The Fed the Election and Retirement Planning

By John Berzellini

I recently attended a presentation by Greg Valliere, Chief Political Strategist of the Potomac Research Group. Greg is a widely quoted political analyst and regular guest on financial shows aired on CNBC, CNN and Fox TV. For more than 30 years, Mr. Valliere has advised institutional investors about how developments inside the Beltway affect financial market. Below are some of his informed comments on the Federal Reserve and the Election and my take on the political predictions.
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Fed Delivers another Big Dose of QE

By Scott Colyer, CEO Advisor Asset Management
Reprinted with the permission of Advisors Asset Management
Introduction
by John Berzellini

AAM’s Core Plus Managed Account was recently added to JBA Financial Advisors investment program offerings. We offer this managed investment grade bond portfolio, as an alternative to low yielding banks CDs.
In his most recent blog “Fed Delivers another dose of QE”, Scott Colyer CEO of Advisors Asset Management gives AAM’s take on the Federal Reserve new QE3 program, and their announcement to keep interest rates low until mid 2015.

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Withdrawing Money from Retirement Savings, Do We Have Enough to Retire?

By John Berzellini

There are a number of withdrawal methods used by financial planners, which are commented on from time to time in the financial press. Some of these withdrawal methods used in connection with asset allocation programs can put you in the poor house. Continue reading


The Death of Equities, Revisited

by Weston Wellington, VP Dimensional Fund Advisors
Reprinted with the permission of Dimensional Fund Advisors
Introduction
by John Berzellini

We agree with Mr. Wellington’s message; the relationship of risk and return is a difficult principle for investors to apply year-in and year-out. Dalbar’s “Quantitative Analysis of Investor Behavior” (see our side bar), calculates the return realized by average investors as compared to “the returns the market has to offer”. BusinessWeek is now Bloomberg Businessweek but it sure sounds like the same old story to me, you be the judge. Continue reading


Comprehensive Financial Planning vs. Alternative Models

By: John Berzellini

The comprehensive financial planning model uses a holistic approach to retirement planning, which includes budgeting, cash management, income tax and estate planning, as well as money management services. A detailed explanation of JBA’s approach to this model can be found in our 5/14/12 article “Defining Comprehensive Financial Planning”.
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Market Gut Check Time, Again

by Mike Boyle, Senior VP Advisors Asset Management
Reprinted with the permission of Advisors Asset Management
Introduction
by John Berzellini

In Mike Boyle’s blog date 5/22/12 “Market Gut Check Time, Again”, Mike reaffirms AAM yearend target of 1430 for the S&P 500. As I write this introduction, the S&P 500 is at 1312 enduring yet another euro-zone debt crisis sell off. Continue reading


Defining Comprehensive Financial Planning

By John Berzellini

The National Association of Personal Financial Advisors states “Consumers today need to know that when they engage a financial advisor that advisor is comprehensive in their approach to financial planning and is competent in their abilities to deliver the prudent recommendation you depend on”.

Since the term “Comprehensive Financial Planning” is used loosely, how do you identify if your advisor is truly comprehensive?
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Help Us Stop the Banks

By John Berzellini

In my last blog post April 24, 2012 concerning the broken bank financial advisor model, I mentioned that the banking industry is lobbying congress to maintain the status quo by retaining the same watered down standard of care for its clients.

At the same time banks are lobbying congress to gain regulatory control over Investment Advisors. In essence, they are seeking to regulate their competition; the Independent Investment Advisors offering their clients a comprehensive financial planning model under a fiduciary standard of care?
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The Bank Retirement Model is Broken

By John Berzellini

The great recession taught us that the banks and mutual fund complexes are not able to protect us from market down turns. In fact, many could not protect themselves.

The surviving institutions are currently lobbying congress to maintain the status quo, and are spending big on advertising. The advertising is targeting baby boomers, and is trying to convince us that they represent security and objectivity. According to them, all we have to do is follow the green line. Continue reading


AAM Reminds Us of the Role of Bonds in a Portfolio

by Michael Aneiro, Barrons’s Income Investing
Interview with Tom Daipiaz, muni portfolio manger AAM

Introduction
By John Berzellini

In the Barron’s “Income Investing” article below, Tom Dalpiaz, muni portfolio manager at AAM, reminds us of the role of bonds in a portfolio. In light of the expected income tax increase, munis may play a larger role in portfolios designed to produce income.
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