After heated opposition and a two-month delay, the Department of Labor’s Fiduciary Rule became effective June 9, 2017 (with certain documentation requirements applicable on January 1, 2018). This law pertains to any professional who makes investment-related recommendations on employee benefit plans and IRA retirement assets pursuant to an agreement. Legislators hope to educate the public…
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The second quarter saw financial markets deliver further gains, which was a continuation of the animal spirits that were unleashed in the wake of the U.S. election. Both stocks and bonds rose during the quarter with the S&P 500 making its latest record high in mid-June. Outside of the U.S., international stocks have picked up…
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A sound investment plan begins by determining your objectives while understanding any limitations or constraints that may exist. While most objectives are long-term, a plan must be designed to persevere through changing market environments and be able to adjust for unseen events along the way. If you have multiple goals then each of these goals…
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The numbers are staggering: Baby boomers are turning 65 at a rate of about 10,000 a day. According to the PWC Employee Financial Wellness Survey, roughly half of all baby boomers have saved $100,000 or less. For this generation, retirement may last 30 years or more and and will be expensive. Basic living expenses such…
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The first quarter picked up where the fourth quarter left off, with equity markets celebrating the surprise of a new U.S. administration that global investors perceived to be more business friendly than the previous one. During the quarter, stocks rallied around the world and along with a pullback in the U.S. dollar and signs that…
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Many people dream of receiving a sudden financial windfall. Wouldn’t it be great to win the lottery or get an unexpected inheritance? But when someone you love dies and leaves you with a large amount of money, the experience is usually much different than expected—especially if the loved one is your spouse.
We are pleased to present a recording of “Roadmaps and Hangovers,” our 2017 Inside the Investment Committee event, which gave attendees an inside look at the thoughts, views, and strategies of our investment team.
Securing a Health Care Plan in retirement can be a challenge if you retire before age 65 and are Medicare eligible. If you are under 65, there are typically two options available. First, you can continue on your employer’s health insurance (assuming you had an employer who offered health care) for up to 18 months.…
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2016 began with a thud and ended with a bang. After one of the worst-ever starts to a year, U.S. stocks managed to rebound and ultimately finish the year with solid gains. Much of the rise came in the final few weeks of the year, following the surprising results of the U.S. presidential election. Indeed,…
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Now that we’ve started the new year, this is a great time to take a fresh look at your financial picture and update things that may be stale or outdated. To help you do that, here are eight ways to improve your financial health in 2017.
