There are two ways to tell if your advisor puts your financial interests first. Pam Kreuger tells investors two questions to ask before committing to a financial advisor. Do you have a MySocialSecurity account? According to Bob Niedt of Kiplinger, it can save you a lot of time and protect you from fraud. This is no time to lose your optimism. That’s the belief of top investor Warren Buffet, CEO of Berkshire Hathaway. Other experts like Ray Dalio are far more cautious, as Sam Becker writes for Grow.
If A Financial Advisor Can’t Say, “Yes,” To These Revealing Questions, Save Your Money For One Who Can — Until recently, it was relatively easy to distinguish between the two main categories of financial advisers. Fee-only investment advisers and financial planners are paid directly by you and work only for you. They’re legally required to always act in your best interests — known as the fiduciary standard. But the way some advisors present themselves has changed. Here are two questions to ask now to make sure your advisor is putting your financial interests first. Read more…
14 Social Security Tasks You Can Do Online — In pre-internet days, you had no choice but to physically go to a Social Security office for many tasks. These days, you can manage your own Social Security profile and execute many critical moves yourself online. Read more…
Warren Buffett, Howard Marks, Ray Dalio: What Top Investors Are Saying About The Stock Market –The coronavirus pandemic has short-circuited the markets for the past several months, causing both huge crashes and monster rallies. For some guidance, here’s what Warren Buffett and other notable and successful investors have said about the current state of the markets–and how they think investors should prepare for the remainder of 2020. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller