Kayla Tausche CNBC
The arrival of January seems to bring out the list-making in the media. There are reviews of the previous year and predictions for the one we are now in. Publications commonly create a list of Top 40 Business People that are under the age of 40 as top entrepreneur’s to watch for the upcoming year. It used to be that 40 was the target for career establishment. Not anymore. In today’s aggressive market place, a long track record of success prior to age 30 is not uncommon. Credit technology is the empowerment of the Millennials. The reality is that the age bracket in which 30 is considered old, don’t just have extensive resumes – they have already formed in irreversible impact. That’s why The Suit Magazine opted to highlight six of these movers and shakers in our first edition for 2015. As expected, our list contains success stories from social media. There is no denying the changes and questions the emergence of social media brings to our world. Yet, our list goes further.
The arrival of January seems to bring out the list-making in the media. There are reviews of the previous year and predictions for the one we are now in. Publications commonly create a list of Top 40 Business People that are under the age of 40 as top entrepreneur’s to watch for the upcoming year. It used to be that 40 was the target for career establishment. Not anymore. In today’s aggressive market place, a long track record of success prior to age 30 is not uncommon. Credit technology is the empowerment of the Millennials. The reality is that the age bracket in which 30 is considered old, don’t just have extensive resumes – they have already formed in irreversible impact. That’s why The Suit Magazine opted to highlight six of these movers and shakers in our first edition for 2015. As expected, our list contains success stories from social media. There is no denying the changes and questions the emergence of social media brings to our world. Yet, our list goes further.
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“The great enemy of truth is very<br />
often not the lie – deliberate,<br />
contrived and dishonest, but the<br />
myth, persistent, pervasive, and<br />
unrealistic. Belief in myths allows<br />
the comfort of opinion without<br />
the discomfort of thought.”<br />
~ John F. Kennedy<br />
icies with accelerated benefit riders.<br />
With more and more baby boomers<br />
entering retirement, these concerns<br />
about having a sustainable source of<br />
retirement income continue to deepen<br />
amongst a population long conditioned<br />
to the accumulation theory of<br />
financial planning – many of whom<br />
suffered tremendous losses during<br />
the Great Recession. Yarosh’s model<br />
prescribing to the utilization economic<br />
theory helped her foresee the handwriting<br />
on the wall. She was able to<br />
reposition her clients before the worst<br />
of the recession hit, saving them from<br />
similar fates.<br />
Following that crisis, Yarosh said<br />
that the majority of baby boomers<br />
“now recognize that they cannot endure<br />
a repeat of 2008 and are taking<br />
this time in the market to reposition<br />
assets accordingly.” This mirrors a<br />
general approach that is less risk-oriented<br />
and more capital preservation-minded<br />
that she’s now seeing<br />
among investors of all ages.<br />
It’s also a philosophy she sees becoming<br />
more widely adapted by<br />
Morningstar, at least in terms of retirement.<br />
“Conversations that pertain<br />
to alpha and beta have foundations in<br />
the accumulation theory of finance,”<br />
Yarosh explained, adding, “This was<br />
the alpha we saw during 2008 with<br />
beta being the associated risk. The<br />
alpha approach is fraught with problems<br />
when you are going to take money<br />
out.”<br />
“However,” she continued, “you<br />
can create alpha without beta by using<br />
annuities and various insurance<br />
products.” She further explained that<br />
such retirement income streams shift<br />
the allocation framework from asset<br />
to product; therefore, gamma quantifies<br />
the type of product being used.<br />
“Gamma, in this case, is being associated<br />
with the utility theory,” she<br />
added, illustrating the paradigm shift<br />
now happening. “[Morningstar] is<br />
moving in the direction of the model<br />
we work with, which is built entirely<br />
on the utilization theory of finance.”<br />
Yarosh’s background is firmly rooted<br />
in the conservative teachings of the<br />
Austrian School of Economics, Irving<br />
Fisher and Hyman Minsky. She remains<br />
personally committed to academia,<br />
pursuing both ongoing knowledge<br />
for herself and imparting it to a<br />
new generation of younger people as<br />
a guest lecturer at the University level.<br />
Her key goal for 2015 is to ensure<br />
that Macro Wealth Management remains<br />
focused on helping those in<br />
need of retirement income stream<br />
planning. Most people, she explained,<br />
have up to five advisors while building<br />
wealth, but only one during their<br />
retirement years.<br />
Yarosh said, “We want to be that<br />
one advisor guiding them from the<br />
summit of their wealth and down the<br />
mountain in order to enjoy a satisfying<br />
retirement while simultaneously<br />
giving them a rich legacy to leave behind.”<br />
Macro Wealth Management, LLC<br />
115 West Century Road Suite 360<br />
Paramus, New Jersey 07652<br />
O: 201-690-3031 Cell: 973-479-4220<br />
www.macrowealthmanagement.com<br />
THE SUIT MAGAZINE p.37
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