Friday, June 9 quietly marked a historic day in the financial services world. On that date, all financial advisors were required going forward to forego any sales agenda and give advice that benefits their clients or customers—or, if they decide otherwise, to explain how and why they intend to give advice that instead primarily benefits themselves and their brokerage company.
Budgeting is often regarded as something people should do when they are starting out on their own, earning an entry-level income, and that’s certainly true. But a budget, or spending plan, is also important any time you experience a significant change in your income, especially when you are contemplating retirement.
I recently read the results of a survey that stated the majority of women associated wealth with the word “security,” while men generally associated it with words like “status” and “power.” My personal experience in working with clients has been that both women and men strongly associate wealth with security.
Graduating college is a very exciting accomplishment, but for many students, the excitement is dampened when they look at their accumulated student loan debt. The prospect of making loan payments for a decade or more makes many of them ask the question, “Should I put extra money toward paying my off student loans or invest for retirement?”
If you’ve been paying attention to the news lately, you have no doubt heard about the massive ransomware campaign that has infected over 144,000 Windows computers in a number of organizations around the world. It’s unclear how this ransomware is being disseminated, but there are indications that it may be spreading through a security hole in Windows for which Microsoft release