Financial tasks to tackle at the new year

By: Liz Weston
Posted on: January 23, 2020

The beginning of the year is a good time to mark some items off your financial checklist, such as reviewing beneficiary designations, updating contact information and visiting your safe deposit box. A task without a deadline is just wishful thinking. Sometimes, you can get away with procrastinating. If you never get around to alphabetizing your spices, no one’s life will change. But... READ MORE

Protect yourself from fraud by a fiduciary

By: Timothy Barrett
Posted on: January 21, 2020

One in 20 older adults is a victim of financial mistreatment, according to the National Adult Protective Services Association. Most fail to report their victimization, fearing a loss of independence. In part, that’s because the most common perpetrators of financial abuse are family members, unscrupulous caregivers and professional advisers, such as lawyers, accountants and financial... READ MORE

Tax reduction via opportunity zone funds

By: C. Grant Conness
Posted on: January 20, 2020

It’s tough to think of a highly appreciated asset as the problem child in a portfolio. The goal is to choose investments that will flourish, after all. And those strong performers are typically the ones you love best and hold onto the longest. But things can get complicated when it’s time to let go — when that stock stops growing and you’re ready to sell, or when you’re... READ MORE

Questions to ask before investing money

By: T. Eric Reich
Posted on: January 20, 2020

Many people who ask me about investments or setting up an appointment often preface it by saying, “I’m sorry, this is probably a stupid question, but…” Most people are afraid to ask questions about their investments for fear of sounding ignorant or admitting in some way that they don’t have all of their “stuff together.” But there truly are no stupid questions when it... READ MORE

New law changes RMD and IRA rules

By: Rocky Mengle
Posted on: January 16, 2020

With the decline of traditional pensions, most of us are now responsible for squirrelling away money for our own retirement. In today’s do-it-yourself retirement savings world, we rely largely on 401(k) plans and IRAs. However, there are obviously flaws with the system because about one-fourth of working Americans have no retirement savings at all — including 13% of workers 60 and... READ MORE

Involve your spouse in financial decisions

By: Elliot Raphaelson
Posted on: January 15, 2020

When I taught courses in personal financial planning at the New School for Social Research in New York City for 18 years, most of my students were women. Periodically, I teach courses at local colleges and still find a large percentage of women in my courses. Many of them were widows who had not actively participated in basic personal financial decisions, such as investing and... READ MORE