Reasons to get your financial life in order

By: Mary Kane
Posted on: February 18, 2020

Scammers regularly target older adults with bogus claims of unpaid bills. Having an organized system to double-check your finances can help protect you, according to Susan Devaney, a professional who specializes in helping older adults move from their longtime homes and resettle elsewhere. It’s also useful to have documentation if you’ve forgotten whether you paid a bill and need to ... READ MORE

Bad financial advice can be very costly

By: Liz Weston
Posted on: February 05, 2020

Good financial advice leaves you better off. Bad advice does the opposite and may enrich someone else at your expense. Here are some areas where you need to be particularly careful to seek out good advice, since bad advice can be so costly: Investing Most financial advisers aren’t required to put your best interests first. They’re allowed to recommend investments that cost more or... READ MORE

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