Inside the New Fiduciary Standard

Month: May 2016

May 24, 2016  |  

Inside the New Fiduciary Standard

Key Takeaways: What does the new Department of Labor rule mean to me? What is a fiduciary? Why is the Department of Labor involved? On April 6th, the Department of Labor (DoL) announced the final adoption of its Conflict of Interest Rule pertaining to retirement investment advice. At a high level, the rule states that financial advisors, whether they’re brokers or registered investment advisors (RIAs), must always act in a client’s best interest when providing […]

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May 16, 2016  |  

3 Reasons to Consider Umbrella Insurance

Do you own a home?  Do you have a long commute?  Are you a dog owner?  If you answered yes to any of these questions, an umbrella insurance policy is worth looking into.  As you probably know, we don’t sell insurance here at Independence Advisors. However, risk management is a key part of any comprehensive financial plan, and properly insuring yourself against catastrophic loss is a major consideration. Umbrella insurance, also known as excess liability […]

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May 4, 2016  |  

The Vacation Home Primer

Key Takeaways: The purchases of vacation homes have spiked over the past few years. Before purchasing, consider whether you plan on using it yourself or renting. When considering a purchase, account for extra expenses such as insurance, taxes, utilities, furnishings and upkeep before taking the plunge. Summer is coming, so if you’re like me you can’t wait for the pending weekend trips to the beach.  As a former Mack & Manco’s employee and boardwalk lover, […]

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May 2, 2016  |  

Target Date Funds – “To” and “Through” the Details

Key Takeaways: Target Date Funds are a popular choice in retirement plans. Understanding the asset allocation and glide path for the fund is important. For some investors, risk tolerance may not fit a fund’s allocation. In a world seemingly obsessed with automation and quick solutions, target date mutual funds have grown in popularity with investors.  Their rise in popularity is due to Congress’s 2006 decision to make target dates the default option for retirement plans […]

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