Employers Upset Over Recent Changes in 401(k) Rules

The latest Biden administration rule on 401(k) plans is reshaping how employers manage retirement plans. It’s a complex scenario requiring a fresh understanding of fiduciary duties and provider relationships. This rule aims to protect employees but also imposes new responsibilities on employers.  Revised Fiduciary Standards The U.S. Labor Department’s new rules expand fiduciary investment advice […]

Millionaires Identifying with Middle Class: Truth or Myth?

Feeling “rich” is an increasingly elusive concept in contemporary society. Even among those with substantial financial resources, only a mere 8% characterize themselves as truly wealthy. The Perception of the Upper Middle Class A recent Ameriprise Financial survey reveals the intriguing fact that approximately 60% of investors with $1 million or more of investable assets […]

Crypto Caution: How to Dodge Downsides and Boost Returns

Cryptocurrencies have revolutionized the financial landscape, offering new possibilities but also introducing unique risks. In this article, we will take a look into the various known cryptocurrency risks to help better understand different implications and ultimately help navigate this evolving digital terrain. Facts About Paying With Cryptocurrency Paying with cryptocurrency differs significantly from traditional methods. […]

Divorce in Your Fifties: The Impact on Mental and Financial Health

Long-term marriage vows were once seen as unbreakable, yet people over 50 are increasingly parting ways.  Older Americans Are Divorcing A 2022 study from The Journal of Gerontology reports that 36% of divorcing Americans are over 50. This surge in “gray divorce”  presents challenges and implications extending well beyond the couple.  Decades of Wealth Need […]