Tag Archives: Financial Advisors

For all the worries that seem to plague the advisory business, one thing suggests it will continue to thrive: The demand for financial advice is, and will remain, strong. “I’m very bullish on the long-term success of the financial advice business,” said certified financial planner Evelyn Zohlen, head of Inspired …

There are 1.7 trillion dollars in circulation in the United States right now. For many of us, our main goal is to figure out how we can get our hands on as much of that money as possible. Given that we live in a capitalistic society, some people succeed in their …

If you’re a young investor, your rate of return typically matters less than your savings rate, said James Sweeney, a CFP and founder of Switchpoint Financial Planning in Lehi, Utah. He provided an example: If you’re 30 with $20,000 invested, whether you earn a 10% or a 5% return will …

In order for women to cash in on investing opportunities, here are some key things that every woman should know: 1. Understand compound interest and time value of money. The earlier you invest, the more wealth you can accumulate. That’s because compound interest allows you to earn interest on your …

Without admitting or denying the findings that he didn’t get prior approval for selling the promissory notes, Powell agreed to being permanently banned from the securities industry. Powell did not respond to calls from CNBC seeking comment. Another broker also was barred after selling $2.7 million of Woodbridge notes, which …

Among other allegations, the suit claims Madden had no experience in managing that amount of money and also invested it too conservatively, resulting in low returns. Her son’s lawyers have filed a motion to dismiss the suit, noting in their filing that none of the accounts lost money and that …

Fidelity’s analysis, which assumes the two theoretical people are eligible for Medicare, includes premiums, copays and other cost-sharing expenses, along with prescription-drug costs. And, it’s just a starting point. Things that are not covered by Medicare — dental, basic vision, over-the-counter medicines, long-term care — would be on top of …

A report by the Transamerica Center for Retirement Studies found that 4 in 10 workers who provided an estimate of their retirement savings said that they “guessed” the amount they needed, a finding that was basically unchanged from a decade earlier. Still, more than half of adults, or 57 percent, …

Death and taxes … you know what the deal is. You can’t avoid either of them. If you have a big tax bill that you can’t pay, life can seem pretty bleak. While the number of tax liens annually filed by the IRS against taxpayers has fallen by more than …

Another recent development is the deferred income/longevity annuity, for which a client pays an upfront lump sum in exchange for monthly lifetime income at a future date, said actuary Scott Witt, a New Berlin, Wisconsin-based fee-only insurance advisor who does not sell any products. A typical scenario would be a …