Is your financial adviser really a broker? For years, many who call themselves financial advisers have been people who sell financial products and have a vested interest in selling you certain ones. But the rules have changed, as Julie Jason reports for Forbes. What would happen to your investments if you became incapacitated? As Baby Boomers become older this has emerged as a growing concern. Michael Kitces offers three ways to protect yourself and your family. Drawing Social Security at the wrong age can prove costly. It helps to know the milestones for action for both Social Security and Medicare, provided by John Kador for Wealth Management.
Is Your Financial Adviser A Financial ‘Adviser?’ Should You Care? — When people talk about their financial advisers in the future, they may need to use a different title. The U.S. Securities and Exchange Commission (SEC) issued new regulations on June 5, 2019, to “Enhance and Clarify the Obligations Financial Professionals Owe to our Main Street Investors.” Under the new rules, your financial adviser may no longer be an “adviser.” Read more…
Options For Allowing Family Members To Help Manage Accounts In The Event Of Diminished (or In)Capacity — Planning for incapacity is one of the most important aspects of a sound financial plan, and one that is taking on increased importance as the Baby Boomer generation continues to age in record numbers. But while medicine has not yet reached the point where it can prevent (or reverse) all cognitive and physical impairments, there are a number of tools that can be used to ensure one’s finances continue to be managed effectively. Read more…
Medicare and Social Security Milestones — The rules for enrollment in Medicare and accepting Social Security are complex. There are lifetime penalties for getting it wrong. John Kador describes the milestones clients need to remember. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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