Did you know anyone can call themselves a financial advisor? Or a financial planner, a wealth manager, an investment manager… the list goes on and on. Believe it or not, these titles have no legal or regulatory meaning. They’re not evidence of experience or education. They’re just marketing tools. In fact, you could call yourself a wealth manager right now if you wanted! That’s just one reason why finding a trained, experienced, …
Avoid Massive Investment Mistakes by Using an Investment Policy Statement (IPS)
Decades of hard work and savings can be wiped away with one bad investment decision. Don't believe me? Just ask this guy: If you have any amount of money invested in stocks and bonds (or a home you are tempted to leverage), you need something to protect you from making catastrophic mistakes. That's where an Investment Policy Statement (IPS) comes in. An IPS: Dictates how your money is going to be invested Prevents your …
Your Old 401(k): to Rollover, or Not to Rollover
The average 401(k) charges the participant ~2.2% of their account balance each year, according to SmartAsset. This number is rapidly declining, but even if you cut it in half, it would still be concerning. When you leave a company, you have three options for dealing with your 401(k): Leave the account at your previous employer Transfer it to your new employer Roll it over to an IRA at a trusted custodian Given how much you …
