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Tag Archives | fees

Find Out Hidden Costs of Guaranteed and No-Fee Investments

Annuities are popular investments; almost every new client I see has one. When I ask why someone purchased an annuity, the most common responses are: “We didn’t have to pay any fees or commissions.” “There are no ongoing expenses.” “All my money is working for me.” “The principal is guaranteed.” Any time you read or […]

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Making Beautiful Music With Mutual Funds

“What’s the difference between an investment adviser and a mutual fund money manager? And why do I pay fees to both?” Questions like these remind me that the workings of the financial services industry, which I tend to take for granted, can be confusing to people outside the field. The following analogy may help to […]

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What Investors Want to Know But Don’t Know How to Ask

When an advisor recommends a particular investment, how do you know it’s right for you? Financial writers, myself included, say you need to ask questions. The trouble is, according to a recent survey, most investors ask the wrong questions. The March 2014 survey polled 1,229 investors. They were asked, “When your advisor makes an investment […]

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Frontline for Fiduciary

Millions of Americans–and a lot of professional advisors–are talking about the hard-hitting Frontline expose on retirement plans.  The PBS special, entitled “Retirement Gamble,” tells you a lot of things you already know: corporations have offloaded the decision-making for retirement portfolios on their (not always financially sophisticated) employees, but provided virtually no guidance.  The 2008 market […]

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