Save on Investment Expenses and Losses: Fire Your Financial Planner

If you read a lot of the right things about investing, you will be regularly admonished to minimize your investment expenses.  This includes choosing mutual funds with low expense ratios and finding ways to trade with little or no transaction costs.  In markets where gains are hard to find (like today), controlling these costs is even more important.

Depending on how you interpet and react to survey data, it seems we should add ”firing the financial advisor” to the list of investment cost cutting moves. Read more

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A New Era Dawns in the Need for Personal Financial Planning 

As the chaotic behavior in the markets subsides, and with increased regulation of financial services on the horizon, a new era in retirement planning and financial planning will likely set in.  Tax rates will have to sharply increase to pay for recent government rescues and bailouts.  Baby boomers and others seeking to accumulate and preserve wealth will adjust their financial goals  and reconsider their present and future money strategies and tactics to achieve those goals. Read more

Your 401(k) Plan – New Rules for Getting Investment Advice

Most 401(k) Participants Need Advice on Selection of Investments

If you have received advice or are considering getting advice from a financial planner or adviser about in your 401(k) plan, there are some important rules on the horizon that Mr. ToughMoneyLove suggests that you consider. Read more