economy, new economy, protection, retirement

Millions of new entrepreneurs in the past few years

We are entering a new age…

According to Bloomberg, over the past few years millions of people have entered the ranks of the self-employed. The digital economy has made it easier for the business savvy to go off on their own and be their own boss. Facebook has brought people closer together, texting and email have increased communication. Associations and Meet-up groups create networking opportunities. LinkedIn in particular has created rolodex transparency within companies and whole industries. (1)

While being self-employed is not for everyone, it is easier now than ever before. A connection on Facebook or LinkedIn is a potential client. Whatever you do, whatever your expertise the reality is there are hundreds and thousands of people who need to talk to you. Many of these are newly sprouted entrepreneurs as well. Building connections to individuals, as well as businesses is the new road to success.

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economy, ESG, new economy, protection, retirement

Women and Financial Security

In Iceland the government there recently passed a law making it illegal to pay women less than men.(1)

A recent study by Economic Policy Institute found that women earn 74 cents for every $1 earned by a man with similar education and experience. This wage gap has always existed and is disturbing in a society founded upon equality and justice. (2)

This wage gap has important implications for women and their financial security, especially during retirement.

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economy, interest rates, retirement

Psychology and the Market

On Thursday February 8th 2018 the Dow dropped over 1000 points in a single day.


Human behavior is driven two forces, fight or flight. When facing a dramatic event we as individuals are forced to REACT to what happens. 

When looking at the market, if a person is underinvested and it goes up day after day making new highs, that person may experience FOMO… fear of missing out. They might make the decision to invest based on emotion instead of fundamentals.
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economy, income, new economy, retirement

How to Deal with Being Laid Off: 5 Strategies To Prepare For Job Change

Each day we read reports that the economy is booming.


“U.S. manufacturing production just had its best year since 2011.” (1)

“Factory output is poised to speed up.”

“Stronger global growth expectations and a weaker dollar should help.”


With that being the case you might find it surprising that several large corporations have recently announced they will be laying off large numbers of employees, especially managers.

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economy, income, interest rates, retirement

What do rising rates mean for investors?

In early February 2018 equity markets started to sell off. Volatility increased. On February 8th, 2018 the DJIA dropped over 1000 points.


Question: Why?

Answer: The repricing of risk.


In 2013 the economy was recovering from the Great Recession of 2008/2009 and was still fragile. A lot of economic data points showed contradictory trends. Believing the economy had sufficiently strengthened, the Federal Reserve announced it’s intention to start reducing its policy of Quantitative Easing which was put into place after the 2008 financial crisis and the Great Recession. Quantitative Easing was the government policy to buy US treasury bonds in order to keep interest rates low and support the economy.

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AI, disability, economy, life insurance, new economy, retirement

Jobs at Risk

A recent study by McKinsey Global Institute examined how robotics will affect labor and the economy. The study estimated that 800 million jobs (1/5 of all jobs) will be impacted by advances in robotics.

Among the jobs most impacted include brokers, accountants, office staff, machine operators, and food service. Lower skilled, repetitive tasks are most likely to be replaced.

What does this mean for family finances in the years to come?

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Climate change, economy, environment, ESG, new economy, retirement, Socially Responsible Investing, SRI

What is Socially Responsible Investing?

I have recently had several people ask me about SRI. What is it? Why does it matter?

The first thing to understand is SRI means different things to different people. Several years ago I attended a gathering of advisors focused on sustainability at the Bloomberg headquarters in NYC. I talked to many of the 300 attendees and what I found was every single person had a different interpretation of what SRI meant.

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