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Home » Authors » Rick Biel

Rick Biel

Articles

ARTICLES

Downturn might be good time for Roth conversion

Bear market may make tax trade-off worthwhile
November 3, 2022
Rick Biel
One silver lining in the current bear market is that this could be a good time to convert assets from a traditional individual retirement account to a Roth IRA.
Read More

Success in investing can involve more than smarts

Disciplined approach can outperform market experts
August 12, 2021
Rick Biel
Investing is an unusual endeavor in that it is entirely possible for someone with no credentials in finance to actually outperform someone who is highly trained in that world.
Read More

Lessons from Great Depression are relevant now

Resilience may again drive economic recovery
June 18, 2020
Rick Biel
As a financial adviser, I have obtained a variety of industry licenses and designations. However, before becoming an adviser, I earned a master's degree in history from Eastern Washington University.
Read More

For late retirement savers, best time to start is now

Several options available for income strategies beyond Social Security
June 20, 2019
Rick Biel
Not long ago, I was driving with my son. As I flipped through the radio stations, he noticed that I only listened to music from the '70s and the '80s. He asked me why I didn't listen to music from the '90s. I explained to him that during the '70
Read More

Adviser: Most investors will do best with basics

Stocks, bonds, mutual funds provide long-term diversity
June 21, 2018
Rick Biel
Vince Lombardi is recognized as the greatest football coach of all time. In fact, the Super Bowl trophy is named after him. He was hired as the head coach of the Green Bay Packers in 1959. After two years of incredible improvement, his team was poised to
Read More

Teaching financial literacy should become priority

Lessons could help avoid 'school of hard knocks'
June 22, 2017
Rick Biel
In my life, I have often commented to myself, 'I wish someone would have told me that when I was young.”  There are many things now, at the age of 55, that I wish I had known when I was a young man. In particular, I wish someone would have taught me
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Frugal janitor's life provides good financial lessons

Investors of modest means can become best clients
February 2, 2017
Rick Biel
A number of years ago, I briefly worked for one of the largest brokerage firms in the country. While there, I received some of the best advice I ever received with regard to succeeding in the industry. One of the top producers at that firm told me that
Read More

'Millionaire Next Door' lessons stand test of time

Adviser reminded of how rich live below their means
December 3, 2015
Rick Biel
n 1996, Dr. Thomas J. Stanley published his New York Times best-selling book, 'The Millionaire Next Door.” The book shattered the commonly held beliefs of the wealthy in America. Stanley used extensive research to reveal the secrets of the wealthy
Read More
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