The couple had made every mistake you could: retired too early, spent too much, took on too much house and too much debt. “This is killing me,” Sarah told the advisor, as she burst into tears.
Old age should come with a caution label for many reasons. Most of us expect to live longer than our parents or grandparents. And with longer life come difficulties – and sometimes financial predators.
President Barack Obama wants to crack down on advisors who get commissions for selling retirement plans. On the surface, his goal seems noble. But it ignores reality, targeting the wrong people and misunderstanding the problem he perceives.
What a lot of people don’t understand about financial advisors is that they are not there solely to plan your future. They are at your side when a present-day catastrophe strikes.
Costs of education and retirement are likely two of your biggest financial concerns. Just in time for tax season, here are answers to a couple of common questions on each important topic.
Will the world’s economy keep growing? Despite the doomsters’ wails, the answer is: Yes, it will. Why? Largely because the world’s population is growing. Sure, some individual nations lag (particularly those with shrinking populations). But an examination of the demographic data shows that the overall global outlook is encouraging.
For those who struggle to save, here’s a tip: keep the money out of your reach.
While the Internal Revenue Service may not be your favorite federal agency, criminals posing as IRS representatives are unquestionably the much bigger problem. Here’s what to know to protect yourself.
With the price of oil slashed in half since last summer, we keep hearing predictions that a reversal is waiting in the wings. Forget it. The showing of another energy product, natural gas, shows us why: Ever-improving technology keeps prices low, amid more efficient and cheaper production methods.
Giving money to people you love probably makes you happy. Spending money on others also probably makes you happier than spending it on yourself, just as spending money on experiences makes you happier than spending money on things. So does that mean you should max out your credit card to take your entire family on a cruise? Not exactly.