ThinkAdvisor
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These knowledge gaps can lead to clients making ill-informed decisions about an important source of retirement funding.
Roger Wohlner
Verified
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Financial writer for financial advisors, investment managers and financial sites. Veteran financial advisor. Based in Chicago's NW Suburbs. Packer fan.
Roger Wohlner’s Journalist Portfolio
View as a gridStocks vs. Options: Discover Which May Work Best For You | MagnifyMoney
magnifymoney.com
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Most investors are familiar with stocks and the stock market. Popular stock benchmarks like the Dow Jones Industrial Average and S&P 500 are widely quoted in the news. The health of the stock market is often equated with the health of the economy.
What to Consider Before You Exercise Employee Stock Options | MagnifyMoney
magnifymoney.com
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Congratulations if you were recently granted stock options by your employer that are tied to the company's stock. Options can be a lucrative part of your compensation, and you should look to take advantage of this financial opportunity.
The Freelance Writer's Guide to Taxes - ClearVoice
clearvoice.com
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There's a lot to be envied about the freelance lifestyle... but doing your own taxes isn't one of them. We have all the top tips and things to keep in mind when filing your own taxes as a freelancer. The deadline for filing your 2016 tax return is April 18, 2017 (you can thank Emancipation Day for the three extra days).
Morningstar Magazine - February/March 2017
nxtbook.com
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Digital Edition
Accounting and Record-Keeping Issues for Freelance Writers - ClearVoice
clearvoice.com
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How do you track your freelance income and expenses? It's not just something to think about at tax time, but all year long. Get tips on staying organized. Freelance writers write for many reasons, many of them have to do with their love of writing and their respect for the power of the written word.
Weighing the Pros of Stock Buybacks vs. the Cons
Investopedia
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Apple Inc. ( AAPL), with its hoard of cash, has been repurchasing shares of its stock as a means of trying to boost its share price and provide shareholder value. This may also be seen as a sign by some that the tech giant views the potential return on its own stock as a better investment for this money than reinvesting back into the business.
Best Income Investing Strategies for Retirees
Investopedia
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One of the most important things retirees look for are ways to fund their desired retirement lifestyle while not outliving their money. With life expectancies increasing, that is becoming even more critical. The best approach to saving for retirement involves looking at several strategies.
The Importance of Business Planning for Freelance Writers - ClearVoice
clearvoice.com
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How seriously do you take your freelance writing? Have you thought of yourself as a business? If so, get up to speed on developing a business plan. The words "business plan" probably evoke thoughts of a large company and a multi-phased, time-sucking process. In some cases, those thoughts are not too far off of the mark.
The Fiduciary Rule and Its Impact on Mutual Funds
Investopedia
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Broker Edward Jones made headlines last year with the announcement of the firm's decision to stop offering mutual funds and ETFs in IRA's and other retirement accounts that charge investors a commission. The firm said this move is needed in order to adhere to the compliance restrictions imposed by the new DOL Fiduciary Rule that saw it's first implementation take place in June 2017.
15 Boring Investments That Are Surprisingly Profitable | GOBankingRates
GOBankingRates
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Investors can buy any number of sexy and exciting stocks, like Apple, Snap and Facebook. These are dynamic, growing companies. Apple certainly has made its longtime shareholders a nice profit over the years. Exciting stocks are inherently more risky, however. Stocks one person would consider "boring" another would consider "reliable," and boring stocks can still be profitable investments.
The Freelance Writer's Guide to Taxes - ClearVoice
clearvoice.com
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There's a lot to be envied about the freelance lifestyle... but doing your own taxes isn't one of them. We have all the top tips and things to keep in mind when filing your own taxes as a freelancer. The deadline for filing your 2016 tax return is April 18, 2017 (you can thank Emancipation Day for the three extra days).
10 Signs Your Kids Will Wind Up Supporting You in Retirement
Money
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If you don't plan right for retirement, your kids may have to take care of you.
Top 7 Characteristics of the Best Mutual Funds | GOBankingRates
GOBankingRates
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Before you invest in a mutual fund, you need to know more about it than simply whether it appeared on a best mutual funds list. Although some of the funds that make these lists are undoubtedly good, using them as the sole basis to pick the mutual funds that you will invest in is a mistake. Many best-of lists feature the top-performing funds over a short or specified period of time. In order to find mutual funds that have a chance to be top performers over the long run, you need to dig a bit deeper.
Understanding Budgeting vs. Forecasting | QuickBooks
quickbooks.intuit.com
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Budgeting and forecasting are two of the most important financial functions for a business of any size. Budgeting and forecasting are often linked together, as they should be, but they're not the same. Here's a guide to help you determine the differences between the two and how each can help your business. A budget is a detailed financial outline of what the business thinks will happen over a period of time (often a year) financially. The budget will include details about the company's revenues, expenses, cash flow and financial position. This information should be available from your company's financial reports.
How to Advise Clients During a Market Correction | Investopedia
investopedia.com
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Nobody likes to see the value of their investments decline, but markets do decline. What is unnerving about the current drop in stock prices is that it has occurred in the first half of January and that it has been swift, sudden and a bit unexpected. Much of the decline is due to problems with China's stock market and the falling price of oil. The markets will do what they will do and there's not much investors or financial advisors can do about it. However, many clients may be feeling nervous or uneasy and as their financial advisor you can really help them keep their emotions in check and look at the bigger picture.
Advisors: What 2016's Start Can Teach Your Clients | Investopedia
investopedia.com
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So far, the stock market in 2016 was off to its worst start to a new year in history. There has been a confluence of factors to blame, most notably the rapid decline in the price of oil and the woes of China's stock market. Even many long-time clients of financial advisors are feeling a bit nervous. Is this the start to another year like 2008? Will I lose all of the money that I've gained by taking your advice over the rally of the last six plus years? As a financial advisor your inclination, which is probably the right one, is to tell clients to stay the course.
The 2015 Tax Extender Bill: Impact on Financial Advisory Clients | Investopedia
investopedia.com
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In late 2015 Congress passed a tax extender bill that made a number of measures that were previously temporary permanent. These provisions would expire periodically until Congress renewed them every few years, often quite late in the year. This created uncertainty and made financial planning for clients a bit more difficult. The bill, formally called the Protecting Americans from Tax Hikes Act of 2015, or PATH, was passed by both the House and the Senate and signed into law by President Obama. With some of these measures now permanently written into the law, financial advisors have a bit more clarity on these aspects of the tax code and can better advise their clients year-to-year.
5 Reasons 401(k) Lawsuits Matter to You
thechicagofinancialplanner.com
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Several 401(k) lawsuits against major employers have been in the news this year. These suits are about high fees, conflicts of interest and plan sponsors failing to live up to their fiduciary obligations. Ameriprise Financial settled a suit that alleged that the firm offered a number of its own proprietary mutual funds in the company's 401(k) plan and collected revenue sharing payments on these funds from an Ameriprise subsidiary. The U.S. Supreme Court ruled in Tibble vs. Edison International that the large utility company had a duty to monitor the investments offered in the plan no matter how long along they were initially added to the plan.
5 Assets That Can Poison Your 401k Fund | GOBankingRates
GOBankingRates
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Saving for retirement is tough enough. Besides the need to actually defer the money from each check into your 401k plan, you basically are left to your own devices to choose the best investments for your situation. It is important to avoid investment decisions that can hinder your chances of accumulating a sufficient retirement nest egg. Misusing the following assets might poison your 401k plan. Related: The Best Investment Advice From Buffett and 11 Other Investors By cash I mean a money market fund or a stable value fund. Many money market funds currently pay interest rates as low as 0.01 percent.
8 Things Not to Do in Retirement | GOBankingRates
GOBankingRates
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Retirement is a huge adjustment for most people, mentally and socially. Your day-to-day routine changes without a job to report to, and you and your spouse have to learn to adapt to being around each other full time. Your financial strategy also must shift when you leave work, or there can be huge consequences for your nest egg and standard of living. Here are eight retirement mistakes you should avoid making: According to certified financial planner Eric McClain of McClain Lovejoy, "Don't start Social Security as soon as you are eligible. It may make sense to delay, perhaps even draw on your other assets first."
Life Insurance as a Retirement Savings Vehicle - A Good Idea?
thechicagofinancialplanner.com
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One of the benefits of being a member of NAPFA (the largest professional organization of fee-only financial advisors in the country) is the ability to tap into the collective knowledge of my fellow members. I recently saw a question posted by a fellow member in the daily email forum for questions and other information that we all receive. The question was: I have a 38-yr old dentist client who forwarded me an email from his insurance agent trying to sell him a universal life insurance policy for retirement income purposes.