Part 2 of 2: 4 Must-Ask Questions for Your Fiduciary

With few exceptions, stockbrokers, investment advisors, and insurance agents act as fiduciaries for their clients. Therefore, they are required to place the interests of their clients ahead of their personal goals. How can you determine whether your advisor is a fiduciary who must act in your best interest or a stockbroker who is subject only to a “suitability” requirement? Here are some questions to ask your financial advisor to determine whether they are really putting your best interests f...
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Part 1 of 2: How to Determine if Your Financial Advisor is a Fiduciary

You have probably heard a lot of buzz lately about the U.S. Department of Labor’s proposed “fiduciary rule,” which would significantly expand the types of financial advisors who are considered fiduciaries, and therefore owe a fiduciary duty to their clients. The rule is intended to apply to advisors who manage or give advice about retirement assets, such as IRAs, SIMPLE IRAs, Roth IRAs, and 401(k)s. But what is a fiduciary duty? How does a fiduciary duty differ from other standards governing fin...
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How to Protect Your Digital Assets in Your Estate Plan

As our society ages, there is naturally a rising concern over the physical, emotional, and financial security of our family members. With changes in technology, we are now conducting more business and financial management digitally. As a result, you should consider how you would protect your digital assets in your estate plan. Who will have access? How and where will you store your online passwords? These are vital questions to address as part of your estate plan. Before providing a loved one...
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4 Simple Tips for Seniors to Safeguard Themselves From Financial Scams

As our family members age and technology continues to evolve, there is certainly an emergent trepidation over their financial security. While it takes decades of diligence and discipline to build a secure nest egg to live off of during life’s golden years, it only takes an instant for scammers to take it all away. Financial fraud is on the rise, especially on the Internet, where many senior citizens are easy targets of technologically savvy scammers. With fraud impacting millions of individua...
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Joint Bank Accounts: Do You Understand the Risks?

Joint Bank Accounts: Do You Understand the Risks?
As our parents and family members age, there is inevitably a growing concern over their physical, emotional, and financial wellbeing. Oftentimes, these aging individuals require assistance paying their bills and managing their finances, and they turn to a trusted family member, friend, or caregiver for help. This is both common and appropriate. Often, they go together to the bank or financial institution to get shared access to accounts with very noble intentions, and the teller provides a form ...
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How to Protect Your Sensitive Financial Information

how to preotect your sensitive financial information
It’s an undisputed fact that financial scams are on the rise. In 2015 alone, 13.1 million Americans were victims of fraud, accounting for over $15 billion dollars in losses. That number is expected to increase in 2016. With more purchasing online, there is now significantly greater opportunity for criminals to obtain and exploit your sensitive financial information. In addition to unknown criminal elements seeking to obtain and exploit your financial information, sometimes unscrupulous fr...
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