Podcast appearances and mentions of allan roth

In this week's podcast episode, "10 Financial Hot Topics for 2024: Boring and Painful," join me and Matt Robison as we delve into Allan Roth's latest financial insights for 2024.We cover critical topics my clients often ask about, from understanding the difference between real and nominal returns,and managing cash to avoid inflation's eroding effects, to ensuring your investments oscillate between boring stability and occasional pain.We also discuss the importance of transitioning from saving to spending in retirement, staying calm during market downturns, and achieving true diversification. Tune in to learn about balancing bond investments, protecting against inflation with TIPS, and staying financially educated. Don't miss it!Are you ready to create your ideal lifestyle? Let's Connect.Learn more about Mike and my services at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/

Show Notes:Tweet from David Cox, CMT, CFA on 6.14.24 - https://x.com/DavidCoxRJ/status/1801606503608013123? Article from Allan Roth on Advisor Perspectives titled “Why Stock Buybacks Are Great For Investors” on 5/23/24 - https://www.advisorperspectives.com/articles/2024/05/23/why-stock-buybacks-great-for-clients-allan-roth Tweet from Trend Spider on 6/5/24 - https://x.com/TrendSpider/status/1798557929119092829

Veteran advisor navigates the nuances of the current bond market.

On October 24, 2022, precisely a year ago, we published an article by Allan Roth in Advisor Perspectives, The 4% Rule Just Became a Whole Lot Easier.  The idea for that article came from a conversation that Allan and I had.  I noted that real rates, as expressed by TIPS, were about 1.75%.  I thought that it would be possible to lock in the proverbial 4% safe withdrawal rate.  Allan did the analysis and found that, indeed, a 4.36% safe withdrawal rate was possible.  That article received widespread attention throughout the financial media. Perhaps it even had a role in the introduction of BlackRock's new suite of defined-maturity TIPS ETFs.-Here are a few links to resources:Allan Roth's article, The 4% Rule Just Became a Whole Lot Easier - https://www.advisorperspectives.com/articles/2022/10/24/the-4-rule-just-became-a-whole-lot-easierAllan Roth's article, A Case for BlackRock's New Defined-Maturity TIPS ETFs - https://www.etf.com/sections/features/case-blackrocks-new-defined-maturity-tips-etfsIShares iBonds TIPS ETFs - https://www.ishares.com/us/literature/press-release/tips-ibonds-press-release.pdfBlackRock Flexible Income ETF (BINC) - https://www.blackrock.com/us/individual/products/331752/blackrock-flexible-income-etfBuyWrites Suite - https://www.ishares.com/us/literature/press-release/buywrites-pr-fnl.pdfA Wall Street Journal article about using TIPS ladders - https://www.wsj.com/personal-finance/tips-treasury-inflation-protected-securities-2023-7886474e?st=845ykpj6qxa4zfu&reflink=desktopwebshare_permalink A message from Advisor Perspectives and VettaFi: To learn more on this and other topics, check out our full schedule of upcoming CE-approved virtual events. Cryptocurrency investments have been among the top performers in 2023 and over the last ten years. However, the landscape could be changing in early 2024 with the potential approval of the first spot bitcoin ETFs in the U.S. What do ETF-oriented advisors need to understand about cryptocurrencies? Register now for our Crypto Symposium to get your Crypto questions answered. For more info visit https://www.etftrends.com/webcasts/crypto-symposiumExchange taps thought leaders and industry names to share the latest in portfolio construction and product innovation. Ensure your clients reach their growth goals with the most current thinking from top experts. You'll leave with at least one new strategy, product idea, or a portfolio construction tip to apply to your portfolios. For more information on Exchange, visit https://www.exchangeetf.com/

In this episode we respond to emails from Matt, MyContactInfo, Alexi (a/k/a "Dude") and Sharon.  We follow up on Matt's email from Episode 286, talk more about using Portfolio Visualizer and safe and perpetual withdrawal rates, Allan Roth's critique of Wade Pfau's analysis and article and related issues, and individual bonds vs. bond funds.Links:Matt's Current Portfolio Monte Carlo Sim:  Monte Carlo Simulation (portfoliovisualizer.com)Similar Allocation Monte Carlo Sim:  https://tinyurl.com/2p8twtdpGolden Butterfly Monte Carlo Sim:  https://tinyurl.com/54c9b68xModified Golden Ratio Monte Carlo Sim:  https://tinyurl.com/4pca2sdhAQR Paper on Trend Following:  A Century of Evidence on Trend-Following Investing (aqr.com)Retirement & IRA show (Episode EDU #2334):  Reexamining The Fun Number, MDF and Secure Income: EDU #2334 - The Retirement and IRA ShowAdvisor Perspectives Article #1:  Are Fixed Indexed Annuities More Efficient Than Bonds? - Articles - Advisor PerspectivesAdvisor Perspectives Article #2:  Challenging Morningstar's Safe Withdrawal Rates - Articles - Advisor PerspectivesWealth of Common Sense Article re Epidemic of Over-saving:  You Probably Need Less Money Than You Think For Retirement - A Wealth of Common SenseWealth of Common Sense Article re Bonds vs. Bond Funds:  Owning Individual Bonds vs. Owning a Bond Fund - A Wealth of Common SenseWalk4McKenna:  Walk4McKenna - Father McKenna CenterSupport the show

Bill and Becky chat with Allan Roth today.  Allan is the founder of Wealth Logic, LLC., an hourly-based Investment Advisory and Financial Planning firm that uses behavioral finance, logic, and data to develop a financial approach that will produce significantly higher real returns than most investors for their desired level of risk.  He has been working in the investment world for 25 years in corporate finance and also has additional decades of experience in portfolio construction and performance benchmarking. Allan takes pride in being mocked on a semi-regular basis by some financial professionals for his hourly fee model and its apparent inability to make him rich. He is also the author of How A Second Grader Beats Wall Street and writes for AARP, Barron's, ETF.com, Advisor Perspectives, and others.  Allan has taught investments and behavioral finance at the University of Denver, Colorado College, and the University of Colorado at Colorado Springs and currently teaches continuing education classes on the subject to CPAs, attorneys, and CFP® certificants. Despite the many credentials he has earned, Allan claims he can still keep investing simple and “dares us to be dull” and think like second graders in our investing. His professional goal is never to be confused with Jim Cramer. Connect with us! @catchinguptofi  buy CUtFI a coffee Resources mentioned on the show: Wealth Logic - Dare to be Dull How a Second Grader Beats Wall Street by Allan Roth A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton G. Malkiel The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley Prospect Theory Predictably Irrational by Dr. Dan Ariely The Bogleheads' Guide to the Three-Fund Portfolio: How a Simple Portfolio of Three Total Market Index Funds Outperforms Most Investors with Less Risk by Taylor Larimore The Simple Path to Wealth: Your road map to financial independence and a rich, free life by JL Collins How to Think About Money by Jonathan Clements The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle Common Sense on Mutual Funds by John C. Bogle tipsladder.com Fama and French's Three-Factor Model Open Social Security: Free, open-sourced Social Security strategy calculator The Long View Podcast Episode: I Embrace Dumb Beta with Allan Roth Catching Up to Fi Episodes 008 & 009: We're Talking Millions! With Paul Merriman bogleheads.org Morningstar Yahoo Finance Winning the Loser's Game: Timeless Strategies for Successful Investing by Charles D. Ellis 2023 Bogleheads Conference   Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.

For legal reasons, we want to make it clear that THIS EPISODE IS NOT FINANCIAL ADVICE.This is also not an episode about the history of capitalism, or investment recommendations, or an exploration of the economy or financial markets.This is an honest conversation that acknowledges the multifaceted beliefs, emotions, mindsets and sensitivities people have about money. At the heart of it, money is a nuanced and personal experience. Money isn't just a currency. It's a reflection of our lives and our values. Money is a conceptual, energetic, and necessary tool to help you understand your self-worth. Because your self-worth is your net worth.In this episode, we share our personal experiences with money and share our thoughts and information about lack mindsets, growth psychology, manifestation techniques, and more. We're bouncing between topics associated with privilege, greed, jealousy and beyond to better develop a healthier relationship with money.The intersection of spirituality and wealth can make the values in our hearts collide with the demands of the material world. It's a complex subject — one that we'll tackle from multiple angles in a few different episodes over time. But as we begin the conversation with this episode, our goal is to acknowledge the profound ways money influences our lives, and help you understand the importance of viewing money beyond a tangible object. Ultimately, it's about seeing the endless wealth that exists when you tune into your authenticity."Since its creation, money hasn't been just a measure of wealth; at times it's been a symbol of our values and a test of our morality. The way in which one uses money may build or destroy one's reputation and standing in a community, and it certainly demonstrates one's character. Because money is an expression of value, it matters how it's expressed." — Kabir Sehgal***As mentioned at the end of the episode, below is a list of our recommended books about money, wealth, abundance and prosperity. Whether you want a psychological deep dive, a witchy spell book, an EFT tapping guide, a historical viewpoint, an academic approach, a metaphysical perspective, or just a practical way of better understanding money markets, budgeting, investing or otherwise, you'll be able to find something in this list that sparks your interest:“Coined” by Kabir Sehgal“The Soul of Money” by Lynne Twist“The Richest Man in Babylon” by George S. Clason“Tapping Into Wealth” by Margaret M. Lynch“Prosperity Magick” by Cassandra Eason“The Great Depression: A Diary” by Benjamin Roth“The Psychology of Money” by Morgan Housel“How A Second Grader Beats Wall Street” by Allan Roth“The $100 Startup” by Chris Guillebeau“Think And Grow Rich” by Napoleon Hill“The Simple Path To Wealth” by J L Collins“Worthy” by Nancy Levin“Financial Sorcery” by Jason Miller“I Will Teach You To Be Rich” by Ramit Sethi“The Millionaire Next Door” by Thomas J. Stanley“The Energy of Money” by Maria Nemeth“Creating Money” by Duane Packer“Devil Take The Hindmost” by Edward Chancellor“Happy Money” by Ken Honda“Riches Are Your Right” by Joseph Murphy“You Are A Badass At Making Money” by Jen Sincero“Flow” by Mihaly Csikszentmihalyi“The Magic of Manifesting Money” by Ryuu Shinohara“Common Sense and Mutual Funds” by John C. Bogle“Your Money and Your Brain” by Jason ZweigP.S. PLEASE TAKE A MOMENT TO LEAVE US A 5-STAR REVIEW ON APPLE PODCASTS OR SPOTIFY!!! IT HELPS SO MUCH! Additional Resources:Clairannoyance InstagramClairannoyance TikTokClairannoyance WebsiteMegan's InstagramMegan's TikTokMegan's WebsiteRyan's InstagramRyan's TikTokRyan's Website

Our guest for this revisited episode of Beyond the Balance Sheet is financial planner and writer, Allan Roth. Allan speaks about his unconventional business model of having the lowest client retention rate where he provides clients with a one-time financial plan and then gets fired. Allan and Arden discuss his goal to help people have an exciting life by having an incredibly boring investment plan. As a frequent contributor for publications such as The Wall Street Journal, New York Times, and Bloomberg, Allan explains his simple investment philosophy and the different ways he helps clients to minimize their risk and maximize a high return.   IN THIS EPISODE:    [01:57] Allan's investment philosophy and how he manages client's risk and fear during uncertainty. [05:10] Allan's business model and thoughts on a holistic approach to investing. [08:00] Who can this model work for: Allan's low client retention model. [10:33] Minimizing risk through investment sectors and index funds versus individual companies. [16:36] Generational investing and advice for future financial advisors.    KEY TAKEAWAYS:    One way to experience success in investing is having discipline to stick to your financial plan. This means buying and selling even when it's difficult. The older we get, the more money means to us and the harder it is to invest but we have to remain disciplined. If you own thousands of companies, you're taking a smart risk. You're minimizing the risk in the market. The market itself is risky, but this way you're maximizing the probability of having a good outcome.  Allan encourages clients to own the entire market. Sometimes, clients don't want to invest in certain sectors because of a lack of understanding or having certain religious beliefs that don't align with company values. Invest in all industries, take the profits earned from those low cost index funds, and then contribute that to whatever cause they believe in.   BIO: Allan is a financial planner and writer. His investment columns can be found in publications such as AARP, Barron's, ETF.com, and Advisor Perspectives.  Allan has been an adjunct finance faculty member at Colorado College, the University of Colorado at Colorado Springs, and the University of Denver. He is frequently quoted in such publications as The Wall Street Journal, New York Times, Bloomberg, and others.  Allan is the founder of Wealth Logic, LLC, an hourly-based financial planning and investment advisory firm.  Neither he nor the firm has ever charged commissions or fees based on assets under management. The goal of his firm is to provide clients with a one-time plan and then get fired. Allan is proud to have the lowest client retention rate in the business. Allan is a licensed CPA and CFP and has an MBA from Northwestern University (Kellogg), but still claims he can keep investing simple, at least as simple as possible, given very complex tax issues in developing a plan.     Allan Roth Website   Allan Roth on LinkedIn

Show Notes:Tweet from Max Pashman, CFP -https://twitter.com/maxpashman/status/1606410087106752512Article written by Allan Roth on AARP -https://www.aarp.org/money/investing/info-2022/time-sensitive-financial-decisions-after-death-of-spouse.html

Q&A: Most common client questions lately: Will I have to change my retirement goals or retirement income due to the down market? Short-term risk versus long-term risk, taxes, inflation, overspending Sequence of return risk... https://www.schwab.com/learn/story/timing-matters-understanding-sequence-returns-risk  Worst year ever for bonds? https://www.advisorperspectives.com/articles/2022/10/17/six-good-things-to-tell-clients-about-this-horrible-market   Article: “Six Good Things to Tell Clients About This Horrible Market” by Allan Roth, 10/17/2022.   Four Options Plus Combo Option for Preparing for Potential Airline Disability Be ready to live on your maximum disability payout. Takes careful budgeting and cash flow management. For example: Be ready to freeze your “core” budget at FO pay.   Or on one person's salary if you are a dual-income family. Create a (mega) Emergency Fund.  Work to self-insure.  Becoming your own insurance company! We believe the six-month emergency fund is the minimum for airline pilots.  One year is even better.  An emergency fund of cash or cash-like investments gives you great flexibility.  It can bridge the gap until you are able to get your FAA medical back.   If appropriate and cost-effective, purchase additional disability insurance.  Consider how a long-term disability would affect your retirement savings.  For example, if you can live on the current disability insurance your airline offers, would you also be able to save for retirement?  Your retirement plan assumes annual savings into tax-advantaged retirement accounts.   Become financially independent! This most likely applies to the pilots that are nearer to retirement.  If they lost their FAA medical, then these folks could more easily transition into early retirement. On the other hand, this is a great goal for all pilots to shoot for as soon as possible. This step encompasses working on all the steps listed here as well as saving in your retirement accounts. Combination of 2 or more options 1-4. Additionally, we suggest exploring other skill sets that may allow for additional income away from aviation in the case of long-term disability. What do you love to do outside of flying? Have fun with it and dream a little! For example, become a financial planner! Pilots are much more marketable than they think.      

Allan Roth is a brilliant, kind, entertaining and generous investment advisor.  He has a long waiting list of clients that range from millionaires to billionaires. His goal isn't to become rich--it is to help other people invest their money wisely.  Honesty is his super power. I discovered him a decade ago when the Wall Street Journal featured him because Allan has a very unusual approach to working with clients--charging by the hour.  No smoke and mirrors--no steep commissions or wealth management fees.  He doesn't sell any financial products.  He simply helps his clients structure the most sensible investment portfolios for their risk preference and lifestyles using low cost investment vehicles.   By not charging commissions or accepting commissions for financial products, he can be completely objective.  Allan takes pride in being mocked on a semi-regular basis by some financial professionals for his hourly fee model and its obvious inability to make him rich. He is also the author of "How A Second Grader Beats Wall Street"  (Wiley & Sons in 2009 and 2011) and writes for various financial publications.   He has been quoted in such publications as The Wall Street Journal, Money Magazine, The New York Times and Dow Jones MarketWatch, and appeared on numerous TV and radio shows.Despite the many credentials (CFP, CPA, MBA) he has earned, Allan claims he can still keep investing simple. His professional goal is to never be confused with Jim Cramer.Allan is the founder of Wealth Logic, LLC. An hourly based financial planning and investment advisory firm. He has been working in the investment world with 25 years of corporate finance. Allan has served as corporate finance officer of two multi-billion dollar companies, and consulted with many others while at McKinsey & Company.    Allan has taught behavioral finance at the University of Denver and has been an adjunct faculty member at Colorado College and the University of Colorado at Colorado Springs. He currently teaches investing and behavioral finance for continuing education credits to CFPs, CPAs, and attorneys.Find more of Allan's advice at his website "Dare to Be Dull" https://daretobedull.com/Be sure to subscribe to his newsletter to get current financial advice Learn more at StephanieNelson.comDownload Stephanie's free ebook to cut your grocery bill in half--no coupons required!Follow us on Instagram at https://www.instagram.com/stephanie_nelson_cm/Follow us on Facebook at https://www.facebook.com/couponmom?ref=ts

Today's guest is financial planner and writer, Allan Roth. Allan speaks about his unconventional business model of having the lowest client retention rate where he provides clients with a one-time financial plan and then gets fired. Allan and Arden discuss his goal to help people have an exciting life by having an incredibly boring investment plan. As a frequent contributor for publications such as The Wall Street Journal, New York Times, and Bloomberg, Allan explains his simple investment philosophy and the different ways he helps clients to minimize their risk and maximize a high return.   IN THIS EPISODE:    [01:57] Allan's investment philosophy and how he manages client's risk and fear during uncertainty. [05:10] Allan's business model and thoughts on a holistic approach to investing. [08:00] Who can this model work for: Allan's low client retention model. [10:33] Minimizing risk through investment sectors and index funds versus individual companies. [16:36] Generational investing and advice for future financial advisors.    KEY TAKEAWAYS:    One way to experience success in investing is having discipline to stick to your financial plan. This means buying and selling even when it's difficult. The older we get, the more money means to us and the harder it is to invest but we have to remain disciplined. If you own thousands of companies, you're taking a smart risk. You're minimizing the risk in the market. The market itself is risky, but this way you're maximizing the probability of having a good outcome.  Allan encourages clients to own the entire market. Sometimes, clients don't want to invest in certain sectors because of a lack of understanding or having certain religious beliefs that don't align with company values. Invest in all industries, take the profits earned from those low cost index funds, and then contribute that to whatever cause they believe in.   BIO: Allan is a financial planner and writer. His investment columns can be found in publications such as AARP, Barron's, ETF.com, and Advisor Perspectives.  Allan has been an adjunct finance faculty member at Colorado College, the University of Colorado at Colorado Springs, and the University of Denver. He is frequently quoted in such publications as The Wall Street Journal, New York Times, Bloomberg, and others.  Allan is the founder of Wealth Logic, LLC, an hourly-based financial planning and investment advisory firm.  Neither he nor the firm has ever charged commissions or fees based on assets under management. The goal of his firm is to provide clients with a one-time plan and then get fired. Allan is proud to have the lowest client retention rate in the business. Allan is a licensed CPA and CFP and has an MBA from Northwestern University (Kellogg), but still claims he can keep investing simple, at least as simple as possible, given very complex tax issues in developing a plan.     Allan Roth Website   Allan Roth on LinkedIn

In this episode, The Annuity Man and Allan Roth discuss:  Minimizing expenses and emotions Social security is the best annuity Monte Carlo simulation method  Some simple investing principles everyone should know   Key Takeaways:  Minimize expenses and emotions to maximize results. You need discipline and emotional fortitude to stay the course and not panic.  Social security is the single best, inflation-protected, government-backed annuity on the planet.  Garbage in, garbage out. Similarly, if you go into something with realistic assumptions, you'll get real answers with no-nonsense.  The more you pay in fees, the lower your returns will be. Don't put all your eggs in one basket. Know the odds of a game before you play. Don't lend your money to someone who can't pay you back.    "In 8 words, investing is ‘minimizing expenses and emotions, maximizing diversification and discipline.'" —  Allan Roth    Connect with Allan Roth : Website:  https://daretobedull.com  Twitter: https://twitter.com/Dull_Investing    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

Financial writer Allan Roth likes to say that "investing is simple, but not easy", and I couldn't agree more. In this episode, we dive into why investments are extremely important, but not as important as people think.

For this week’s podcast, I called up financial planner and author Allan Roth to ask one simple question: “What the hell is going on with the stock market?”I’ve long believed that it is folly to forecast the market’s direction, and this podcast serves as a nice reminder of why I’m right about that! When I first invited Allan to talk about the market earlier this week, the backdrop was the gravity-defying rally of the last couple months. The day after we talked, the S&P 500 racked up its worst day since March, falling nearly 6 percent. I’m writing this on Friday morning; how will the market do today? I haven’t got a clue. The rally since March made no sense to me in the first place. Jeff Sommer summarized this sentiment nicely in a column for The New York Times last weekend:Towns and cities across the United States have been convulsed in protest against police killings of black people. The president has declared that he is prepared to deploy the United States military to “dominate” the streets — while his secretary of defense says he opposes using military force against American civilians.Teetering on a constitutional precipice, the country faces catastrophic unemployment, grave trade tensions and a deep recession. And no one needs reminding that the world has been stricken by a coronavirus pandemic that has already killed more than 380,000 people, more than 106,000 of them in the United States.You may want to place these items in a different order, add some or subtract others. But it would seem that at least we can all agree that we are looking at an ugly picture.Yet there is a glaring exception to all this gloom: the stock market. It has been absolutely fabulous! In fact, by some measures, the American market has never been better.On Thursday, the stock market seemed to be facing reality after a fresh Federal Reserve projection that the economy faces a long, multi-year slog back to health, and that much uncertainty remains. But we might recover from the drop quickly. Or not.Allan Roth joined me for a podcast back in March to talk about how average retirement investors should think about market volatility. He was back on my radar screen this week following an excellent column for Adviser Perspectives titled The Question Every Advisor Must Answer. This piece runs through the panicky questions and assertions many financial planners are fielding from clients these days:An economic depression is possible, if not likely.There will be at least a 50% market decline.The chance of a rally, much less getting anything close to historical stock returns, is near zero.A state-issued general obligation (GO) muni bond held to maturity is safe – no defaults since 1932 – and yields 5% on a taxable equivalent basis.Take everything out of stocks for at least six months or until after a big correction.In our conversation, Allan and I considered those questions and more. Listen to the podcast by clicking the player icon at the top of this page. The podcast also can be found on Apple Podcasts, Spotify and Stitcher.RetirementRevised.com guide: Timing your RetirementSpeaking of working longer - if you’re a subscriber, check out my recent guide on Timing your Retirement. This guide gets into the details on how timing impacts your retirement security. You can find it on the newsletter guide page for paid subscribers.If you haven’t subscribed yet, give it a try - $60 annually or $5 per month, no obligation and feel free to cancel at any time. You’ll have access to all of my newsletter content and podcasts, plus all of the retirement guides, including:Claiming Social SecurityTransitioning to MedicareSelecting Medicare plansAging in PlaceManaging the cost of health care in retirementHow to hire a financial advisorClick the little green button below to subscribe, or here to learn more about the newsletter and podcast.These economists want to lock down everyone over age 65Here’s a truly outrageous plan for getting the economy back up and running: simply force everyone over age 65 into lock down.That’s one of the ideas floated in a frightening research paper by three economists from the Massachusetts Institute of Technology. Their argument: since older people are at greater risk of serious illness and death, let’s just force them all to stay home and let everyone else get back to work. Here’s how they summarize it in an article for Time magazine:As is well documented, the mortality risk from COVID-19 is highly correlated to age. Because those over 65 years of age have around 60 times the mortality rate of those ages 20 to 49, lock downs on the elderly as a protective measure can be very effective in reducing deaths. They also have lower economic costs than lock downs for younger adults, as only around 20% of those over 65 are still working.The choice between protecting lives and economic recovery is complex and difficult–not least because politicians and the public alike disagree on the trade-off between excess deaths from the pandemic and the economic damages. But our study shows, no matter what the priorities are, targeted policies bring both public-health and economic benefits.Ok, first of all - comorbidity risk is not high only for the elderly. It is very high for people who are obese, have diabetes or asthma, for example. Do we place all of them in a mandatory lock down, too?Just to be clear - I think older people should be isolating themselves to protect against risk. That only makes sense, on a voluntary basis. But a mandatory, discriminatory policy based on age does not.The article doesn’t explore the implications of such a policy from an age discrimination standpoint - that is, what about older workers who are still on the job? This probably is because their paper they classify everyone over age 65 as “old.” (They didn’t have the nerve to use that description in the Time article - only in their research paper, which is here).This study underscores why it is so important to rely on guidance on COVID19 from real experts - who just happen to be epidemiologists. Not economists.Speaking of epidemiologists . . .The New York Times asked more than 500 epidemiologists when they personally expect to resume 20 activities of daily life, assuming that the pandemic and the public health response to it unfold as they expect. The results offer a telling snapshot of what the real experts on the pandemic expect, from a “vote with your feet” perspective. This is well worth a glance - the charts alone are worth a thousand words.The upshot: for most of them, resumption of daily activities is anywhere from three months away to more than a year.Recommended reading this weekThe latest on prescription drug reform proposals from the presidential campaigns and Congress . . . 30 companies that hire for part-time, remote work-from-home jobs . . . Policy ideas for strengthening the Medicare Hospital Insurance trust fund . . .Nearly half of workers expect to withdraw savings because of the COVID-19 crisis. This is a public episode. Get access to private episodes at retirementrevised.substack.com/subscribe

This week on episode 282 of the We Like Drinking podcast we’ll be discussing wine ingredient labeling, whisky, and we’re discussing whisky cocktails with one take Allan Roth from Glenfiddich, and we’re talking about Glenfiddich with ambassador Allan Roth, so crack open that beer, uncork that wine, and let’s get drinking! Make sure you never miss another episode of our brand of drinking fun by visiting  WeLikeDrinking.com/Subscribe  Panel Introductions And What We’re Drinking Tonight we’re joined by our usual panel members, we have our California Sustainable Winegrowing Ambassador, and recovering Wine Blogger, Jeff Solomon, our commercial brewer and snake wrangler, John Ruyak, and I’m your host and certified specialist of wine, Jeff Eckles. Our guest this week is brand ambassador for Glenfiddich Scotch Whisky. He’s a formally trained teacher and researcher who focuses on the human elements of production and processes that go into creating the award winning flavors you’ll find in every glass of Glenfiddich. Please help us welcome, Allan Roth. You can find Allan on Instagram at @glenfiddichar You can find Glenfiddich on Instagram at @gledfiddichus Wine, Beer, Spirit, or Pop Culture Reference Solomon - Dufftown Allan Roth Interview All things Glenfiddich Booze News  Eckles - Labeling wine ingredients - https://www.wine-searcher.com/m/2020/05/europe-moves-on-wine-ingredient-labeling Last call That’s right, it's time to break out your phones and give us a hand. Follow us on the socials, Twitter, Instagram and our private group on Facebook known as the Tavern. Allan, once again, remind our listeners the best places to find you on the social spaces. Search up the show on Apple Podcast and leave us a big fat 5 star review. And, if you enjoyed this episode in particular, share it with a friend. And, visit We Like Drinking dot com slash pledge to find out more information about becoming a patron of the show and help  You can also find the show notes for this episode with all the links to the stories or mentions we had at http://welikedrinking.com/episodes

Allan Roth, a CPA turned financial planning professional, joined us for this episode of Where Accountants Go, the Accounting Careers Podcast! Allan was suggested to us by a listener of the show, and we were very intrigued when we did a little research on Allan's business.  If you have ever thought that you could use your accounting background to launch you into the field of investment management, this show is going to be a ‘must hear'. In this interview, we explore how Allan… Started in accounting due to an aptitude test he took while still in high school, Then got into the profession, earned his CPA certification, but then realized it wasn't for him, So he went back to school and soon after continued his career in Corporate Finance, To then eventually start his own financial advising consulting practice in 2003, which he still operates today. Allan has a unique perspective on investing, as you can tell from the URL for his website – www.DareToBeDull.com.  I think you will not only enjoy this interview, but gain many insights that make you both re-consider how you view your investment planning as well as your career. For more episodes on related topics, check out these episodes as well:  Ben Simiskey and Steve Goodman To listen in on this interview with Allan Roth, please click on the player below.

This week on the podcast, we’re going to talk about stock market volatility and risk with two financial planning experts who deal with both on a regular basis as they work with clients. As of this writing (Wednesday), the S&P 500 is down nine percent - and that’s just today. The S&P is down about 25 percent from its peak in February and there’s no reason to think the market won’t fall further before it stabilizes.In some respects, this episode is about fear. Plenty of retirement investors are experiencing it - fear about the market’s volatility, and the risks that poses to their retirement. And even more important is our fear about the future health of the economy, which is headed toward a steep recession induced by the health crisis.My guests are two experienced financial planners. Allan Roth is the founder of Wealth Logic. Allan has been working in the investment world for decades in both corporate and personal finance. Also joining me is Jay Abolofia, founder of Lyon Financial Planning. Another interesting thing - Jay has an Ph.D. in applied economics. So, he brings a perspective to this that goes beyond just the markets.Listen to my conversation with Allan and Jay by clicking the player icon at the top of this newsletter page. The podcast also can be found on Apple Podcasts, Spotify and Stitcher.Separately, check out my Reuters column this week on the same topic, and this one for The New York Times last week on market risk. The story poses this question: what if you just want to get out of the market entirely? Is that advisable? (Spoiler alert: my answer is “no.”)Coronavirus forces Social Security to close its officesThe coronavirus crisis forced the Social Security Administration to close its network of more than 1,200 field offices to the public this week. The offices help thousands of people every day with applications for retirement, disability and Medicare benefits. Field offices will be closed to the public in most situations until further notice because of the coronavirus public health crisis, administration officials said. Offices that hear disability insurance appeals also are closed.Most employees will be working remotely; service will continue to be available via the agency’s toll-free line, (800) 772-1213, and its website. Payments to more than 69 million Social Security beneficiaries are not affected.Keeping the offices open was a threat to the public’s health and that of the agency’s work force. Visitors often experience long waits in rooms filled with dozens of people — most often, seniors and disabled people, who are among those most at risk from the virus. Cleaning of the offices is minimal.Field offices will only offer in-person assistance for a very short list of crucial services. These include reinstatement of benefits in dire circumstances; assistance to people with severe disabilities, blindness or terminal illnesses; and people in dire need of eligibility decisions for Supplemental Security Income or Medicaid eligibility related to work status. Those seeking these services must call in advance.For all other services, you’ll need to use the toll-free number or the website.In The New York Times earlier this week, I detailed the ins and outs of how business can be conducted going forward with Social Security. A topic of special concern now is scams - it’s sad to say, but fraudsters working identity theft schemes are likly to try to take advantage of the heightened phone traffic that will be going on between Social Security and claimants. So, pay careful attention to the info in that Times story on that subject, and also consult this separate piece about Social Security fraud.Why Coronavirus is nothing like the fluNo serious public health expert thinks that comparisons of COVID19 with garden variety flu are valid. Here’s Charles Ornstein of Propublica:As Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, and others have said, COVID-19 is deadlier than the flu. It’s deadlier for young adults. It’s deadlier for older adults. In China, early data shows that it was 10 times deadlier. This chart from Business Insider compares U.S. flu deaths to deaths in China from COVID-19.The flu kills less than 1% of infected people who are over age 65. By comparison, in China, COVID-19 killed 8% of those infected who were 70-79 and almost 15% of those infected who were age 80 or older. A primer on annuitiesThe annuities market is plagued by an assortment of opaque names for its products. Look under the hood of the industry and you will find that some annuities are fairly easy to understand while others are not. Lately, the most complex ones seem to sell best. How to navigate the annuities landscape? Let’s get out the maps.Roundup of important coronavirus developmentsThe risk of contracting the coronavirus and becoming ill with COVID-19 is highest for older Americans. One thing I do every week as a journalist covering retirement aging is to sift through hundreds of articles and research reports, and right now virus news is everything. Each week in the newsletter, I’ll be curating and passing along the best information I can find for readers. My aim here is not quantity, but quality. We’re all being inundated with information right now, so I’m doing my best to send along only the stories I think are must-know and that come from information sources I know are rock solid.This week’s news:NPR: Nursing homes brace for coronavirus threats . . .How well does a particular nursing home stack up on fighting infections? . . . . The Trump administration has been working to relax regulations governing America’s nursing homes, including rules meant to curb deadly infections among elderly residents . . . The federal government has lifted restrictions on telemedicine to make it easier for physicians to interact with patients during the crisis . . . Married couples have different styles of coping with crisis . . . In the age of Covid-19, we’re all getting a taste of social isolation many older adults experience daily . . . As coronavirus surges, programs struggle to reach vulnerable seniors living at home. This is a public episode. Get access to private episodes at retirementrevised.substack.com/subscribe

In this episode, we ask: Have you been listening to us for awhile? Do you know how much we appreciate you? What is the definition of the word scam? Were you first skeptical when you heard of Bank on Yourself®? Is Bank on Yourself® a scam? Are critics thinking clearly? What are Mark’s credentials? Does...

Our guest on the podcast today is Allan Roth, one of the pre-eminent hourly financial advisors in the United States. After a career in corporate finance and as a consultant for McKinsey and Company, Roth started the holistic financial advisory firm Wealth Logic in 2003. Wealth Logic focuses on financial planning and ultra-low-cost simplified investing; his firm's motto is "Dare to be Dull." In addition to working directly with clients, Roth is a prolific writer: He's the author of How a Second Grader Beats Wall Street, which was published in 2009 with the second edition in 2011, and he's also a regular contributor to Financial Planning magazine, Advisor Perspectives, ETF.com, and AARP. Background Information • Allan Roth bio  • How a Second Grader Beats Wall Street  • Allan Roth's archive for Financial Planning   • Allan Roth’s archive for Advisor Perspectives  • Allan Roth's archive for ETF.com  • Allan Roth's blog on AARP.org  Advice Business/Choosing an Advisor • "Save $52,000 on Financial Advice," by William Baldwin (Forbes, May 10, 2016) • Vanguard Personal Advisor Services  • "The CFP Board 'Inexcusably' Protects Certificants," by Allan Roth (Financial Planning, Aug. 2, 2019) • "Does the CFP Board Choose Advertising Over Enforcement?" by Allan Roth (Financial Planning, Sept. 24, 2018) • "Looking for a Financial Planner? The Go-To Website Often Omits Red Flags," by Jason Zweig and Andrea Fuller (The Wall Street Journal, July 30, 2019)  • "CFP Board to Create Tax Force to 'Strengthen and Modernize' Enforcement," by Brian Anderson (401(k) Specialist, July 31, 2019) • "CFP Board Responds to The Wall Street Journal" (cfp.net, July 29, 2019)  • "How to Choose a Financial Planner," by Allan Roth (AARP Magazine) • Finra BrokerCheck  Asset Allocation • "William Bernstein: If You've Won the Game, Stop Playing" (The Long View podcast, May 7, 2019) •"How to Set Your Asset Allocation," by Allan Roth (The Wall Street Journal, Dec. 2, 2016)  • "The Risk of Taking a Risk-Profile Questionnaire," by Allan Roth (CBS News.com, Aug. 21, 2009)  • "Financial Advisor Exposes His Own Portfolio," by Allan Roth (AARP.org, June 15, 2015) • "Mind the Gap 2019" by Russ Kinnel (Morningstar.com, Aug. 15, 2019)  Investment Selection and Portfolio Management • "Why CDs Can Still Be Better Than Bonds by Allan Roth," by Allan Roth (CBS News.com, Aug. 20, 2013) • "Municipal Bonds and the Industry's Dirty Little Secret," by Allan Roth (CBSNews.com, June 20, 2010)  • "4 Reasons Not to Load Up on Muni Bonds," by Allan Roth (aarp.org, July 14, 2015) • "At Last, a Tool Muni Investors Sorely Needed," by Allan Roth (CBSNews.com, July 8, 2014)  • Municipal Bond Price Discovery Tool  • "A Seer on Banks Raises a Furor on Bonds," by Nelson D. Schwartz (New York Times, Feb. 10, 2011)  • "Low-Risk Inflation Protection from Uncle Sam," by Allan Roth (aarp.org, Feb. 24, 2017)  •"When Will Smart Beta Be Smart?" by Allan Roth (ETF.com, July 9, 2019) •  "Boosting Returns with Rebalancing" by Allan Roth (ETF.com, March 19, 2018) • "Give Due Care to Your Cost Basis Elections," by Christine Benz (Morningstar.com, Feb. 27, 2013) • "Advanced Strategies for Investment Taxation" by Allan Roth (Advisor Perspectives, May 6, 2019) • Smart Beta (Research Affiliates) • "How Can Smart Beta Go Horribly Wrong" by Rob Arnott, Noah Bech, Vitali Kalesnik, John West (Research Affiliates, Feb. 2016) • "The Arithmetic of Active Management," by William Sharpe (Financial Analysts Journal, January-February 1991) • "Fidelity Zero vs. Vanguard: Which Index Fund Is Better?" by Allan Roth (Financial Planning, Aug. 14, 2018) • "At Vanguard, Customer Complaints Rise Along with Assets," by John Waggoner, (InvestmentNews, Feb. 16, 2017)  Retirement Planning • "Is the 4% Rule Still Safe for Retirement Planning?" by Allan Roth (Financial Planning, May 8, 2019) • “Estimating the True Cost of Retirement” by David Blanchett (Retirement Insight and Trends, June 30, 2015)  • "Why So Critical of Annuities?" by Allan Roth (CBSNews.com, Sept. 17, 2009)  • "My 3 Most-Often Recommended Annuities," by Allan Roth, aarp.org, Dec. 20, 2016  • "Reducing Retirement Risk with a Rising Equity Glide Path," by Michael E. Kitces and Wade D. Pfau (Journal of Financial Planning)  Influences • Prospect Theory  • Predictably Irrational by Dan Ariely  • "What I, and Millions of Others, Owe Jack Bogle" by Allan Roth (Financial Planning, Jan. 16, 2019) • A Random Walk Down Wall Street by Burton Malkiel  • Bogle on Mutual Funds by John C. Bogle  About the Podcast: The Long View is a podcast from Morningstar. Each week, hosts Christine Benz and Jeff Ptak conduct an in-depth discussion with a thought leader from the world of investing or personal finance. The podcast is produced by George Castady and Scott Halver. About the Hosts: Christine Benz and Jeff Ptak have been analysts and commentators on investments and the investment industry for many years. Christine is Morningstar's director of personal finance and senior columnist for Morningstar.com. Jeff is head of global manager research for Morningstar Research Services, overseeing Morningstar's team of 120 manager research analysts in the U.S. and overseas. To Share Feedback or a Guest Idea: Write us at TheLongView@morningstar.com (Disclaimer: This recording is for informational purposes only and should not be considered investment advice. Opinions expressed are as of the date of recording. Such opinions are subject to change. The views and opinions of guests on this program are not necessarily those of Morningstar, Inc. and its affiliates. Morningstar and its affiliates are not affiliated with this guest or his or her business affiliates unless otherwise stated. Morningstar does not guarantee the accuracy, or the completeness of the data presented herein. Jeff Ptak is an employee of Morningstar Research Services LLC. Morningstar Research Services is a subsidiary of Morningstar, Inc. and is registered with and governed by the U.S. Securities and Exchange Commission. Morningstar Research Services shall not be responsible for any trading decisions, damages or other losses resulting from or related to the information, data analysis or opinions or their use. Past performance is not a guarantee of future results. All investments are subject to investment risk, including possible loss of principal. Individuals should seriously consider if an investment is suitable for them by referencing their own financial position, investment objectives and risk profile before making any investment decisions.)

"Always ask yourself, where can your portfolio go wrong? And if you can't come up with lots of different reasons, you probably are too overconfident on it. I want everyone to have an exciting, fun, and thrilling life, I just don't want you to get it from your investments. If you're getting entertainment from your investing you're probably doing something very, very wrong. Your investing should be very, very boring." Allan Roth shares lots of wisdom like this in this episode. Read the show notes at https://www.whitecoatinvestor.com/ If you are in need of financial planning or advice, check out our recommended list of financial advisors at https://www.whitecoatinvestor.com/financial-advisors/ We have revamped the page to make it more user friendly for you. Find one that offers the services you need. They all working with clients nationwide or you can find one close to you. Compare their fees and get good advice at a fair price. This episode was sponsored by Bob Bhayani at https://drdisabilityquotes.com/. They are a truly independent provider of disability insurance planning solutions to the medical community nationwide. Bob specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. Contact Bob today by email at info@drdisabilityquotes.com or by calling (973) 771-9100.

Allan Roth is my guest in Episode 8, and our focus in on the investment advice industry. Allan is a licensed CPA, a Certified Financial Planner (CFP), author, writer, adjunct professor, and Founder of Wealth Logic, hourly based investment advisory and financial planning firm. Allan's book, How a Second Grader Beats Wall Street is a best-seller. He has also written for The Wall Street Journal, AARP, Money, Financial Planning Magazine and numerous other publications. This episode hones in on the investment advice and including the pros and cons of hiring an adviser, various ways to pay an adviser, and do-it-yourself investing.   This podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance and relevant information to other investors of all experience levels at no cost.     The organization's free website is Bogleheads.org, and the wiki site is Bogleheads® wiki. Bogleheads sites are operated by volunteers who contribute time and talent. Donations help defray operating costs.   Since 2000, the Bogleheads' have held national conferences in major cities around the country and currently meet in Philadelphia in the autumn of each year. There are dozens of Local Chapters in the US and several Foreign Chapters that also meet regularly.   This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012.

The seventh NewRetirement podcast. This time, Steve Chen is joined by guest Allan Roth — a by-the-hour financial advisor with over 25 years of experience in the field, who also runs Wealth Logic — and discusses why and how most investors can do much better by keeping it simple and managing expenses. They address phony awards, how "you get what you don't pay for", the Stock Market Game, and more. Recording, editing done by Davorin Robison. © 2018 NewRetirement Inc.

Last week IRI, a global market research firm based in Chicago, held its annual “Growth Summit,” a three-day conference designed to help CPG manufacturers, retailers and media industry executives understand the opportunities and challenges presented by big data. The event, held in Nashville’s Opryland district, included a range of educational and strategy-oriented sessions on cross-category dynamics, fragmented media, consumer personalization, digital marketing and e-commerce. Amid the sprawling conference, which was attended by executives from across the CPG spectrum, BevNET sat down with IRI CEO and president Andrew Appel and recorded an interview for this edition of the podcast. Appel discussed IRI’s efforts to detangle and optimize an ever-evolving and complex web of sales and consumer data, noting that that there will be a “43X increase in annual data by 2020.”. He also explained why he believes that “voice is the next platform” for data collection, and shared his thoughts on nascent efforts to personalize food around individual DNA and why IRI is to expanding its use of artificial intelligence to "automate away the simple." Also included in this edition of the podcast: a “What are you drinking?” segment with BevNET’s two “Young Turk” reporters, Marty Caballero and Brad Avery, and a chat with Glenfiddich brand ambassador Allan Roth, who spoke about the single-malt scotch brand’s innovation pipeline.