The CARES Act ( the “Act”) waives the required minimum distribution rules for certain defined contribution plans and IRAs for calendar year 2020. This provision provides relief to individuals otherwise required to withdraw funds from such retirement accounts. This also includes individuals who turned 70 1/2 in 2019 but elected to defer their initial distribution […]
Continue reading…Personal Finance 101: What’s the Difference Between a Stockbroker and an Investment Advisor
Thank you to Blank Slate for publishing my recent article, “The Difference Between a Stockbroker and an Investment Advisor.” Far too many people don’t understand that there is a big difference between these two roles. A financial advisor must put their client’s interests first. They are a fiduciary, and have a legal and ethical obligation of primary loyalty to […]
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