Advisors

1. Reduce your investment expenses and fees. Just like inflation can eat into your buying power, any costs related to your investments reduce your return. The easiest way to increase what you earn is to simply reduce your costs. Especially if you’re invested in mutual funds and exchange-traded funds, you’ve probably got hidden fees. Typical
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If you know you are gambling with your investing and you enjoy it, there is nothing wrong with risk-taking and speculation. But some people fail to realize this type of behavior in not truly investing and that they are leveraging (and risking) the majority of their wealth in this practice. If you are on track
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Unfortunately, while a large lump sum may seem like a lot at the time, the money may not go as far as you think. Here are four examples of poor decisions made by those who have received a large inheritance. 1. Spending the entire inheritance immediately. This is the obvious one, but it’s easy to
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Santaniello said, however, that those account holders won’t be left in the lurch. “People won’t be left without a means of receiving their federal benefits,” Santaniello said. “The feedback we’re getting from banks is that transitioning customers to other accounts is working well.” About 100,000 people will likely be affected by the program’s closure. When
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Women have clearly made enormous strides in the workplace. Unfortunately, when it comes time to retire, many women still do not have the savings they need. According to a 2016 study by The National Institute on Retirement Security (NIRS), women of all age groups have substantially less income for retirement than men. For women over
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Don’t expect robo-advisors to fully replace their human counterparts anytime soon. Robo-advisors give retail investors access to automated investment strategies, creating portfolios and coming up with an asset allocation that’s based on client data points, including time horizon and risk tolerance. As convenient as it may be, this technology doesn’t make human financial advisors obsolete,
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Investment management and financial planning are both important, but they’re not the same thing. Financial planning provides you with an actual human advisor who can educate and guide you to where you want to be with your money. This is an ongoing process that includes personalized attention and, importantly, accountability. It’s a long road to
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Cortazzo also appreciates the value of bond investments that don’t correlate with equity risk. That doesn’t, however, preclude him looking at more risky bond sectors, such as high-yield and emerging markets debt, despite their strong correlations to stocks in bad markets. “If the purpose of owning bonds is to mitigate the risks of U.S. equities,
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This can be problematic, especially since data breaches are commonplace. It seems like one is always in the news these days. While the government hasn’t indicated the total number of Social Security numbers subject to theft or fraud, a 2015 NPR interview that included data from Verizon, reveals that 60 percent to 80 percent of
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With an entire generation on the cusp of retirement, the rules governing retirement plan administration need to be modernized to make it easier for employers to offer savings programs for the men and women they employ. In particular, the Employee Retirement Income Security Act of 1974, also known as ERISA, should be updated to facilitate
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While asking yourself these questions, it is important to consider the impact of deferring. For example, it is usually best to defer for at least seven years to take full advantage of tax-deferred growth. While there are no federal limits to contributions to NQDC plans generally, a company’s particular plan may impose certain limits on
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James Lauritz | Getty Images In the absence of a coherent strategy, multiple advisors may put a client into the same investment multiple times. Tax-related decisions may also suffer. In addition, this strategy may cause advisors to compete for all the assets and take undue risk to outperform the competition “People have money spread all
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Like other high-dividend-paying stocks, REITs are largely sensitive to rising interest rates as their yields start to look relatively less attractive versus fixed-income alternatives. With rates again trending up, it could be a bumpy ride for the REIT market going forward. It also might be a great opportunity to get into the real estate market.
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You have one source of guaranteed income in retirement. Try not to mess it up. Though Social Security replaces up to 40 percent of preretirement income for average earners, misconceptions about how the program works continue to persist. Indeed, nearly 3 in 10 retirees said their Social Security payments are less than expected, according to
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If you make more money, will you be happier because you will be able to afford more things? Research shows this isn’t true. A study conducted by Daniel Kahneman and Angus Deaton analyzed data from more than 450,000 responses to the Gallup-Healthways Well-Being Index. They studied the happiness of people at different income levels. At
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Here are six options that would-be rollover Jedis may want to keep in mind for their individual situations. 1. Roll over into a new individual retirement account. Transferring funds from a previous 401(k) into a new IRA preserves the most investing flexibility, advisors say. Company plans may limit options to a handful of mutual funds.
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Boomers are more likely than other generations to take risks by investing some or all their retirement funds into starting their own business after leaving a corporate job, and they seek new and interesting ways to spend their retirement money that may or may not produce an income stream to help fund expensive retirement activities.
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Last year the JPMorgan Global Emerging Market Bond index had a total return of 9.1 percent. “We believe U.S. investors should have an allocation to emerging market bonds,” said Pablo Goldberg, a senior fixed-income strategist for BlackRock, which manages more than $24 billion in assets in a variety of emerging market bond funds. “They have
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However, corrections offer an opportunity to evaluate risk and how well positioned they are for an eventual bear market. By comparing the intensity, recovery and duration of corrections and bear markets and their impacts on investors, we can assess where risk management efforts should focus. Investing opens investors up to the possibility of losses —
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“Whether you stuck it out through the crisis or you bought in the last five years, many homeowners are sitting pretty when it comes to home equity,” said Daren Blomquist, senior vice president of communications at Attom Data Solutions. “It’s a good time to leverage that.” Borrowing against home equity can be a convenient way
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Buttressing optimism for the category is its immunity from the market’s trade-war fears: Small companies don’t tend to export much. Another factor is the tendency for economic expansion to increase earnings more down cap than up. Further, the delayed benefits of the tax cut should help domestic-centric companies proportionately more than multinationals. Small caps, which
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Many investors wonder when the right time will be to put some money in bitcoin. It’s a question that financial advisors increasingly hear these days. Yet advisors, for the most part, don’t recommend investing in digital currency, or in the investment vehicles that have cropped up around it, at all. In fact, earlier this year,
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