In 26 states (and Puerto Rico), laws generally hold children financially responsible for certain debts of their parents. These laws are referred to as filial responsibility laws (or filial support or filial piety laws). The details of filial responsibility laws…
Investor Psychology: Behavioral Biases That Can Lead to Costly Mistakes The field of behavioral finance focuses on the emotional and cognitive aspects of investing. In recent decades, well-known economists have advanced the theory that investors’ decisions can be driven by…
More than half of 401(k) participants have assets invested in target-date funds. These “all-in-one” funds are often the default option in workplace plans, and their apparent simplicity appeals to many investors. But target-date funds are not as simple as they…
Your 401k plan is riskier than you think. It’s purpose is to be the nest egg that gets you to retirement but it’s full of risks you might not be aware of. What a 401k won’t do is perform well…
What’s a good way to retire? What’s the best way to retire? Just work until your full retirement age, call social security and start getting checks in the mail? Sounds ok…but is there a better way? We’re thinking a checklist…
When the market crashes virtually everyday during a correction, it’s hard not to watch your money evaporating as investments lose value. During market downturns, the perma-bears come out of the woodwork and do everything they can to scare you out…