Not Enough People Have Financial Advisers and New Research Shows They Should Only 52% of pre-retirees and 44% of retirees consult a financial planner or adviser according to a new report, Understanding and Managing the Risks of Retirement, from the Society of Actuaries (SOA), which discusses the findings of their Retirement Risk Survey conducted in 2013. The report highlights a variety of concerns faced by both pre-and post-retirees, including concerns about health care, long-term care, inflation, and running out of money in retirement. With roughly 96% of pre-retirees and 89% of retirees responding that they are concerned to some degree about their long-term financial future in retirement, it is troubling that only about 50% of people meet with a financial adviser. Confidence and peace of mind are just two of the more obvious reasons to seek the services of a financial adviser. Most people in the baby-boomer generation are not confident that they will have enough money for retirement. According to an IRI 2014 survey, baby-boomers with financial advisers are twice as likely to feel confident about their retirement savings as those without an adviser.
What Every Angel Should Know Before Writing The First Check Consider the temptation. The young entrepreneur is charismatic and smart. The new product is very cool. And the technology behind it is ground breaking. With all that, investing in this company seems like a slam dunk.
Maybe, maybe not. But before you invest, make sure you’re evaluating not only this particular opportunity, but also how it fits into your bigger “angel strategy.”
5 Steps for Saving Money on Textbooks Printed textbooks could soon be a thing of the past. Why? eTextbooks are more customizable, teachers can request specific chapters for their students and updating them doesn’t require a brand new printing. However, they can’t be resold. Buying and reselling textbooks can save students thousands of dollars over the course of their college careers.
Tax Court Says Bank 'Thank You' Points Are Taxable Income Unless you've flittered away your excess cash on magic beans, you've probably got a bank account. With over 500 banks failing between 2008 and today, however, you wouldn't be crazy to think that your money might actually be better spent invested in magic beans than in your local savings and loan. Of course, banks realize this as well, and as a result, the industry has upped the ante of the incentives it offers customers for opening an account.
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