Many of my prospective clients come into my office either not knowing how much they are paying in investment fees or mistakenly thinking that they are receiving their investment counsel for free. It is no wonder this occurs. Fees are often embedded in the form of loads (either front-end when the fund is purchased or…
Retirement planning can be more complex for women for various reasons. Women live longer, take time away from work to care for their parents or children, and are often paid less than their male counterparts. To compound matters further, many married men are deciding to retire much earlier than originally anticipated. A husband’s early retirement…
Investors are well aware that financial markets go up and down. That is the essence of business and economic cycles. What is difficult for individual investors to master is how to act in the face of market advances and declines. Unfortunately, most people become very tolerant of risk and increase their exposure to the stock…
Remember your first paycheck and how shocked you were when you noticed how much was being taken out for taxes? My son had the shock of his life when he saw his first paystub for his summer internship at Textron, Inc. Although he instructed his HR department to withhold the minimum amount out of his…
Most people think they’ll be ready to retire when they hit a certain age or accumulate a set amount of assets. Unfortunately, they rarely do the math to determine whether their savings will sustain them after they retire. According to the 2015 Retirement Confidence Survey by the Employee Benefit Research Institute, only 48% of workers reported…