In a move that has bewildered many CFPs, the CFP Board of Standards just took a giant step backward in transparency. It chose to no longer inform consumers searching for a CFP of advisors’ compensation models.
It’s hard to believe one month ago the Dow Jones average hit a high of 29,551.42. Since then, we’ve experienced a US stock market meltdown and volatility similar to that of 2008. So far, many investors are taking the stock market drop in stride. I think there are four reasons.
The news of the first death in South Dakota possibly attributed to COVID-19 sent people in my hometown into hysteria on Tuesday afternoon. With such panic arising due to the spread of the virus (like the run on toilet paper at our local Walmart & Sam’s Club), I thought this article from the doctors at […]
The COVID-19 virus. The drop in the stock market. The presidential elections. Alarmist news reports and “expert” predictions about the economic impacts of each. No wonder investors are feeling fearful. When our brains perceive that our survival is threatened, rational thinking goes out the window. If you are feeling an urge to get out of […]
If you are over 72 and own an IRA, 401(k), 403(b), or TSP, you may be on the receiving end of a gift from the President. In 2018 he issued an Executive Order on “Strengthening Retirement Security in America.” One of the provisions of that order may result in the IRS agreeing to reduce the […]