FVIM's Insights

News and information about preserving your life savings

5 Questions for Your Financial Advisor

With our last post ( How to Avoid "Indecision Prison" With Your Retirement Investments ) we discussed "indecision prison" and consequences investors encounter with their retirement savings. Many face a similar dilemma when deciding which advisor should manage their retirement resources. You may find yourself in the middle of this dilemma right now....
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Thankful Thinking

Just as it's best to engage in year-round tax planning instead of waiting for April Fool's Day, we'd probably all be better off if we maintained a continuous "attitude of gratitude." Still, it doesn't hurt to have at least one day of the year officially dedicated to being thankful, to remind us of what we should be practicing all the time. Better l...
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916 Hits

Fiduciary Musings

It’s about time our regulatory agencies started taking my advice. For years, I’ve been beating a steady drumbeat about why investors should insist on fiduciary standards of care from their financial advisors, so I was heartened by the recent Department of Labor (DOL) fiduciary rule , which has at least pounded a few more nails into the coffin of conflicted advice. Could it be that Labor Secretary Thomas Perez has been reading my blog? Okay, probably not, but it makes for a nice musing. With the DOL ruling, anyone offering you advice about your retirement assets should be doing so...
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Financial Fee Transparency: See No Evil

Every April 15 when I write that painful check to the IRS, I console myself with the reminder that having tax-generating income is certainly better than not owing anything at all. Assuming I don't incur underpayment penalties, it's also better than having had the amount surreptitiously extracted from a paycheck; I've gotten to put that money to use for me and my family for as long as possible. Still, writing that obvious check hurts, every time. This year, I realized that transparent investment costs are like that too. Investors should significantly prefer fees and costs they can clearly see instead...
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