Financial Education & Advocacy
Purposeful Finance attempts to improve financial literacy and advocate for more consumer-focused financial services through articles distributed through Apple News, our website, and other outlets. In addition to financial education and guidance, we actively support a fiduciary legal standard of care for consumers and minimizing questionable practices such as presenting commissioned sales of financial products as ‘advice'.
Articles are written to provide education on personal finance topics and help consumers advocate for themselves with the financial services industry. For example: after the massive Equifax data breach, Purposeful Finance published step by step directions on how to opt out of the Equifax arbitration clause.
Recently Published Articles
The IRS has announced the 2019 income tax tables and other adjustments for inflation. Get a jump start on your taxes and plan ahead to lower your 2018 income taxes.
The 2019 inflation-indexed changes gave increases across-the-board for all retirement accounts, including workplace retirement plans and Individual Retirement Accounts (IRA). Here are the maximums you can contribute to your retirement accounts in 2019.
The end of last week saw a stock market drop which has many spooked. Words like ‘market crash’, ‘historic drop’, and ‘recession’ abound and many are selling their investments in fear of a massive downturn. Here are the 4 things you can do to keep the market downturn from ruining your financial plan.
While it currently only applies to one company, the IRS has opened the door for companies to being offering an employee benefit whereby workers have an opportunity to both pay down student loan debt and save for retirement with the same dollars.
Fidelity has won the race to the bottom, with two index mutual funds carrying 0% expense ratios. That’s right, no expenses paid for from fund investors. Investors should wonder, however, how Fidelity could potentially make its money. I have my bets….
The SEC is proposing updated rules regulating how financial services companies offer investment advice. Unlike the Department of Labor’s Fiduciary Rule, the SEC advice seems to protect the broker/dealer industry more than the individual investor.
Focusing on debt payoff can cost you hundreds of thousands of dollars. Debt payoff strategies abound on the internet, and many mainstream financial gurus have built an empire on the common-sense approach to focus your financial efforts first on paying off your debt. The math, however, doesn’t work out in their favor.
The importance of budgeting is undeniable, but many don’t do it because it is time consuming and difficult. Learn how to build a basic budget in 15 minutes which meets both your financial needs and goals.
Consumers who have had contact with Coceptive Credit Union should beware, all evidence suggests the organization is not an actual credit union and is breaking numerous laws by operating as a credit union in California.
Eight investment management firms threatened to stop using the CFP designation if the CFP Board expanded it’s fiduciary rule. Despite the bullying, the CFP Board still voted to improve the consumer protections in their Standards of Professional Conduct.