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.
The Stock Brokerage and Insurance Industries are fighting hard against the Department of Labor's Fiduciary Rule, which would require their advisers to put their client's interests first and disclose conflicts of interest. The industries got the 5th Circuit Court to agree that, unlike Registered Investment Advisers, stock brokers and insurnce agent are just salespeople
The stock market is compared to a roller coaster for a reason. If you're concerned the recent drop in value is a sign you should get out, these four charts will help you put things in perspective. If stocks are the appropriate investment for you, don't let a drop in the market scare you into pulling out.
The DOL Fiduciary rule is now in force, but there is a loophole for commissioned advisers which can allow them to maintain their current compensation model. Make sure you understand the Best Interest Contract Exemption and the implications it has on potential conflicts of interest which could influence the investment advice you recieve.
Between the wide range of meaningless job titles and the alphabet soup of certifications and designations, it's easy for an advisor to hide how they truly do business. One thing an adviser can't hide, however, is how they're licensed. Knowing the license will tell you what they can advise on, how they are compensated, and whether they are fiduciaries.
Congress recently reversed rules which allowed states and cities to create Auto-IRA programs. Although I like the intent and am a big fan of encouraging retirement investment, the program wasn't ideal. A lack of ERISA protections, potential for poor management, and poor investment options all mean I won't mourn the death of the Auto-IRA.