Michael Finke
@FinkeonFinance
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Investments/retirement professor & Frank M. Engle Chair of Economic Security at The American College. Contributing Editor, Investment Advisor Magazine.
Ransom Canyon Texas
Joined May 2013
My new article for @AdvPerspectives I look deeper into the remarkable predictability of the @RobertJShiller CAPE ratio in recent decades. @TheAmerCol
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RT @TruchoiceFMO: We'd also like to extend our thank you to our #Climb25 keynote speakers @markmathewssurf, Andrew Sykes, and @FinkeonFinan…
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RT @jbrendanfrazier: 6) The Three Cornerstones of A Happy and Fulfilling Retirement with @FinkeonFinance
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RT @TheAmerCol: What drives the worries of people across the wealth spectrum about running out of money in retirement — and what can adviso…
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RT @TheAmerCol: Join @FinkeonFinance and TPCP™ Program thought leader Alan Gassman for an in-depth conversation on the knowledge contained…
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RT @MegBartelt: This episode on happiness in retirement gave me several things to think about. 10/10, would recommend.
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RT @jbrendanfrazier: There are three pillars of a successful retirement: 1) Money 2) Health 3) Relationships Most advisors know the money…
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Planning horizons for higher-income individuals are substantially longer than for average Americans. A higher-income man and woman can expect to live to 88/90 on average, and they need to push the horizon to 95/97 for an 80% chance of success.
“We're doing a much better job of extending people's lifespan, and that adds to the complexity of retirement income planning, because it means that you have to fund more years of spending.” @FinkeonFinance @TheAmerCol @GregoryFCA #CAAFP
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This is a must-read thread. A progressive policy that provides workers with an inflation-adjusted income annuity significantly reduces wealth inequality when the substantial present value is included on a household's balance sheet.
🧵🚨Accepted paper🧪 with @mjmill611 (Harvard) and @NatashaRSarin (Yale) Existing studies paint an incomplete picture of trends in wealth inequality in the US. When Social Security is properly accounted for, wealth inequality has not really increased over the past three decades.
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We've gained about a year of longevity every decade over the last century, and one of the biggest reasons is the ongoing advancement of science and the treatment of disease. Drugs like Ozempic that effectively reduce obesity mean that people will live longer and healthier lives.
GLP-1 drugs and reduction of cancer Among ~1.6 million people w/ T2 diabetes, for GLP-1 drugs vs insulin Rx, there was less risk for 11 of the 13 cancers associated with obesity
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@126613LBSUB @DanielYerger3 @WadePfau @RetirementRisks @HigherEdCraig We're all motivated by compensation (shockingly, even academics). Each compensation method has its own potential conflicts. We're interested in knowing what the outcomes look like for clients who employ advisors with different compensation methods.
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Wow
If you want to assess whether the economy is hot, exclusively for native born workers, look at the prime age native born workers employer to population ratio. It's at a multi decade high.
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RT @TheAmerCol: What do @TheAmerCol’s resident “supernerds” have to say about Dave Ramsey’s retirement planning advice? @FinkeonFinance con…
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Interesting comparison of private US debt vs. Federal and state government (bars represent actual size the suns to total bar on right). Federal debt it a surprisingly small percentage of total debt. Source: Federal Reserve
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@BillWinterberg @TheAmerCol Bill - thanks for offering to help! I've emailed Eric Ludwig (he runs the RICP).
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Mutual funds with a prospectus that is relatively more unique (a niche fund) have significantly lower performance, higher fees, and lower @MorningstarInc ratings. #ASSA2024
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