Money Matters

10 Posts in this category
Posted By: CFP&WM On: Aug 13th, 2012 In: Money Matters

Wall Street’s Self-Regulator Wants More Power And That’s Bad News For The Public

Wall Street‘s self-regulating agency wants to increase its power over more financial advisory firms.

Financial Industry Regulatory Authority’s (FINRA) currently performs financial regulation of member brokerage firms and their employees but now with the endorsement of politicians like Rep. Spencer Bachus it’s pushing to regulate Registered Investment Advisors (RIAs) which are currently regulated directly by the Federal and State …

Posted By: CFP&WM On: Jun 15th, 2012 In: Money Matters

Morgan Stanley Facebook IPO: Small Investors Screwed Again

Morgan Stanley is reportedly facing at least two lawsuits and a U.S. Senate Committee hearing, all stemming from the recent Facebook IPO debacle. The suits allege that analysts at Morgan Stanley (MS) had lowered their second-quarter and full-year forecasts for Facebook in the days ahead of the IPO and shared their findings via phone calls with certain institutional investors, …

Posted By: CFP&WM On: Jun 12th, 2012 In: Money Matters

Closed End Funds: The Too-Well-Kept Secret

Most investors are familiar with open-ended mutual funds, which are bought and sold at the end of the day based on the Net Asset Value (NAV) of the fund’s holdings. As new money comes into these open-ended funds, more shares are issued by the mutual fund company.

But too few investors have ever heard of a Closed End Mutual Fund …

Posted By: CFP&WM On: May 30th, 2012 In: Money Matters

Will You Have Enough to Retire

As people approach retirement, they often take a look at their projected retirement income and the expenses, scrutinize their findings, and then heave a sigh of relief. Unfortunately, all they have really gotten from that exercise is a false sense of security. While at first blush, it looks like they will have enough income to enjoy a comfortable retirement, in …

Posted By: CFP&WM On: May 21st, 2012 In: Money Matters

How Investors Can Avoid Wall Street Toxicity

Last week’s op-ed piece by Greg Smith regarding his former employer, Goldman Sachs, was another example of a large financial services company being incentivized to make as much profit as possible at the expense of the client.

But I think that, perhaps, the key reason is that most investors fail to understand the inherent conflict of interest when using a …

Posted By: CFP&WM On: Feb 27th, 2012 In: Money Matters

Dead Man With Outdated Beneficiary Documents Gave $1 Million to Ex-Wife

A widow recently came to the office and told a sad story that everyone should hear.

Her husband “John” went to school, got married, built a successful company, had 3 kids, got a messy divorce, remarried and died. The problem is that his Transamerica life insurance policy and his Keogh retirement plan at Merrill Lynch listed his 1st wife as …

Posted By: CFP&WM On: Dec 12th, 2011 In: Money Matters

Protected: ADV

This post is password protected. To view it please enter your password below

Posted By: CFP&WM On: Nov 9th, 2011 In: Money Matters

Are You Contributing Enough to Your Retirement Plan

If you are one of the millions of Americans who contribute to a defined contribution retirement plan, there are two reasons to rethink the level of your contribution for 2012.

The first is that it is well established that contributing less than 10% of your salary diminishes your chance for meaningful retirement income. If you are not maxing out the …

Posted By: CFP&WM On: Oct 21st, 2011 In: Money Matters

5 Key Estate Planning Documents to Help Avoid Family Conflicts

This week is National Estate Planning Week. The hope is to raise awareness as to the importance of having the proper estate planning documents to protect you, your family and your assets. An added bonus is to decrease family strife and discourse at the time of serious illness or death.

Below is a review of the documents you may need …

Posted By: CFP&WM On: Sep 23rd, 2011 In: Money Matters

Refinance Your Home Loan Now

The mortgage payment is one of the biggest items in most homeowners’ budgets. A smaller payment means more to spend elsewhere.

Interest rates on home loans are at the lowest level in 60 years. This is an opportunity to save on interest payments and use the saving to finance other goals.

Consider a homeowner who has a mortgage of $250,000 …