Advisors

David Paul Morris | Bloomberg | Getty Images Most individual investors — 67% — think they have a responsibility to put money toward companies that have a positive impact on the world, new research shows. That doesn’t mean they are necessarily acting on the sentiment. While more than half (51%) of retail investors avoid investing

Getty Images As inflation pushes prices on everything from food to gasoline higher, your emergency cash could be in danger of losing value. Persistently low interest rates likely will not keep pace with surging costs. Rapid inflation may continue for several months, Treasury Secretary Janet Yellen said in a recent interview, while other experts see

Cavan Images | Cavan | Getty Images Covid-19 prompted many women to leave the workforce. That’s because many women were forced to choose between working and taking care of their children and families amid a pandemic often opted for the latter. The difference in earnings and career prospects can be seen immediately. And it could

Image source: Eric Audras | ONOKY | Getty Images There appears to be a lack of understanding among investors about some of the fees they pay. Nearly half (47%) of investors mistakenly think the cost of investments like mutual funds and exchange traded funds generally are included in the fee they pay to their advisor

MoMo Productions | DigitalVision | Getty Images For some retirees, getting a large pension payment can become a big problem. Let’s say a pension plan mistakenly has been paying a participant too much and requires the person to pay back the money, typically through reduced future payments. That can cause many a retiree a lot

In this article COIN Dado Ruvic | Reuters As older Americans worry about the size of their nest eggs, some may eye riskier assets, such as cryptocurrency, to cover their shortfall with the possibility of higher returns. “It’s a tough predicament, and I think a lot of people will find themselves in that space,” said

Getty Images As the market soars and more older workers retire, those sitting on appreciated employer stock in their 401(k) plans may have an opportunity to pay lower taxes on part of that growth. The strategy, known as net unrealized appreciation, or NUA, allows someone to lock in lower capital gains rates rather than paying

andresr/Getty Images As demand surges for sustainable funds, it may be difficult for some consumers to identify what to add to their portfolios.  Securities and Exchange Commission Chairman Gary Gensler shifted his focus to environmental, social and governance investing, known as ESG, in a recent statement. His team will explore climate- and workplace-related metrics, along

Virojt Changyencham | Moment | Getty Images Stocks took a steep dive on Monday amid fears that the coronavirus pandemic will be hard to pull out of. The Dow Jones Industrial Average shed more than 700 points by mid-day. The S&P 500 is down 1.9%, and the Nasdaq Composite has lost 1.6%. Despite the uncertain

Whether transitory or not, inflation has investors rattled. “Many clients have brought up inflation as a concern,” said Jimmy Lee, the CEO of Wealth Consulting Group in Las Vegas. “They’re hearing it all over the place.” Inflation last month accelerated at its fastest pace in 13 years. The consumer price index rose nearly 1% in June,

Scott Olson | Getty Images Inflation surged more in June than it has in more than 10 years, and the news has investors worried. That’s because rising prices can erode a portfolio’s profit. Most simply, as the cost of living swells, your returns don’t go as far. That’s a particularly tough challenge for retirees, who

Pascal Broze | ONOKY | Getty Images Rising inflation has startled many retirees, who now worry about outliving their savings. The consumer price index for June, measuring the cost of food, gasoline, housing, utilities and other goods, increased by 0.9%, the largest one-month change since June 2008, according to the Labor Department. Although Federal Reserve

Rolf Bruderer | Tetra images | Getty Images The greatest wealth transfer in history is underway, and taxes may take a bite from inheritances without proper estate planning, financial advisors say. It’s estimated that nearly 45 million U.S. households will transfer more than $68 trillion over the next 25 years, according to Cerulli Associates. Baby

In this article MS Thomas Barwick When it comes to gender or racial diversity, the wealth management industry falls woefully short. Just about 23% of certified financial planners were female as of 2020, while less than 4% were Black or Latino, according to the CFP Board, which certifies planners. Executives from Morgan Stanley and Northwestern

Hero Images | Getty Images Many investors already know about the tax benefits of municipal bonds — also known as muni bonds or “munis.” Now these assets have also become popular among those who want to have an impact on climate and social change. In addition to tax savings and relatively low risk, muni bonds

boonchai wedmakawand | Moment | Getty Images While it’s not guaranteed that taxes are going up for wealthy Americans, it does look likely. To help fund the American Families Plan, the Biden Administration has proposed increasing capital gains taxes to 43.4%, including the net investment income surtax of 3.8%, from 23.8% for those who are

Ariel Skelley | DigitalVision | Getty Many consider 529 college savings plans to be for education, but these accounts also offer a flexible way to transfer wealth.  There’s currently an estate tax exemption of $11.7 million per person. Although President Joe Biden campaigned on slashing the write-off to $3.5 million, it hasn’t been part of

Thomas M. Barwick | Getty Images As investors become more interested in cryptocurrencies, financial advisors are feeling a new urgency to offer the investments to clients. About 49% of advisors said clients have asked about cryptocurrencies in the past six months, up from 17% in 2020, according to the Financial Planning Association and the Journal

Kelvin Murray | Getty Images It’s no secret that the Covid-19 pandemic has hurt workers of all ages. Yet when it comes to older workers — those ages 50 to 62 and up — some may have fared worse than they did during the Great Recession, according to recent research from the Center for Retirement

urbazon | E+ | Getty Images It’s one of those debates that rarely seems to have a clear-cut winner: Should retirees pay off their mortgage or continue making those monthly payments? The answer — probably somewhat annoyingly — is that it depends. Of course, there are a couple of immediate benefits to paying off a