Newsletter - November 2016

Headline in the Wall Street Journal: “Game Over for Broker Commissions”
“Wall Street’s days of taking commissions appear numbered…. The latest move to limit commission-based accounts came this past week, when Bank of America Corp’s Merrill Lynch unit said it would do away with individual retirement accounts that charge investors for each transaction.”

This means that IRA accounts are moving into the universe of fiduciary advice. Just remember, for now traditional taxable brokerage accounts remain caveat emptor.

According to the American Council of Trustees
(, 10% of college grads thought Judge Judy was on the U.S. Supreme Court.

From my friend Judy…

From Little Children:
• No matter how hard you try, you can’t baptize cats.
• When your Mom is mad at your Dad, don’t let her brush your hair.
• You can’t trust dogs to watch your food.

From Adults: • Raising teenagers is like nailing Jell-O to a tree.
• Families are like fudge... mostly sweet, with a few nuts.
• Middle age is when you choose your cereal for the fiber, not for the toy.

About Growing Old:
• Growing old is mandatory; growing up is optional.
• Forget the health food; I need all the preservatives I can get.
• When you fall down, you wonder what else you can do while you’re down there.
• You’re getting old when you get the same sensation from a rocking chair that you once got from a roller coaster.
• Time may be a great healer, but it’s a lousy beautician.
• Wisdom comes with age, but sometimes age comes alone.