When you seek guidance from a professional financial advisor, do you know to which standard your advisor must comply? Is it the lower “suitability” standard or the higher “fiduciary” standard? With the fiduciary standard, the registered investment adviser (RIA) is legally required to act for the sole benefit of and in the best interest of the investor client. The fiduciary … [Read more...] about Is Your Financial Advisor Legally Required to Act Only for Your Benefit?
If you have looked for family members to add to your family tree, you’ve probably visited the National Archives. You don’t have to travel to DC to tap into the treasure trove inside that majestic building. Federal records can be accessed online at no cost from the comfort of your home. Later this month the National Archives is hosting a three-day Genealogy Fair that will be … [Read more...] about Finding Family Members: Virtual Genealogy Fair
Each year about 1 in 10 seniors age 60+ is abused. And yet, abuse of elders is significantly underreported, only about 1 in every 23 cases. A new Elder Justice resource came online this week. This US Department of Justice website targets abuse and financial exploitation of the elderly. One section is for victims and their loved ones. Simply enter the zip code to get … [Read more...] about Elder Justice Initiative – Help for Victims, Loved Ones, and Other Professionals
Many complain that with turning 50 they started to get mail from AARP. Maybe the news that taking AARP Smart Driver™ Course can reduce the cost of car insurance will leave a more favorable impression. In Virginia, DC, and 32 other states, if you take the AARP course in a classroom, your insurance company is legally mandated to discount your auto insurance premium. (Maryland … [Read more...] about Get A Car Insurance Discount, But You’ll Get Carded
The good folks at the Consumer Financial Protection Board are at it again. This time they are warning about financial exploitation of residents in nursing homes or assisted living facilities. The CFPR has published a manual for operators and staff of nursing homes or assisted living facilities to protect vulnerable residents, those older and/or disabled. The 44-page guide … [Read more...] about Preventing Financial Exploitation in Nursing Homes and Assisted Living Facilities