Senior Personal Finance Correspondent
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Jul 30, 2014

How to buy financial advice now

NEW YORK (Reuters) – The financial advice business is changing dramatically in every aspect, from how advisers spend their time, to what they charge, to how they label and promote themselves.

The result? Further confusion for consumers who probably sought help to find clarity in the first place.

Jul 30, 2014

Stern Advice-How to buy financial advice now

NEW YORK, July 30 (Reuters) – The financial advice business
is changing dramatically in every aspect, from how advisers
spend their time, to what they charge, to how they label and
promote themselves.

The result? Further confusion for consumers who probably
sought help to find clarity in the first place.

Jul 16, 2014

Stern Advice: I am woman (investor), hear me roar

NEW YORK (Reuters) – Is there a target on the back of my dress? Because it feels like there is a target on the back of my dress.

It was painted there by the financial services industry, which has grown hyper-aware of the fact that women have a lot of money and are about to have a lot more.

Jul 1, 2014

Do you want an annuity in your retirement plan?

NEW YORK (Reuters) – The U.S. Treasury Department has just given a tax break and its blessings to retirement savers who want to buy long-term deferred annuities in their 401(k) and individual retirement accounts.

The new rule focuses on a particular kind of annuity. These so-called deferred “longevity” plans kick in with guaranteed income when the buyer turns, say, 80 or 85 years old. For example, a 60-year-old man who spent $50,000 on a longevity annuity from New York Life could lock in $17,614 in annual benefits when he turned 80, the company said.

Jul 1, 2014

Stern Advice-Do you want an annuity in your retirement plan?

NEW YORK, July 1 (Reuters) – The U.S. Treasury Department
has just given a tax break and its blessings to retirement
savers who want to buy long-term deferred annuities in their
401(k) and individual retirement accounts.

The new rule focuses on a particular kind of annuity. These
so-called deferred “longevity” plans kick in with guaranteed
income when the buyer turns, say, 80 or 85 years old. For
example, a 60-year-old man who spent $50,000 on a longevity
annuity from New York Life could lock in $17,614 in annual
benefits when he turned 80, the company said.

Jun 20, 2014

Facing price wars and robots, wealth managers push advice

New York (Reuters) – Jack Bogle, the founder of Vanguard Group Inc and the pioneer of low-cost index investing has won.

Data shows investors have steadily paid lower mutual fund fees every year since 2003. Some 35 percent of all money in mutual funds is managed passively by computer models instead of humans. The average upfront sales fee paid to brokers by mutual-fund investors has fallen 74 percent since 1990, according to the Investment Company institute, a trade group.

May 21, 2014

How investors can get ready for inflation

NEW YORK (Reuters) – Last month was not a good one for inflation hawks, unless they were looking for validation.

The U.S. consumer price index was up 0.3 percent in April, its largest increase in 10 months. And producer prices were up 0.6 percent – their biggest monthly rise since September 2012.

May 21, 2014

Stern Advice-How investors can get ready for inflation

NEW YORK, May 21 (Reuters) – Last month was not a good one
for inflation hawks, unless they were looking for validation.

The U.S. consumer price index was up 0.3 percent in April,
its largest increase in 10 months. And producer prices were up
0.6 percent – their biggest monthly rise since September 2012.

May 7, 2014

Stern Advice – For richer or poorer, with student loans or without

NEW YORK, May 7 (Reuters) – Young marriage is lovely, but it
has always carried its own challenges of adjustment and
maturation. But newlyweds of the millennial generation face
another layer of stress: an unprecedented amount of student
debt, and in particular, unequal loads of it.

The average 2012 graduate finished with $29,400 in debt,
according to a study released Wednesday by the Institute for
College Access & Success, an advocacy and research group. But
there is still a divide among graduates. The institute found
that almost 30 percent of 2012 grads emerged debt free.

Apr 23, 2014

Stern Advice -Questions to ask your adviser about alternative funds

NEW YORK, April 23 (Reuters) – Ever since they were badly
burned in the 2008-2009 stock and bond debacle, investors have
been pouring money into so-called “alternative” mutual funds,
often at the behest of financial advisers who say those funds
will protect them from the fire next time.

But it is too soon to tell whether most of these funds will
work as suggested. Regulators, including the U.S. Securities and
Exchange Commission and the Financial Industry Regulatory
Authority, have expressed concerns about the risks inherent in
the more complex alternatives funds. And a sizeable number of
the investors buying these funds likely do not understand
exactly what they are buying.

    • About Linda

      "Linda Stern is an award-winning personal finance journalist who loves to write about how the big picture affects your pocketbook. A former contributing editor at Newsweek magazine and a long-time Reuters columnist, Stern covers everything from credit cards to retirement planning to investing. As a Washington-based correspondent, she sneaks in as much tax and economic policy as her editors will allow. She tweets at www.twitter.com/LindaStern. And when she expresses opinions, they are her own and not those of her employer."
      Joined Reuters:
      October 2010
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