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Updates

Sep 25th, 2019

7 Ways to Fix a Flawed 401(k) Strategy

Workplace retirement plan investments ballooned in the last decade. The average 401(k) balance increased by more than 450% between 2009 and 2019, according to Fidelity Investments. Meanwhile, the average 401(k) return reflects the stock market volatility of recent years. Vanguard’s How America Saves 2019 report found that the median 2018 return was a 6.5% loss, … more »
Aug 28th, 2019

Here’s why you might want to rethink getting an adjustable rate mortgage

If you’ve been considering a mortgage with an adjustable rate, your reasons for going that route might be disappearing. As recessionary fears cause longer-term interest rates to hover near or below short-term rates, the advantage that typically comes with adjustable rate mortgages has shrunk — or entirely disappeared — at some lenders. ARMs, as they … more »
Aug 26th, 2019

Top 11 Retirement Planning Questions Clients Ask

When it comes to retirement planning, a significant number of Americans continue to be completely unsure about when they can and should retire, as well as how much money they’ll need when they decide to stop working — at least on a full-time basis. After all, many Americans opt to continue working at least a … more »
Aug 19th, 2019

Recession watch: 6 financial moves to make when the economy slows down

Just because the stock market is jittery doesn’t mean you have to be. There is increasing concern about recession in the U.S. This week, the bond market sent a signal that sent stocks tumbling. That combined with other economic and geopolitical disruptions led investors to flee stocks in anticipation of an economic slowdown. From cutting … more »
Jun 3rd, 2019

Overlooked fund category is dominating 2019

The stock market’s volatility over the past several months has generally favored actively managed investment strategies, in a switch from passive strategies’ generally stronger performance in recent years. But the biggest surprise so far this year is mid-cap growth funds. This year through Tuesday, the mid-cap growth category is up an average of 18.2%, making … more »
May 29th, 2019

Direct-Sold 529 Plans Coming to Advisor Market: Morningstar

Direct-sold 529 plans are increasingly accessible to advisors as they shift from commission to fee-based compensation, according to a Morningstar study released Wednesday. “Direct-sold plans recognize that the market is shifting and so they want to provide some of that customization and flexibility that was previously limited to advisor-sold plans,” said Madeline Hume, analyst with … more »
May 23rd, 2019

Here’s what to do if US-China trade war ignites layoffs

The best time to prepare for being let go is while you’re still punching in at work. While employment overall has been rosy — the unemployment rate went down 20 basis points to 3.6% in April, according to the U.S. Bureau of Labor Statistics — signs of job cuts are emerging. Last month, U.S.-based businesses … more »
May 17th, 2019

The One Word Whispered To Every College Grad Who Seeks To Make A Fortune

When Mr. McGuire hustled Dustin Hoffman’s Benjamin away from the noisy party crowd, he only had one word for the newly minted college graduate: “Plastics.” While that single utterance from the movie The Graduate ranks high in the American Film Institute’s list of top 100 movie quotations (even higher than the film’s seminal “Mrs. Robinson, … more »

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