As though preparing for your own retirement isn’t enough, some people may need to start saving for their parents’ old age too, a recent study suggested. More than half of people age 40 and older have not discussed aging with their parents, and 84% have nothing saved for their parents’ future should they need it, according to a study conducted by Mavencare, a home care provider. Still, nearly six in 10 respondents said they’re worried...
There might be no such thing as a free stock trade. After the news that Charles Schwab Corp. and TD Ameritrade would soon be dropping trade commissions, some financial advisers and market experts say it’s possible mom and pop investors could still end up paying — just in a different way. Inexperienced investors could overtrade or make risky stock bets, unimpeded by fees to make them stop and think a second, advisers told MarketWatch. Inexperienced...
Mike Alves |
Article written by Mike Alves, CFP®, CLU®, CRPC®. Managing Director, Founder at Vida Private Wealth. While the phrase “money doesn’t make you happy” ...