Revised DOL Fiduciary Rule

Professor Ron Rhoades, my esteemed colleague (he’s esteemed, I’m certainly not) at Garrett Investment Advisors, has written prolifically about the need for a true (Bona Fide) Fiduciary Standard for investment advisers. His efforts and those of many others are starting to move the needle.

Taking Stock

if you are making plans to trim your waistline, you may want to pare your exposure to stocks back to your planned allocation as well. Your plan should tell you to rebalance by selling some “riskier” stocks and buying more “safer” fixed income investments. But, which fixed income investments are safer?

Inexpensive Tools For DIY Money Management

by automating most of my money management routines…I have saved countless hours and plenty of professional fees. You can too!
The simpler your current financial situation is, the easier it is to get a handle on it, now. The more successful and complex your situation becomes, the happier you will be that you invested the time early.

Safest-Separate The Advice From The Management

(5th & last post in the series: From Dumb, Dumber & Dumbest To “Safe”, Safer & Safest) You can get the benefit of truly independent advice without risking any hidden conflicts of interest, by separating the functions of money management (execution) and advice.  Fee Only Financial Planners will offer advice, assist you in executing their recommendations in your own insured brokerage account or help you find a money management firm that can execute your plan for you in a custodial account.  Since the advisor never has access to your money or your investments, there is virtually no opportunity for fraud. Of course there is still the risk that you get bad advice or that your investments simply fail.  Your best chance of avoiding bad advice is to make sure both you and your advisor are well educated in financial planning.  The National Association of Personal Financial Advisors (NAPFA) offers a good checklist for finding educated professionals dedicated to acting as client fiduciaries and resources that you can utilize for your own education.  It can be found at...