Financial advisors who charge commissions are two to eight times more likely than those who charge fees to recommend risky investments. This is the finding of a survey done by the North American Securities Administrators Association (NASAA) of 516 financial firms with...
How much money do you need to have to be considered rich or wealthy? The best answer is “it depends,” considering your definitions of rich and wealthy. Are they terms defined by one’s net worth, income, or overall wellbeing? Is the context local, national,...
The differences in tax policy between Presidential candidates Donald Trump and Joe Biden are pretty significant. Current polls show the Democratic candidate with a substantial lead, which suggests that all of us should prepare for the possibility of a different tax...
In two recent columns, I discussed two reasons not to worry about the possibility of “defunding” Social Security. First was the unlikelihood of Congress and the President ending Social Security payroll taxes. Second was the option for Congress to fund...
You should be glad you don’t work as a financial planner who believes in a fiduciary standard—who has pledged to work for the best interests of clients rather than yourself or the company you work for. Why? Because the big sales organizations on Wall Street control...
