Among married couples who disagree about finances, which age group seems to bicker the most? According to this article on the Kiplinger financial website, the answer is baby boomers – and the reason seems to involve disagreements about retirement. The recent article is called “Older Couples Face Money Battles.” It cites two studies, one by … Read more
A 2012 study by Cerulli Associates found that 60 percent of investors either did not know how their advisors got paid or thought that the service they offered was free. In fact, there are at least six ways a financial advisor will charge you fees. They are: As a percentage of your account’s value. One … Read more
An article by Mary Beth Franklin at Investment News asks, “Is age 70 the new 65 for retirement?” Franklin is asking that question in regards to Social Security benefits because of a research study by the Center for Retirement Research at Boston College. That study compared the retirement age of 65 in 1940 with retirement today.
Thousands of financial advisors market themselves as trained to provide investment advice to seniors, using authoritative-sounding titles like “certified senior advisor” or “certified retirement counselor.” But often these designations are nothing more than what are called “weekend” designations, obtained by attending a hotel seminar, and some don’t even require a high school or college diploma. … Read more
By Money Manager Tom Cock “I know that you believe you understand what you think I said, but I’m not sure you realize that what you heard is not what I meant.” -Robert McCloskey You’ve probably never heard of Robert McCloskey, neither had I. When I first saw this quote, I guessed that the words … Read more