One of the problems many employees have faced over the last decade is the rapid disappearance of the traditional company pension plan – also known as a defined benefit (DB) plan – in favor of defined contribution (DC) plans.  With DB plans, the investment risk is completely borne by...

With Americans being forced to take more and more responsibility for their retirement savings and growth, the need for making better financial decisions is becoming paramount.  Unfortunately, a recent survey by LIMRA, a life insurance market research association, designed to test the financial literacy of the average American, shows...

Now that the Powerball lottery has arrived in California, I thought it would be good to talk about the impact of unexpected or sudden wealth on one’s life.  We’ve all probably dreamed at one time or another about how fantastic our lives would become if we could only win...

The Social Security Administration gives retirees the option of collecting social security (SS) benefits as early as age 62.  But they offer a much higher monthly benefit if you choose instead to delay collecting benefits until age 70.  How much more?  According to Elaine Floyd of Horsesmouth, LLC, a...

One of the most widely debated investment approaches among financial planners involves active versus passive management, especially when investing in stocks.  Indeed, this debate has taken on many of the attributes of a holy war.  Those supporting passive investing argue that the odds of any individual investor putting together...