Most retirement planning is done with complicated software. Unless the user is highly trained both on the software and with math and investments, mistakes frequently occur and go unnoticed. Making a mistake when building a software-based financial plan is extremely...
If you own a business or are an active investor, tax planning can help you eliminate surprise tax bills. Over the last 25 years I have met dozens of investors and business owners who tell me stories of large, unexpected tax bills. The story is always the same, the...
The recent research paper, Beyond The Status Quo: A Critical Assessment of Lifecycle Investment Advice, has created a lot of buzz since the paper was published. The authors advise an optimal retirement portfolio that is 100% equities with 33% in domestic stocks and...
Investors have invested over $230 billion in the Fidelity Government Cash Reserves Fund, FDRXX. Many of them end up paying state income tax on a portion of their dividend that should be tax-exempt at the state level. How the Tax Mistake Occurs For after-tax investment...
Fee-Based Financial Advisors, aka dual-registrants, have both a series 7 stockbroker license and a series 65 investment adviser license. Sometimes they have an insurance license too. According to FINRA, approximately 90% of financial advisors are fee-based dual...
There is a simple litmus test to determine if your diversified portfolio will fail. Ask yourself the following questions. Do you understand every single investment in your portfolio? Do you know why you own every single investment in your portfolio? Can you...
