A source of much anguish for the brokerage community, new rules could require brokers to answer to the same fiduciary responsibility as advisers.
A special conversion provision offered by the IRS is set to expire on 12/31. Consult with your tax adviser if you are considering converting your traditional IRA to a Roth-IRA.
The IRS has issued new cost-basis accounting and tracking rules for investors.
The Value of Economic Education
Rolling over 401(k)s from past employers requires careful analysis and proper education about your choices. While it can seem daunting, there may be benefits to making changes to your portfolios. Read and research carefully and consult a tax expert if necessary.
These days, many Americans may be feeling like they are falling behind economically. For a long time since the end of World War II, the American middle class has been a goal that most individuals and families desired to attain. What are the potential consequences for our country if the middle class were to vanish?
Are you getting what you are paying for when it comes to managing your mutual funds? Could you save some money and still get near the same returns?
Do you know your investment style? Do you know what an investment style is? You may have heard the terms, “buy and hold”, or “actively managed”. How about “sector rotation”? Each of these refers to a particular style of investing and many other styles exist as well. The point I want to make is that if you adopted one of the most popular styles, and the style that many investors fall into by ease, you probably lost money during the past ten years.
With a recorded 237 Millionaires in the U.S. Congress, do you believe that they are out of touch with the average American?
Brokerage firm compensation plans can drive broker/advisor behavior. Educate yourself about your advisor’s compensation plan to ensure your best interests are represented.