I’ve always believed a universal fiduciary standard should exist for anyone who gives advice to others that can affect- and ruin -lives, whether it’s journalists, bankers, stock brokers, teachers or wedding planners. I don’t know why the fiduciary focus is strictly on finances. If you hold yourself out as an expert, you’d better not be […]
Top Three Influencers of Fiduciary Advice Read More »
I don’t think I have to remind you that this post heading is a MYTH. What’s astonishing with the case below is not so much the jaw-dropping audacity of the crook but the carelessness of his victims. Here’s the story, according to an article by Marlene Y. Satter in ThinkAdvisor. (See my Do’s & Don’ts
Annuity Salespeople Are All Honest & Competent Because of Special Licensing Read More »
I don’t think I have to remind you that this post heading is a MYTH. What’s astonishing with the case below is not so much the jaw-dropping audacity of the crook but the carelessness of his victims. Here’s the story, according to an article by Marlene Y. Satter in ThinkAdvisor. (See my Dos & Don’ts
Annuity Salespeople Are All Honest & Competent Because of Special Licensing Read More »
I don’t think I have to remind you that this post heading is a MYTH. What’s astonishing with the case below is not so much the jaw-dropping audacity of the crook but the carelessness of his victims. Here’s the story, according to an article by Marlene Y. Satter in ThinkAdvisor. (See my Dos & Don’ts
Annuity Salespeople Are All Honest & Competent Because of Special Licensing Read More »
Reminder: These Financial Myths Headings are Myths. No. 8-10% is not a reasonable rate of return, even though national investment “superstars” still claim that it is.Here in Oregon, that point has been driven home . . . again, unfortunately, by Aequitas Management. The article that follows is long but instructive. (Thank you Advanced Regulatory Compliance,
8 to 10% Is A Reasonable Expected Rate of Return Read More »
Well of course that’s not true. None of them do, from the FCC to the SEC. But some do a better job than others.FINRA (the Financial Industry Regulatory Authority) seems to do a fair job considering their financial and political constrictions, as you can see below. But out of 637,000+ brokers, they only examined 4500.
Self Regulatory Organizations Always Police Their Industries Well Read More »
Ok, this is NOT a myth. These steps come verbatum from the ever-helpful IRS. RS Security Awareness Tax Tip Number 3, December 7, 2015 Español The theft of your identity, especially personal information such as your name, Social Security number, address and children’s names, can be traumatic and frustrating. In this online era, it’s important
Seven Steps for Making Identity Protection Routine Read More »
The sunny name of the Bipartisan Budget Act of 2015 belies the fact that it unnecessarily guts important provisions that benefit both married and divorced spouses. AARP estimates that only 1/10 of one percent of eligible Americans take advantage of these provisions. But, even if every single eligible beneficiary maximized the use of timing strategies,
Congress Just Helped Save Social Security (not) Read More »
It seems necessary to again remind you that these blog titles are myths, they are not true. This one is especially not true. Which is why I just love this new website:http://www.justice.gov/elderjustice/ If you plug in your zip code, up pops a table of local resources for getting help and turning in crooks and abusers.
Seniors Don’t Need Help With or Protection From Fraud & Abuse Read More »