It’s been almost four years since the Department of Labor (DOL) proposed a rule that would enforce a fiduciary duty on financial advisors who work with retirement accounts.
But little progress has been made towards imposing such a standard, thanks to continued protests from the financial industry. The most recent—and...
It’s been nearly a month since President Obama made a strong push for fiduciary responsibility on Wall Street, explaining that biased financial advice robs everyday Americans of billions of dollars each year.
Since that time, politicians and financial advisors alike have weighed in on the issue. But on Tuesday, perhaps...
Cause and effect—it’s one of the first things we learn as children. But few people truly understand its meaning, which can become the source of all kinds of trouble.
The economy is a perfect example. Just because the stock market keeps reaching or approaching all-time highs does not mean the...
Last week, the Department of Labor succumbed to pressure from the financial industry and Congress by extending the comment period on a proposal to impose a fiduciary duty on brokers working with retirement accounts.
Despite the 15-day extension agreed upon by Labor Secretary Thomas Perez, many Wall Street figures remain...
The rule of thumb holds that Americans need to maintain 70% of their pre-retirement income after they stop working. If that’s true, then the retirement crisis is even worse than we thought—and it’s worst in the Northeast, the most populous area in the country.
A recent study from Interest.com found...
Last week, stocks closed at all-time highs after the Bank of Japan announced surprising stimulus measures. This week, the fallout from that decision continued.
On Monday, the Japanese yen fell to a seven-year low of 114.2 against the U.S. dollar. In other words, $1 dollar U.S. is worth 113 Japanese...
One of the cardinal rules mutual fund investors follow is the avoidance of ‘load’ fees—essentially, the sales charge associated with joining a fund. Unfortunately, that leads these investors into perhaps a bigger mistake.
That’s because they’re overlooking two more fees funds assess. One is covered in the prospectus, but the...
Threats continue to be exchanged among world powers over the future of Ukraine. The United States and the European Union (EU) have promised to collapse Russia’s economy if it continues to meddle in Ukraine’s affairs. Russia has responded with promises of its own, even going as far as to...
