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Maybe your financial "adviser" has been taking advantage of you

“The Securities and Exchange Commission’s program to persuade investment firms to self-report conflicts of interest has led to a settlement under which 79 firms return $125 million in fees to clients. The firms placed clients in share classes with expenses higher than those in other share classes available without disclosing that fact.” (Retirement Security SmartBrief)…

ID theft targets children

The Wall Street Journal (by Yuka Hayashi, 8/29/18) reports that a new federal law going into effect in September 2018 will make it easier for parents to check a child’s name and freeze their credit to combat the growing problem of ID theft of children.“A child’s Social Security number can be used by identity thieves…

The Medicare Debate

Health care is sure to be one of the focal points of the 2020 presidential election. While Trump is proposing substantial cuts to Medicare, Democrats are promoting variations on “Medicare for all” ranging from allowing persons 50 and older to buy into Medicare with annual premiums to more extensive plans to promote universal access to…

Sequence of Returns Risk in Retirement

Many have heard that it is “safe” to spend 4% of one’s nest egg (adjusted for inflation) each year in retirement, expecting funds to last for a 30 year retirement.Michael Kitces explains both the up and down side risk:https://www.kitces.com/blog/url-upside-potential-sequence-of-return-risk-in-retirement-median-final-wealth/There are many reasons for adjusting one’s spending during a lengthy retirement rather than expecting to spend…