Advisors

Advisors have used reverse mortgages in various ways for portfolio management. Cash management. “I’ve been recommending ‘protective’ reverse mortgages for clients who are over 62 and have no mortgages, or very small mortgages,” said certified financial planner Mark Wilson, president of Mile Wealth Management. “These can provide a line of credit that’s available if ever
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From an industry perspective, biotech occupies a unique hybrid position. It’s both a tech-like sector, offering secular growth potential, and a health-care sector, with corresponding defensive characteristics. That defensive position came under attack in 2015 as political rhetoric from both sides zeroed in on perceived unfair drug pricing. Nonetheless, there are two factors worth noting
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Rarely has a bull market been so unloved. Since March 2009, the Standard & Poor’s 500 stock index has nearly quadrupled in value. This year, not only is the index up 15 percent, but it also seems to have stopped going down at all: October was the 12th straight month that the S.&P. has logged
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We see people take “mini retirements” or “rolling retirements.” They’re no longer working up to a certain day, quitting and never picking up another job or role again. As they enter this new stage in life, they simply change what they want to do. And they’re free to do so because, again, they already did
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If you asked most businesses that sponsor a 401(k) plan whether they are obeying their fiduciary duties, they would likely respond in the affirmative. They have a brokerage firm, bank or insurance company that provides a list of options to invest in that includes bonds, hybrid options, stock-based investments, as well as a stable value
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Commercial airliners have advanced autopilot systems that fly the plane for most of its time off the ground. But most planes still need a pilot for takeoffs, landings, flying through extreme turbulence and for directing and monitoring the autopilot system throughout the flight. Similarly, shareholder yield-oriented portfolios can be managed with very low turnover because
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About half of retirees don’t need to worry about the taxation of Social Security benefits because their income is too low, according to the Congressional Budget Office. But those with more income could have a portion of their Social Security taxed as they pass certain thresholds. Social Security isn’t taxed when provisional income is less
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A key question is how much money will adequately fund a special needs trust. The answer depends on factors such as the nature of the disability and level of care required. It could range from tens of thousands of dollars to millions. Financial planners who specialize in special needs can help a family consider the
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BlackRock Chairman and CEO Larry Fink said Tuesday investors should expect only a 4 percent investment return with a balanced portfolio of stocks and bonds. “We’re talking about a balanced portfolio. We’re talking about over a 10-year horizon,” Fink said on CNBC’s “Squawk Box.” “Obviously, this year we are making far better because of the
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Roth individual retirement accounts, in which after-tax deposits — and subsequent earnings — grow tax free, may be one of the best ways to save up for your golden years. But certified financial planner Sophia Bera, founder of financial advisory firm Gen Y Planning, says Roth IRAs can also come in handy long before account
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Only 45 percent of American citizens have a passport, which implies that 55 percent of Americans only travel domestically. Slowly, however, Americans are warming up to the virtues of international travel, as 2016 was a record year for Americans traveling overseas. Similarly, many U.S. investors are disinclined to look outside of the United States for
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