As the saying goes, there are only two certainties in life: death and taxes. An unwillingness to plan for either is a recipe for disaster. Individuals who pass away without a will essentially hand the keys to their kingdom and control of their assets over to the states where they reside. Without a will, intestate […]
The Department of Labor introduced the fiduciary rule in an effort to provide 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. However, in March 2018, the Court of Appeals for the Fifth Circuit invalidated the regulation and […]
A Roth IRA is a unique retirement savings account that allows eligible individuals to set aside money today for a potentially tax-free income stream in the future. Like a traditional IRA, a Roth arrangement allows individuals to make annual contributions of up to $5,500 in 2018, or $6,500 for savers age 50 and older. That […]
In March 2018, the Federal Reserve raised interest rates for the sixth time since December 2015 while signaling potentially three additional rate hikes this year. For some investors, rising interest rates may present market opportunities and a potential increase in income; for others, a watchful eye may be needed. A key to investing in the current […]
The ongoing saga of the Fiduciary Rule continues on following a March 15, 2018, appeals court decision that invalidates the requirement that financial advisors and brokers conduct their business in the best interest of their clients. As we wait for the Department of Labor’s response to the court’s action, astute investors must remain diligent when […]
Caring for a family member with a physical, intellectual or emotional disability can be costly. Every-day expenses can include not only food and shelter but also specialized medications, assistive devices, special education, transportation, at-home nursing care and much more. Over time, these expenses will almost certainly increase. To ensure that a loved one continues to […]
For too long, women were socialized to believe that they were bad with money or that financial management was a role better left to their husbands. While women have come a long way, there remains a significant gender gap in financial literacy. According to the results of a recent study conducted by the Global Financial […]
Gone are the days when large, institutional banks and wirehouses were the only ones with pockets deep enough to arm financial advisors with the tools needed to attract and retain wealthy clients. Today, registered investment advisors (RIAs) and wealth-management firms that align with independent broker-dealers (IBDs) have access to a wide array of customizable strategies […]
Retirement savers who leave their jobs with outstanding loans from their employer-sponsored 401(k) plans now have up to 21 months to pay back unpaid balances, thanks to the new tax laws. This extended repayment period also provides cost-cutting relief to employers by reducing retirement plan leakage. Under the Tax Cuts and Jobs Act, workers who […]
FT. LAUDERDALE, FL – May 9, 2018 – Jamel Gordon has joined Provenance Wealth Advisors as a financial advisor based in the firm’s Ft. Lauderdale office. Gordon offers financial planning consulting services to entrepreneurs, business owners and high-net-worth families and individuals. He has specialized experience in financial planning for professional athletes and entertainers. “Jamel adds […]
If you gathered documents to prepare your annual federal income tax returns, take a moment now to look closely at your financial accounts, how they are titled, and who is named as a beneficiary, before filing those papers away in a drawer. A mistitled account or lack of a named beneficiary can lead to a […]
On March 15, 2018, the Court of Appeals for the Fifth Circuit Court overturned a lower court decision that would have advanced a fiduciary standard for investment advice that the Department of Labor’s introduced in 2016. The appeals court decision invalidates the fiduciary rule requiring investment brokers and financial advisors to act as “fiduciaries” when […]
FT. LAUDERDALE, FL – April 30, 2018 – Provenance Wealth Advisors announced that Barron’s has named the firm’s chief investment officer Todd Moll, CFP®, CFA, to its annual list of top 1,200 financial advisors in the country for the fourth consecutive year. Moll ranked No. 14 out of 110 Florida advisors included on the list. […]
Spouses saving for an eventual retirement during their working years often have different timelines for leaving the corporate world behind. While a difference in retirement dates essentially eliminates one income stream and helps couples ease slowly into their golden years, careful advance planning can go a long way to ensuring their financial goals stay on […]
