mega Backdoor Roth explained

Many individuals may have heard of a back-door Roth IRA contribution, but most are probably not aware of what a Mega Backdoor Roth is. A Roth IRA and a Roth election within a 401k are two separate things. The Roth IRA contribution limit in 2020 is $6,000 (and $7,000 if you’re over 50). A Roth 401k is subject to the annual 401k limits, currently $19,500 for 2020 ($26,000 if you’re over 50). Backdoor Roth (Personal IRA) The annual income limit to contribute to a Roth

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Personal Finance

How does your 401k balance compare?

Do you often wonder if you have more saved for retirement than your friends or neighbors? While it is really more important to know that you are on the right retirement path based on your own needs, everyone also wants to know where they are compared to their peers. At Wiser, we help you determine how much you should be saving so you will be secure in retirement, but let’s look at the latest results of national data on 401k plan balances. First, the good

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Fiduciary

Financial Advisor Fees

I thought I would share the research I prepared to speak at the Inside ETF’s conference this week on financial advisor fees and compensation. To clients, the industry of financial advice has been and probably will always be confusing, especially when every firm seems to look the same. Is there really a difference between a financial advisor working at a bank, a brokerage firm or an independent practice? The answer is yes, but the details get cloudy to the consumer. Personal Capital conducted a trust

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