Advisors

Thanks to the internet, it’s easy to spend money these days. Retailers offer us endless ways to automate our purchasing. They show us products we’ve looked at, and they offer one-click purchasing and send emails reminding us that we’ve left something behind in a cart. Fortunately, we can turn the tables. We can use that
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2. What should I do with distributions? Generally, distributed money is subject to income taxes and a 10 percent early withdrawal penalty if you’re under 59½ years old (except in certain circumstances). If you want the money before you reach 59½, you’ll pay 20 percent to 40 percent in taxes and penalties. Federal rules require
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You usually have the choice of receiving payments for the rest of your life (a single-life annuity) or selecting from a variety of survivor options (joint and survivor annuity) that allow for your beneficiary to continue receiving payments after your death. If you choose payments for your life only, your monthly income will be higher.
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If you’ve managed to pull together a strategy for your personal finances, odds are it’s not the right one for you. That’s because many financial plans fail to consider the unique characteristics of an investor’s life, including his or her biases and the fluidity of investing goals, said Joe Duran, founder and CEO of United
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Jack Guez | AFP | Getty Images Bitcoin is a borderless digital currency that eliminates the need for a bank. Therefore, understanding this concept hinges on conceiving financial transactions without banks. Perhaps less surprising is that predictions of bitcoin’s demise fail to account for technological factors. Bitcoin is, after all, technology, but you don’t have
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If you’re looking for a sector that’s poised to grow, think technology. Certified financial planner Ted Jenkin, CEO of oXYGen Financial, predicts there will be strong growth in this area in the next five to 10 years. And there are three areas within this sector that could see the biggest boost. 1. Artificial intelligence. The
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You should read your anxiety about money as a call to action, says certified financial planner Douglas Boneparth. “Money tends to be an emotional area of people’s lives, so it’s no surprise that they think about this quite frequently,” said Boneparth, president of Bone Fide Wealth. “There are a number of ways to deal with
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First, let’s be clear: The current bull hasn’t been running as long as most people think. The popular belief that the current bull started in March 2009 is contradicted by the more than 20 percent dips in many indices that occurred between 2015 and Feb. 11, 2016 — arguably, the actual start of a new
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“With premiums much higher this year, it’s a good time to write options,” said Sterling Neblett, a certified financial planner and founding partner of advisory firm Centurion Wealth. “It can be a good strategy in volatile, choppy markets.” Option-writing strategies range from conservative (covered calls and collars) to extremely risky (naked puts). With the virtually
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1. Overconfidence. Clients affected by this bias often overestimate the confidence level and the accuracy of their own judgment as greater than the objective accuracy of those judgments. In other words, the subjective estimation of our own accuracy and reliability is greater than it objectively is. This bias can result in an investor who has
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