What caused the substantial increase in market volatility over the past week? It appears that investors were spooked by the economic slowdown in China, but regardless of the cause, the effect caused a 10% drop in stock prices globally. These declines are never fun to experience but they are a natural and somewhat common occurrence…Details
A 2006 study at Indiana State University (McCormick and Godsted: “Learning your Monetary ABCs”) concludes that teaching financial skills to young children is just as important as the teaching of reading and math. Why begin financial education at such a young age? It’s logical. Exposure to financial subjects at an early age instills fluency as…Details
4 reasons why life insurance for children (and grandchildren) may be an appropriate financial planning strategy.
There are opinions on both sides as to whether buying life insurance for children or grandchildren is a good idea or an appropriate financial investment. Here are four reasons to consider in making your decision. 1. Building cash value. By purchasing a whole life insurance policy, the policy accumulates cash value over time. …Details
FINRA Rule 2165, known officially as the “Financial Exploitation of Specified Adults” but known commonly as the “Financial Exploitation of Seniors Act”, goes into effect February 5, 2018. Here are 3 important facts you need to know about the Rule: 1. If you are a “specified adult”, financial institutions may place a temporary hold on…Details
QDIAs = investment choice simplification + employer peace of mind. Rarely do employees have the wherewithal to direct their own retirement plan investments and most often they leave it up to their employer to determine the best choices. As a fiduciary for plan participants, employers have potential liability for the investment choices they offer to…Details
Building an investment portfolio to withstand the unknown. Don’t listen to market prognosticators; no one can tell the future. Market opinions are ubiquitous and, unfortunately, many are broadcast with the intention of profiting from a reaction by the masses. In the investment industry we call this “talking your book.” But even prognosticators with the purest…Details
There are certain advantages to financing life insurance premiums for new or existing policies. Here are 5 points to consider. Premium financing allows you to: -> Acquire new life insurance coverage or fund existing premiums without liquidating assets. -> Reduce the size of gifts made to fund life insurance policies owned outside of your estate.…Details