AAII Survey: Readers Offer Opinions on Financial Advisers

The mission of AAII is to help individual investors become better managers of their own assets. Taken to the extreme, that would mean they manage all of their assets themselves without using a financial adviser. However, we know that many AAII members still use financial advisers to help keep things organized and for the piece…

 

Steps to Take Now for When It’s Time to Transfer Financial Decision-Making

This week’s AAII Weekly Digest highlights these “must-read” AAII articles:   Creating and Following a Real Financial Plan Understanding why money is important can create a framework for making better financial decisions in the future. Carl Richards, a certified financial planner, director of investor education for the BAM Alliance, and creator of the Sketch Guy…

 

How to Check Out a Financial Advisor

Editor’s Note: Portions of this article were excerpted with permission of the publisher, John Wiley & Sons (www.wiley.com), from “Getting Started in Finding a Financial Advisor,” by Chuck Jaffe. Copyright 2010 by Chuck Jaffe. You would think figuring out who to turn to when you need financial help would be as simple as telling yourself,…

 

Guidelines for Choosing a Financial Adviser

This week’s AAII Weekly Digest highlights these “must-read” AAII articles:   The Tax Advantages of Qualified Charitable Distributions From IRAs The U.S. tax code allows someone who is already at least age 70½—not someone who will turn 70½ later this year—to directly transfer up to $100,000 of funds from their traditional individual retirement account (IRA)…

 

Why Your Financial Adviser Should Be a Fiduciary

Many do-it-yourself investors may wonder if this article is relevant to their situation. But think about your life during retirement and your interest may change. As we age, it’s common for even do-it-yourself investors to seek the services of a financial adviser, especially in our later years. Given that you may eventually engage a financial…