Here we explain what the IRA Aggregation Rule is and how it impacts investors.
Date: February, 2016
I’ve been commenting recently about the Financial Service Industry’s fight against the fiduciary standard. Many of you know that I consider this to be one of the biggest and most important issues facing investors. I want to address the arguments the industry is spinning to try to derail the fiduciary standard.
This week Nick Pagano discusses the Client / Advisor relationship, and how continuous service is better than a short term relationship in times of financial need.
Last week we found articles on the tax free treatment of roth distributions, Jaime Dimon's lazy morning routine, Citibank's mishandling of collections, stupid emails and Robinhood. Check out what we're reading.
This week we look at mutual fund fire sales, should Google buy AIG, and Matin Shkreli. Here's what we're reading this week.
More propaganda from the financial media aimed at vilifying the uniform fiduciary standard. Note how they slip their comments in at the end of the article...
This week Nick Pagano elaborates about an interesting conversation he heard that unfortunately happens all too frequently.
Building wealth requires basic blocking and tackling: set goals, spend less than you make, save money, and protect against risk. It also helps to avoid making simple mistakes. Everyone makes mistakes with money, especially the very young. I don’t mean like when my 5 year old eats dimes. Besides, he’s done it so many times I have to believe it’s intentional at this point. I mean people in their 30’s. Fortunately, these folk have time on their side. It’s not too late for them correct small mistakes. So what do we see these people doing?
We saw articles on JC Penny sales prices,Vanguard's tax lawsuit, and President Obama's 11th hour attempt to change tax code. Check out what we're reading this week.
This week Nick Pagano talks about the Movie "The Big Short" and what it means to the retail investor.