Financial planning for baby boomers: What to do before you turn 60

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...

Automated Investment Advice: Pros, Cons, and Alternatives

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...

How to Integrate Your Whole Life Insurance Into Financial Planning

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...

True Cost of Student Loan Debt : Financial Planning for Millennials

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...

The Cornerstone of Financial Well-Being [video]

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...

Whole Life or Term Life Insurance: Which is Better?

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...

Richard Wesselt Announces New Financial Learning Center

Founder of Wesselt Capital Group launches The Family Generational Wealth Model learning center to offer monthly financial planning seminars for Millennials and younger adults Richard Wesselt, founder and principal of Wesselt Capital Group, announced the opening of...