For most individuals, the benefits of working with a financial advisor are clear. They include better financial outcomes, time savings, and peace of mind knowing that you are working with a trusted professional. But how about the costs? Because costs can be difficult to decipher, we present a primer on the price of advice.
US economic growth and strong corporate results boosted US equities in the third quarter and Federal Reserve interest rate hikes continue to weigh on US bond markets. US-China trade tension and significant Chinese industrial sector weakness have impacted the growth of non-US economies and their equity markets. Europe has experienced the greatest slowdown among developed regions, leading to patchy performance for what was once a global synchronized growth story.
In the US, we embrace the idea that professional service providers are required to act in our best interest. We expect this behavior from our doctors and lawyers who face stiff fines or suspension for failing to abide by professional standards. In the financial services industry, it’s not that clear, and there are two legal standards.
U.S. stock indexes again hit record highs in September but sentiment and economic events led to a mixed set of results for the global markets. The markets have a lot to digest and mixed results seem appropriate considering the multi-level economic crosswinds.
Are you wondering if your current savings will be enough to support your future lifestyle in retirement? Use this ‘multiple of income’ table to gauge your retirement readiness and see if you’re on track.
Pension and wealth accumulation patterns have experienced a seismic shift in the last 30 years. Individuals now own their retirement assets versus the defined benefit pension plan model. Average savers could pass meaningful asset to the next generation. We may be at a generational pivot point where accumulated family wealth can support education, equity building investment opportunities, meaningful philanthropic/charitable campaigns and legacy assets., similar to the goals of a sovereign wealth fund.
It’s always a pleasure to share these pages with like-minded friends. Adam Ferguson of McCarthy Ferguson CPA is a respected accountant and friend. When he accepted our invitation to share his wisdom with our readers we were thrilled! Adam is a details guy, as meticulousness is paramount to the success of any CPA firm. He's done a great job of highlighting the most important things to consider in your business so that you avoid tax time surprises.
August was a hot month for US equities. The buoyant US economy, confident consumers, and balanced testimony from the Federal Reserve, along with some progress regarding trade, helped lift US stocks to new all-time highs. Outside of the US, the markets faced headwinds.
So you’ve done a great job – or perhaps a reasonably good job – at putting money aside to fund your college student’s education. If 529 plans are a tool you use, here are some ideas for smart withdrawal strategies to help you make the most of the money set aside to pay for college.
Selecting and owning individual stocks has lost favor as a way to invest in the best companies in the world. It isn’t trendy and may seem out of date. However, this approach offers benefits that wealthy investors and institutions have enjoyed for decades.