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Annuities and the new fiduciary rule

 

In April, 2017, the Department of Labor’s new rules go into effect. Essentially, the regulation will require the financial sector to act as a fiduciary when advising consumers on their retirement plans and accounts. For those who sell annuities, this will fundamentally change their industry. read more…

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IRA Distribution Time

Information abounds on why and when you should contribute to a tax-deferred savings plan such as an Individual Retirement Account (IRA). Less is known about what happens in retirement when you have to take money out of these plans. For those who turned 70 ½ years or older in 2016, pay attention, because it’s distribution time. read more…

Has Santa Claus come and gone?

The rally continued in the stock market as investors abandoned bonds and bought stocks hand over fist. Many think the best is yet to come, since the traditional end-of-year Santa Claus rally is still ahead of us. read more…

Trump’s tweets continue a presidential tradition

“Chuck Jones, who is President of United Steelworkers 1999, has done a terrible job representing workers. No wonder companies flee country!”

“Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!”

                                                            Tweets attributed to Donald Trump

Over the past week or so, Donald Trump has taken aim at two companies, the entire health sector, and a union boss. The media and the financial community are in an uproar over his statements. Should they be? read more…

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About Bill

Bill Schmick was born in a blue-collar neighborhood of Philadelphia, just a few blocks north of “Rocky Balboa” territory where most of his Catholic schoolmates grew up to be either cops or criminals. He narrowly escaped both professions by volunteering to fight in Vietnam as a U.S. Marine... Read More

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