How to Make Your Financial Dreams a Reality

Celebrating Black History Month is a tremendous opportunity to acknowledge our past achievements, address present challenges and dream about future possibilities. The legacy of Dr. Martin Luther King Jr. inspires us to dream about a future that affords us to live in comfort and prosperity. He encourages us to build a legacy of hope and freedom that can be realized in every aspect of our lives. It is in that spirit that we encourage you to evaluate your dream of …

Uncle Sam Bolsters Support of State-Sponsored Retirement Plans

The U.S. Department of Labor is paving the way for states to sponsor retirement plans for millions of private-sector workers who don’t have such programs on the job. About 68 million U.S. workers don’t have access to a 401(k) or similar workplace account, according to the Labor Department, even though studies show that employees are more likely to save for retirement if their employer offers a savings plan. More than half of the 50 states are either developing retirement savings …

Cutting Through Financial Jargon

Ever hear something like this and scratch your head wondering what it means? Our exclusive quantitative modeling system using proprietary algorithms will optimize your portfolio for minimum volatility with maximum alpha exceeding the efficient frontier. Sure, those big words definitely sound impressive, but what do they truly reveal about the person or firm saying them? Are they indicative of an expertise that would benefit investors, or just financial word salad meant to both dazzle and intimidate them into believing that …

Building Financial Resilience for the Future

Hispanic Heritage Month is a great time not only to recognize and celebrate the contributions of Hispanics and Latino Americans, but also to reevaluate what it will take to prepare for financial resilience in the future. It’s an opportunity for individuals, families and communities to develop actionable strategies to achieve financial freedom. Don’t spend your hard-earned cash on these 10 money-wasters » Develop goals and assess finances Today is the first day of the rest of your financial future. One of the first things …

Labor Department Proposes Rule to Save Retirees Billions

Financial advisers would have to adhere to more stringent standards when giving advice on 401(k) plans, IRAs and other retirement accounts under a rule proposed Tuesday by the U.S. Department of Labor. The proposed rule would protect people saving for retirement from being steered into accounts with high fees and commissions that benefit the adviser at the expense of the saver. It would force financial professionals to act in the best interest of their clients — a move that advocates say would …

Why You Should Consider a Roth Conversion

Soon we’ll be looking at tax day in the rearview mirror, which is the perfect time to plan for future tax consequences. One strategy that’s especially good for recent retirees is converting part of a traditional IRA to a Roth IRA. First, a little background. Generally speaking, when you contribute to a traditional IRA, you get a tax break immediately but your money is taxed as ordinary income when you take it out later to live on. A Roth is …