Over the past year, there has been increasing buzz in the financial industry surrounding new regulation from the Department of Labor (DOL). The “Conflict of Interest Rule” proposed by the DOL seeks to apply a “fiduciary standard” to any financial advisor who makes recommendations about clients’ retirement accounts.
Every person is unique and has certain characteristics and qualities that make them who they are. In the same way, every investor has a unique tolerance regarding risk and reward that is frequently independent of age.
Millennials may think it's too early to think about retirement, but not thinking about it could become their biggest regret down the road. This video helps guide Millennials with some basic retirement savings education and encourages them to take an active role in their retirement planning now to positively impact their future.
The Internal Revenue Service recently announced cost of living adjustments affecting dollar limitations for retirement-related items for the 2018 tax year. Detailed in Notice 2017-64, here are the excerpts directly from the IRS:
By most investors, 2017 was a year filled with great highlights. The stock market performed well above its historical average, unemployment hit record lows, interest rates remained modest and volatility was practically non-existent.
As we near the end of the year, it is time to look back at what has happened and determine how it will affect your financial future. Check off these important items so you can start the new year’s finances with peace of mind.
INCOME TAX
Whether you are Bill Gates, Warren Buffet, or just an ordinary Joe, the gifting principles, tax benefits, and philanthropic rewards of charitable giving can be relatively the same, regardless of how large, or how small, your gifting program.
We’re all familiar with fitness fanatics, raving about life changing workouts guaranteed to get you into tip top shape. While there is a new fitness craze in the air, it’s time to exercise your wallet. Financial Fitness is a set of goals or programs to help you identify your financial goals, and how to get in the best financial shape of your life.
When I meet with a new client for the first time, I feel it is important to spend the time to get to know them. From a financial perspective of course, but even more importantly, from a life perspective. I need to understand what makes them tick, what excites them about their life and their future. What is REALLY IMPORTANT to them!
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