“Is the death benefit from a life insurance policy owned by an individual considered income tax-free?” This is one of 38 questions posed by the American College of Financial Services in a retirement literacy quiz. The ACFS presented this quiz to over 1,200 retirement-age U.S. adults who have at least $100,000 in household assets.
If you’ve ever seen the movie Moneyball starring Brad Pitt and Jonah Hill, you may remember Pitt’s character Billy Beane say, “I hate losing! I hate losing more than I even wanna win!” Of course, he was talking about baseball, but there’s a more valuable loss that hurts investors: losing money.
As financial advisors we receive many of the same questions from investors. We also hear some questions that make us wonder what investors have experienced in their past with investing. Here are a few questions we believe are bad to ask your financial advisor. We believe these questions are ‘bad’ not because the investor is in the wrong, but because these questions come from a misinformed way of thinking about investing.
Investors can often find themselves in the trap of comparison. The market goes up, investors tend to look at their portfolios. The market goes down, even more investors tend to look up their portfolio, a number of which make knee-jerk financial decisions. This is often driven by myopic loss aversion.
President Trump signed a Presidential Memorandum on February 3rd asking the Department of Labor to reconsider the Fiduciary Duty Rule in its current state. Senior Managing Director Kris Tower was one of two advisors invited to speak with the White House Office of Management and Budget regarding the Presidential Memorandum on the Fiduciary Duty Rule.
Whether you’re rolling over 401(k) into an IRA or tracking your portfolio activity, it’s easy to be overwhelmed by investing jargon, turbulent market activity, and navigating the storms of life. You want the most trustworthy, smoothest journey to your financial destination to enjoy the life you want to live.
What value does a financial advisor provide to investors? Many investors believe they are capable of producing above-average market returns on individual investing on their own, and they may be right. It’s likely they’re also facing significant risk they may be unaware of in regards to their financial future. There are three specific ways in which a financial advisor provides intrinsic value to investors...
When it comes to this year’s election of Donald Trump, there are a few things that are helpful to keep in mind....
