This article is concerned with something that I believe to be of EXTREME importance. It’s focused on teaching you how to help protect yourself from unscrupulous, or even criminal, advisors who are looking to take advantage of you, or of someone you love.
As I cover throughout my "Don’t Let Market Gyrations Wreck Your Retirement" webinar, which is available for free simply by clicking on the link above, fluctuations in the markets are not at all unusual. But those swings make it all the more impossible to “time” the markets and jump in or out as you chase returns (or try to avoid losses).
The whole topic of long-term care is not something most of us even like thinking about. That’s understandable. We all hope that we live a nice, long life, are wonderfully healthy through retirement, and then have a quick demise in our sleep. It can happen this way and I too would love this experience.
People sometimes ask me how often they should meet with their financial advisor. It varies some from person to person, but I recently read an article that suggested that you sit down with your advisor every quarter.
Every quarter? That was certainly news to me.
According to Investopedia, behavioral finance is a relatively new field that seeks to combine behavioral and cognitive psychological theory with economics and finance to provide explanations as to why people make irrational financial decisions.
Planning ahead for the financial requirements of your special-needs child presents unique problems. For instance, some parents think they should start saving education funds for a child with Down’s syndrome or severe autism because they hope their child will someday become self-sufficient and might be able to go to college, but this may not be a good move. Children with conditions such as these have a wide range of developmental possibilities, so traditional savings and education plans may not...
In spite of literally thousands of articles, columns and news reports warning of the impending retirement crisis, it’s now 2015 and most Americans still don’t save nearly enough for their post-work years. In fact, according to an April 1, 2014 article in USA Today, 36% of Americans have less than $1,000 in reserve.