Last week I attended a Wealth & Wisdom Institute workshop hosted by founder Len Renier, the author of many best selling books on finance and investment. Many people ask me what the Wealth & Wisdom Institute is, assuming it is an organization that helps me more money. That’s not the case. Actually, the Wealth & Wisdom Institute is an organization that believes that traditional financial thinking is flawed from the beginning. In fact, the goal of Wealth & Wisdom is to help advisors like me in educating their clients about financial planning in a new way.
For example, did you know that rates of return are meaningless? Rates of return are actually just another way to play with the numbers to make them look good. Another quick fact: people are putting a lot of money into savings vehicles like 401(k) plans. Those investors are getting a tax break now. But most likely they will be in a higher tax bracket when they retire. Is that still a good investment?
In future posts, I’ll share other nontraditional concepts with you to open your eyes to a new way of thinking — a way that will ensure you won’t outlive your finances in retirement and that allows you to plan for your family’s needs after you’re gone.
If that sounds like the kind of information that you want to have, please follow the blog and share it with your friends. I don’t make any money from the blog – I do it because I care about my clients and other investors. I want them to have as much information as possible to make sound financial decisions.
Thanks for reading,