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Eleanore Szymanski on How to Choose A Financial Advisor

Naturally, everything she says makes sense… <http://www.nj.com/times-opinion/index.ssf/2014/01/szymanski_take_care_in_choosin.html> She does preface with a caveat – that there are advisors who could be perfectly well qualified but who won’t fit the criteria she lists — but because a lay person may not be able to evaluate and select one who doesn’t fit her criteria, these are a Read more

March 7, 2014
FINRA warns about 401(k) Rollovers – Let’s talk again about conflicts of interest!

FINRA, the Financial Industry Regulatory Authority, is the securities industry’s self-reglatory organization. They do the various test, deal with broker and advisor registration and monitoring, etc. And FINRA has recently started cracking down on advisors and brokers who are giving questionable advice to investors about how to deal with their 401(k)s and rollovers. In Read more

February 23, 2014
Who’s Training Your Advisor? And let’s talk about conflicts of interest…

Another great column from Jason Zweig over at the Wall Street Journal: <http://blogs.wsj.com/moneybeat/2014/02/14/whos-training-your-retirement-navigator/> In it, he starts with the big issue — there’s a lot of money on the table in the world of retirement savings and, especially, those huge balances growing in people’s 401(k) accounts, many of which will be rolled over in some form Read more

February 21, 2014
Joint Accounts – simple, effective, but not always the right way to go

Estate planning is a huge topic and many of the issues apply not just to what happens to assets after one dies, but also to how best to manage assets while one is still alive, especially in the unfortunate event that one may become incapacitated. One convenient tool is the “joint ownership” of assets, Joint Read more

January 28, 2014
Forbes/NAPFA iConference virtual conference – going on right now. (Michael Kitces is talking about fascinating research into a whole new way to think about asset allocation glide-paths in retirement – with *increasing* rather than decreasing equity allocations!) So far, though, it’s a great conference, just like last year. The session on tax planning for 2013 Read more

December 4, 2013
Taking former employer retirement savings with you – 55% should think very carefully!

A statistic quoted in a recent Kiplingers Letter: About 45% of folks who get a lump sum from an employer-sponsored retirement plan after changing jobs roll the entire sum into another tax-advantaged savings plan. That’s double the share who did so in the early 1990s, when lump sum distributions often prompted job changers to Read more

November 29, 2013