There is a new law affecting the delivery of investment advice that is currently being phased into the regulatory mosaic of the financial services industry by the Department of Labor. The new law is known as the Fiduciary Rule. The goal of the new Fiduciary Rule is to prevent, minimize and disclose conflicts of interest when representatives provide investment advice on retirement assets. Acting as a fiduciary sometimes means advising clients not to take action like investi

There has been a battle going on in Washington about how investment advice pertaining to your retirement savings will be delivered going forward. For those who don’t know about the upcoming changes – known as the Fiduciary Rule - you need to educate yourself so that you understand the kind of advice you are receiving. I don’t think most people want to be told they are getting unbiased advice when conflicts of interest exist. Let me explain: In the financial advice busines

One of the most common questions I get from people entering the retirement phase of life is, ‘when should I take my social security benefit?’ That’s because the timing of when one decides to take social security benefits is one of the major factors determining how much income people will receive over which they actually have some control. Basically, waiting will increase the amount of income that will be received and taking the income early will decrease the amount of incom