Smart investing is not very difficult. It is in the interest of the securities industry to convince you otherwise so you will use its services. I have distilled intelligent investing and financial planning down to these ten golden rules. They are easy to understand and…
6 Biggest Estate-Planning Mistakes You Can Make You have worked hard all your life. You love your heirs and want to provide for them after your death. You have good intentions. Yet most Americans make critical mistakes in their estate planning that eviscerate their wealth…
Financial advice is unique. Most of it is dead wrong. The advice given by brokers (or “financial consultants,” as they like to be called) frequently has nothing at all to support it. If you ask most financial advisers about cash value life insurance, this is…
The recession and market turbulence have made the dire financial situation facing some baby boomers much worse. Few were prepared for retirement before the financial crisis. Most are hopelessly behind in their retirement savings. Consider these statistics: By some estimates, almost 10 percent of retirees…
Bonds confuse most investors. The securities industry likes it that way. The more you believe investing is just too complex to figure out on your own, the likelier it is that you will need the services of a “financial consultant.” Going down that road is…
You have no doubt been reading a lot about the volatility index lately. Before I tell you why I believe it is irrelevant, let me first tell you what it is. The Chicago Board Options Exchange established a volatility index (VIX). The VIX is not…