by Rich Wesselt, founder and principal, Wesselt Capital Group The baby-boom generation has entered its collective retirement age. According to CNBC, 47 percent of this generation, defined as ages 55 to 73 by the Pew Research Center, already have retired. The younger...
by Rich Wesselt, founder and principal, Wesselt Capital Group The Millennial generation currently ranges in age from 23 to 38, according to the Pew Research Center. Unfortunately, as the older members of this generation reach the end of their third decade, they are...
by Rich Wesselt, founder and principal, Wesselt Capital Group Modern digital technology has spawned many buzz words, but none seem more popular in finance than “automation.” Automated investment advice — so-called robo-advisors — are gaining traction with individuals...
by Rich Wesselt, founder and principal, Wesselt Capital Group I am a strong proponent of a three-part model for financial planning and retirement planning: Savings, protection and growth. I have written often about the importance of a strong savings habit, and I have...
by Rich Wesselt, founder and principal, Wesselt Capital Group What is the difference between whole and term life insurance? You probably are familiar with “term” life insurance, even if you don’t know the name. This model is the most familiar and commonly purchased...
By Richard Wesselt, Founder and Principal, Wesselt Capital Group What are millennials true cost of student loan debt? In 2019, almost 2 million Americans will graduate with a bachelor’s degree and 70 percent of them will have student loan debt averaging about $33,000...
Richard Wesselt explains Financial Well-being Savings. Protection. Growth. These three components can help build a sound financial plan—but savings is the keystone practice. Why? Rich Wesselt, founder and principal of Wesselt Capital Group, explains in this first...
by Richard Wesselt, Founder and Principal, Wesselt Capital Group How much life insurance do you really need? Life insurance is something a lot of people put on the back burner. Some procrastinate because of the time constraints and others put it off because they are...
by Rich Wesselt, Founder and Principal, Wesselt Capital Group Anyone who knows me knows how I feel about choosing between term life insurance and whole life insurance policies. I consider whole life insurance to be one of the best financial products ever developed and...
by Rich Wesselt, Founder and Principal, Wesselt Capital Group Originally published on LinkedIn A startling statistic has emerged from news reports of the now-resolved government shutdown that left 800,000 federal workers without paychecks for 34 days: nearly 80...
