The Science of Economic Freedom

The Science of Economic Freedom, Part I  Money X Time X Rate of Return = Your Future Wealth. That’s a formula for success when it comes to your finances, and it’s one of many principles that comprise what I call the “Science of Economic Freedom.” In this week’s leadoff segment, we dig deeper into this science to uncover how you can put the math to work for you. Get out your financial lab coat, because it’s time to go to work! The Science of Economic Freedom, Part II We just made it through tax week, and I’d venture a guess that many of you had to write an uncomfortable check to Uncle Sam. Hey, taxes cannot be avoided, but you can manage your taxes so that you can pay the minimum you owe. In our second segment, we look at the Science of Economic Freedom and how it applies to managing the single-biggest expense of your lifetime. The Fiduciary Rule Update   The Fiduciary Rule is a financial industry regulation that essentially makes financial professionals follow the same code of conduct as doctors and lawyers, i.e. we must act in the best interest of clients. That rule has been set aside in the Trump administration, but I think that rule should be followed in principle by everyone in the industry. At Mercer Advisors, we put our clients’ best interest first, and that’s because we are on your side. In our final segment, I provide examples of some of the ways brokers do not act in their client’s best interest. If you want to make sure you avoid the pitfalls the Fiduciary Rule was intended remedy, this segment is for you.