After much delay, the Department of Labor fiduciary rule finally went into effect on June 9, 2017, providing consumers with enhanced protections when receiving retirement saving advice from financial advisors and investment brokers who manage consumers’ 401(k)s, IRAs, pension plans and other retirement assets. The Fiduciary Duty Rule, which […]
It is not uncommon for an individual to find love again and remarry after a divorce or the death of a former spouse. However, people entering a second, third or even fourth marriage typically bring to these unions a unique set of emotional and financial baggage, including children from a […]
In June of 2017, the Federal Reserve announced it will continue on its slow and steady path of interest rate hikes with another 0.25 percent increase in the federal funds rate to a range of 1 percent to 1.25 percent. The central bank’s move, its fourth raise since 2008, represents […]
According to the Pew Research Center, young adults between the ages of 18 and 34 are now more likely to live under their parents’ roofs than they are to live on their own. While moving in with mom and dad helps children pay off student loans and save money in […]
Despite an individual’s altruistic intentions to help out a friend or family member, cosigning a loan can spell financial disaster for the cosigner and ruin an otherwise healthy relationship. While it is not unusual for parents to cosign for a child’s student loans, car loans or even a mortgage, doing […]
One of the primary objectives of financial planning is to ensure that individuals have more than ample spendable cash flow during all of their retirement years. Navigating the careful balance between spending too much and possibly running out of funds, or spending too little and missing out on all of […]