It’s Time For Year-End Financial Planning

Getting your finances ready for the end of the calendar year takes time, so it’s wise to start thinking about your financial to-do list now. Since most year-end planning opportunities have firm deadlines—often December 31 st —acting now can help ensure you don’t leave money on the table. It’s not all upside though: failing to take certain actions can mean …

Nightmare on Wall Street: The Spooky Terminology of Investing

Once again, it’s time for Halloween. Pumpkins are turning up on doorsteps and small children are dressing like ghosts and superheroes. Let’s get into the spirit of the season and look at some of the more macabre and bloodcurdling terms circulating in the world of investment.  KEY TAKEAWAYS You might be shocked to discover the investing world is full of …

When a Mortgage Is Part of Your Retirement Plan

Eliminating debt is a great goal. But is it the best option for you? There is no mistaking how Eric Markowitz feels about borrowing money: “I hate debt,” he said. Dr. Markowitz, a dentist in Washington, D.C., took out a mortgage to buy a home for his family, but that’s the extent of his borrowing. And he fully intends to …

A Pre-Retiree’s Guide To Current Financial Markets

How to navigate the home stretch There is a group of Baby Boomers I refer to as “90%ers.” They have accumulated about 90% of the wealth they need to retire in the manner they desire. However, given the awkward nature of the current investment market climate, that last 10% could be difficult. That is, unless the 90%ers get familiar with …

Charles Schwab Just Made Stock Trading Free. Here’s Why That Might Be Bad News for Investors

Charles Schwab just made it cheaper to buy and sell stocks whenever you want. That doesn’t mean you should. On Tuesday, the discount brokerage said it was offering clients unlimited commission-free online trades on all stocks, exchange-traded funds, and options. (Trading options will still cost 65 cents a contract.) The decision followed a similar move from smaller electronic-trading rival Interactive …

Stocks Have Reached a Turning Point, but in Which Direction?

One good thing about being bombarded with mixed messages is you’re bound to hear something you like. That could explain why the stock market keeps setting new highs despite a sluggish economy and stagnant corporate earnings. But the new highs have been marginal. The market hasn’t made much net progress since early last year. President Trump’s tweets on trade have …

Democrats Want to Tax the Rich. Here’s How Those Plans Would Work (or Not).

Among Democratic presidential candidates, it’s the rallying cry of the moment — tax the rich. The idea is a centerpiece of the campaigns of Senator Elizabeth Warren and Senator Bernie Sanders. A former candidate, Mayor Bill de Blasio of New York, went so far as to say the government ought to “tax the hell out of the wealthy.” The new …

Medicare Shopping Season Is Almost Here

If you’re enrolled in Medicare but worry about the cost of health care, your chance to do something about it is right around the corner. Most people enroll in Medicare when they become eligible at age 65. But every fall, they have the opportunity to change their coverage during an enrollment season that runs from Oct. 15 through Dec. 7. …

Americans Think They’ll Have Enough Money for Retirement. Most of Them Are Wrong

Most Americans admit they’re behind on retirement savings but believe they can make up their shortfall down the line, according to a poll released Monday by TD Ameritrade. About six in 10 Americans of all ages say they need to catch up on retirement savings, and 68% optimistically believe that goal is “completely possible,” according to the poll of 1,015 …

Financial Tips During a Presidential Election Season

One question on the minds of many is “how will the upcoming election affect my personal finances?”. Few aspects of the life experience get people so emotionally charged as money and politics.  Combine these two areas of concern and we are looking at a prolonged political dance that will impact the financial stability of America and with it the personal …