Protecting seniors from predatory practices

Chances are, you are over 65, have a loved one over the age of 65, or both. Financial services firms are targeting older Americans because of the tremendous opportunity they represent for these firms. Older Americans control record amounts of wealth in the United States and where there is bait, there will be sharks. Regulators are particularly concerned about predatory …

The Need For Financial Education

I write a lot about the need for financial education – not surprising given I am in the financial education business! The Employee Benefits and Research Institute (EBRI) published an issue brief this month which looks at how new retirees are doing financially in retirement. The study finds that many Americans age 65 – 75 appear to be starting off …

Options Find a Place in Retirement Accounts

The traditional view of options can best be summed up in one word – risky. That has always frustrated me, mainly because it is such a persistent myth. Options can be risky, particularly when they are used to place a bet on the future direction of price. If that’s what you want to do, why don’t you just go to …

All is well with the world right?

The Dow and S&P 500 continue their push into loftier heights. Your portfolio is going up in value. So, all must be right with the world, right? Well, not so fast. Investors are notorious for focusing on the narrowest of time frames — today, this week, this month, even this year. But you simply cannot look at it like that. …

11-1-2006 – Items of Interest to Family CFOs

Saving and Budgeting Money Magazine gives us 25 Rules To Grow Rich By. These cover the gamut — from what remodeling will give you the biggest return when you sell your house, to how much company stock you should hold, to extended warranties. Each has its own calculator or resource box to go with it. While I don’t agree with …

10-25-2006 – Items of Interest to Family CFOs

This short paper, “Will Reverse Mortgages Rescue the Baby Boomers?”, from the Center for Retirement Research, gives a wonderful explanation of reverse mortgages and how they can be used to tap equity in your home without selling it. It also explains the limitations and the risks. The best part is, the CRR is totally unbiased. They are academics looking at …