Ask The Compound

How Do You Fix the Housing Market?

10 snips
Nov 12, 2025
Jonathan Novy, a Senior Advisor at Ritholtz Wealth Management, dives into the complexities of the housing market and retirement planning. He discusses the pros and cons of annuities for retirement income, highlighting when they make the most sense. Novy also examines the emerging trend of 50-year mortgages, debating their potential benefits compared to traditional loans. Additionally, he offers insightful career advice for those torn between roles at banks versus family offices, blending financial strategy with personal growth.
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INSIGHT

Diversify And Keep A Cash Cushion

  • Ben approves of a diversified allocation and praises keeping four years of expenses in short-term treasuries as a strong safety cushion.
  • He recommends choosing an allocation you can stick with and rebalance through market cycles.
ADVICE

Be Skeptical Of Insurance Sales Pitches

  • If an advisor is leading with a complex insurance product, be skeptical and question motives before buying in.
  • Verify illustrations and never assume glossy promises will materialize as shown.
ANECDOTE

Insurance Industry Incentives Warped Sales

  • Jonathan Novy recounts working in insurance since 2007 and seeing bad incentives and misleading sales practices firsthand.
  • He explains agents often chase huge upfront commissions, which can lead to customers being misled.
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