Regulators and law enforcement are looking into flagrantly illegal “side letter” agreements which … [+] pay private equity investors aware of fraud to not tell unsuspecting others. getty While mutual fund investors are assured equal treatment under the federal securities laws, private equity funds are the Wild West—industry practice is to grant certain investors secret
Retirement
NEW YORK, USA – JANUARY 18: Thomas DiNapoli, New York State Comptroller speaks during Martin Luther … [+] King Day celebration at National Action Network headquarters, in New York, United States on January 18, 2021. (Photo by Lev Radin/Anadolu Agency via Getty Images) Anadolu Agency via Getty Images In late January, the Washington Post reported:
getty You’ve seen and heard it all before. You’ve probably even joined in. How many times have you made fun of organizations that give participation trophies to everyone just to avoid damaging the fragile egos of those who didn’t win? If you’re like many people, this cavalier dismissal of merit and achievement makes you shake
Grass growing from wallet getty So, you are over 50 and you’ve done okay, maybe even better than okay. You’ve saved some money for a rainy day and invested the rest wisely. You may have followed the recommendations of a trusted broker or decided to manage your own portfolio. Most of your money is probably
WASHINGTON, DC – FEBRUARY 17: U.S. President Joe Biden meets with labor union leaders in the Oval … [+] Office of the White House on February 17, 2021 in Washington, DC. Biden met with labor union leaders to discuss and promote his $1.9 trillion coronavirus economic stimulus plan. (Photo by Pete Marovich-Pool/Getty Images) Getty Images
Female writing to-do list dragonstock – stock.adobe.com None of us wants to think about boring, grownup stuff like wills, but being an adult is not as hard (or even boring!) as it looks! Trust me. And there are companies and resources out there that actually make the process easier. You don’t have to become an
Roger, 90 and Mark, 85 have been off and on friends for 50 years. Mark has no family of his own. Roger’s adult kids call him “Uncle Mark”, as he’s shown up for family events for decades. He once had plenty of money, or so it seemed. There was the apartment in Paris, the home
Getty images getty For a lot of young people, especially those who are beginning to get a handle on their finances, tax filing can be a dreaded task, and strategic tax planning may seem like a major undertaking. Year-end is typically when many people start thinking about taxes. But waiting until the year is over
LIRP Life insurance retirement plan and glasses. getty If you are contemplating purchasing a new life insurance policy, be sure to discuss the use of an irrevocable life insurance trust (known as an ILIT) with your advisors before you purchase the policy. An ILIT is an irrevocable trust that you create to hold a life
Getty getty Inevitably retirement planning discussions with my clients include listening to stories about their parents and grandparents. Frequently, clients like to reminisce about how their family members from previous generations handled their money. For some investors, these personal experiences serve as the benchmark for how they will plan their own financial future. Unfortunately, the