To Be or Not to Be – a Fiduciary?

Key Takeaways

  • The recent delay on the fiduciary rule has caused a lot of questions as to why this ruling matters.
  • Brokers and Registered Investment Advisors are different when it comes to retirement funds in that Brokers do not fall under the fiduciary rule, and Registered Investment Advisors do.
  • It’s important to know the difference between the two when you are picking an investment advisor, so please contact us if you have any questions.

Not Your Father’s Reverse Mortgage

Last year I was meeting with a baby boomer client couple in the suburbs of Chicago. They were in their early 60s, and we were discussing “What’s Next?” for them as they transition from vocation to avocation (aka semi-retirement yet engaged in life). They mentioned they might like to relocate to the Carolinas, where the cost of living is lower, the climate’s better, and to be closer to family. I advised them to establish a standby expanding line of credit which is a Home Equity Conversion Mortgage (HECM).  This could give them tax free cash on their home equity in the event they found a property in the Carolinas sooner than later and needed to act fast to seize the opportunity.  

5 Stock Market Truths

Key Takeaways

  • There are many misconceptions when it comes to the stock market and what we believe to be true about how to successfully invest in it.
  • There are five main truths to keep in mind when thinking about the stock market.
  • If you are not certain how your portfolio stacks up to these truths and you want to check, contact us for a complimentary assessment.

Are Millennials Lazy, Entitled, and Unloyal?

Bridge the gap of understanding between yourself and Millennials

Key Takeaways

  • Like every generation, Millennials have collectively experienced events that have helped form who they are; 9/11, the advent of the internet, economic downturns and massive student debt have helped shape this generation.
  • Some characteristics of Millennials that are often attributed to laziness or entitlement are due to a lack of built-up wealth from outside circumstances.
  • We need to change the conversation in terms of working with the Millennial generation as they are the future workforce leaders and recipients of our assets and they do work hard; they just do so in a different way.