3 Rules for Clients to Build a Healthier Relationship With Money
As advisors, you can help your clients develop stronger financial thinking by learning these three rules, and helping clients to incorporate them over time.
How to Comply With DOL’s Best Interest Standard of Care
The DOL fiduciary rule’s best interest standard of care will impact advisors’ advice on IRAs on both a macro and micro level.
Adding Value After the Death of a Client’s Spouse
The loss of spouse is one of the most painful events a person will ever endure; the advisor can play a key role in healing.
DOL’s Best Interest Standard May Be Tougher Than It Looks
There were a number of excellent comments to my last blog, including a tome-like tutorial by Ron Rhoades on “best interest” and “sole interest” standards.
Mitigating Postretirement Health Expense Risk
Postretirement healthcare costs can be a significant expense, fortunately there are planning vehicles and income minimization techniques that can help.
Retirement Planning's Hard Reality: Savings Trump Returns
Sorry, but pipe dreams and unicorns don’t actually exist, although the lottery is an option. I’m kidding about the lottery part.
A Random Talk With Burton Malkiel
Malkiel, the famous author of “A Random Walk Down Wall Street,” talks about why he dislikes smart beta and how he invests his own money.
How to Sell Fixed Indexed Annuities Under DOL Fiduciary Rule
Sales — even recommendations — of fixed indexed annuity products makes an advisor subject to the new fiduciary rule.
When Clients Divorce: Avoiding the Retirement Income Trap
Retirement income planning’s complications are magnified by divorce. A qualified domestic relations order (QDRO) is often a necessity.
Do Conflicts of Interest Affect the Value of Financial Advice?
When they understand the difference, most clients will happily pay a bit more for advice that’s in their best interest. Who wouldn’t?