The Five Questions to Ask a Financial Adviser

This week’s AAII Weekly Digest highlights these “must-read” AAII articles:   Seven Steps to Protect Against Cognitive Aging One of the first signs of cognitive aging is problems managing one’s own finances. Even in the absence of disease, it can become progressively more difficult to balance a checkbook, properly review a credit card statement or…

 

Helpful Steps My Late Father-in-Law Took

Special note: This commentary originally ran in March 2017. I received more feedback about it than any other Investor Update column I’ve written over the past eight years. Since many of you found it helpful and I’m out of the office this week, I decided to republish it. My father-in-law passed last week. Les was…

 

The Art of Creating an Investment Policy Statement

This week’s AAII Weekly Digest highlights these “must-read” AAII articles:   The Art of Creating an Investment Policy Statement To build the nest egg you will need for retirement requires discipline and patience. You must treat your personal income and expenses like a business. Typically, this involves having a financial plan that incorporates short-, mid-…

 

For Long-Term Investors, the Focus Should Be on Risk

This week’s AAII Weekly Digest highlights these “must-read” AAII articles:   Using Reverse Mortgages to Mitigate Periods of Poor Returns A home equity conversion mortgage (HECM) line of credit, aka a reverse mortgage, provides a tool that can be used to mitigate the impacts of sequence of returns risk (the risk of incurring portfolio losses…

 

What to Do When You Haven’t Saved Enough for Retirement

This week’s AAII Weekly Digest highlights these “must-read” AAII articles:   The Art of Creating an Investment Policy Statement The approach to building your nest egg should be process-driven. You should document the process you will follow in a written plan, an “investment policy statement” (IPS), that incorporates your short-, mid- and long-term financial goals….

 

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…