#retirement #investments #NewRulesForInvesting
Like eating and sleeping, choosing how to invest for retirement is a necessity of life.
The number of options makes the choice more difficult.
What may be good news is that new federal rules encourage brokers and other investment sales folks to make the client’s interest a priority, regardless of how much the broker may lose in fees.
Russell Grantham, a business reporter for The Atlanta Journal-Constitution, discussed these new rules in an April 24, 2016, article.
Baby boomers are starting to retire in large numbers, and these new rules are designed to ease the burden of choosing the correct investments for them.
As Grantham’s article points out, though, the new rules may discourage some brokers from dealing with clients that have small nest eggs. It could increase brokers’ costs, he writes.
The rules are among the biggest changes in the financial industry in generations, Grantham writes.
The financial industry sometimes gets a bad reputation. Not everyone in the industry looks out for his or her own interests over his or her clients’ interests.
The bottom line for investors, regardless of how much money they have, is to find someone trustworthy to manage their hard-earned money.
Someone trustworthy will always have your best interests at heart. Someone trustworthy will manage risk according to his client’s tolerance.
Someone trustworthy won’t be calling his clients daily, attempting to generate trades that may or may not be in the client’s best interest.
Also, the financial industry is extremely competitive. Those who work in it must not just make a living, but also must make money. A great way to judge an investment adviser is by how much he or she is making for YOU. Generally, advisers don’t last in the business if their clients are making puny returns, or are sustaining heavy losses.
Know, too, that the financial markets don’t go up in a straight line. There will be some down times throughout any investment market.
But good advisers will get clients through the tough times with minimal, if any, losses.
Though the markets don’t generally go up in a straight line, they generally go up over time. Beware the financial adviser who predicts doom, and encourages clients to pull everything out and turn everything to cash. Although it’s nice to have some cash available, cash by itself generates little or no return.
All this discussion about rules for advisers begs another question: how much money do you have for your retirement, and are you investing it properly? If you don’t believe you have enough for your retirement, and don’t know how you are going to get what you need as you age, visit There are many ways to generate extra income, and this is one of the best.
So choose your investment adviser carefully, if you haven’t done so already. Talk to several before you decide. Make sure the person you choose understands how much risk you can stand. Make sure, too, that he or she creates a balanced portfolio for you, and isn’t so conservative that your returns will be puny.
You’ll know by talking to different advisers whether you can trust them. Regardless of the rules they have to live by, trust is the main thing to look for in an adviser. The adviser’s job is not just to make you money, but also give you peace of mind.


#trust #retirement #saving
America has an issue with trust, and it’s getting worse.
So said a headline in the Feb. 14, 2016, edition of The Atlanta Journal-Constitution.
The headline was over an article by Gail MarksJarvis, personal finance columnist with The Chicago Tribune, and author of “Saving for Retirement Without Living Like a Pauper or Winning the Lottery.”
MarksJarvis wrote about Richard Edelman, president of the Edelmen public relations firm. He spoke to a group of CEOs about trust, and why fewer and fewer people are trusting big institutions, be they government, corporations or other large entities.
“Economists have been troubled throughout the recovery (from the 2008 economic collapse) that even though incomes were slowly rising and households should have more pocket money now that gas prices are low, spending hasn’t followed the expected trend. Consumers are increasing their saving and being careful about spending,” MarksJarvis writes.
Of course, the CEOS want to know about this because they want to sell more of their products and services. They want to know how to get people to part with more of their purses’ contents.
Remember, a few years before the collapse, we were told that people weren’t saving enough? After the collapse, for many, saving became even more difficult, so we still have a real problem with people not having nearly enough put away for retirement, or even enough for emergency expenses that are crucial to life.
Now that some of those folks are “recovering,” they are beginning to save more. This has to be good for most of us, albeit not so good for businesses.
Who would have thought that the big drop in gasoline prices would have Wall Street in a tailspin? Turns out that companies who went out looking for new sources of oil, natural gas etc., borrowed lots of money to do it. Now, as oil prices have sunk, these companies are having difficulty paying their debts back. That’s having an effect throughout the economy.
Through all this, it seems, Americans have become jaded and have no faith that the institutions of community are looking out for them. It’s certainly OK to be skeptical, but when skepticism turns to cynicism, everyone, eventually, gets hurt.
The lesson here is to look for people and institutions you feel you can trust, and work with them. Continue to spend carefully, and save aggressively. Also know that no matter how much money a corporation makes or saves, your job, if you have one, could still be in peril.
If you are scared, or angry, at what you see happening in the country or around the world, take a breath. Americans still have a great capacity for turning miserable circumstances into wonderful success. If you’d like to be part of that turnaround, and see yourself as success waiting to happen, visit You’ll find stories of people from all walks of life who have turned their difficult circumstances into powerful success.
As the title of MarksJarvis’ book suggests, you CAN save for retirement without impoverishing yourself or winning the lottery. It takes discipline and careful spending – things Americans seem to be doing.
Sometimes one has to look hard to find someone, or some institution, he or she can trust to look out for him or her. They are out there, but one has to keep looking and not get discouraged.


Trust must be earned. It can’t be ordered.
Therefore, trust is valuable.
If you’ve earned the trust of others, they will do what you want them to, and they expect you to have their backs.
As you earn trust, don’t lose it. It could cost you dearly.
Rory Vaden, a self-discipline strategist and speaker, as well as co-founder of Southwestern Consulting, lists seven ways to lose trust. They are: be selfish, be protective (of your turf), be ungrateful, be self-centered, be passive-aggressive, be negative and be incongruent.
Vaden talked about these trust busters in a Sept. 8, 2013, column in the Tennessean newspaper of Nashville.
People generally trust positive, upbeat people. Sure, we all occasionally meet phonies who fein a positive attitude, but turn out to be snakes in the grass. But most of us can spot those folks easily, before too much trust has been established. We react differently to those who are genuninely positive.
People who are genuinely positive, even under difficult circumstances, also tend not to be selfish. They tend to be grateful for anything anyone does for them. They tend to think of others first, and that generally separates them from the phonies.
They tend to be private people, but not secretive. They tend not to protect their own turf at any cost. They tend to do what they say and say what they mean all the time. They would not even think about being devious, unless it’s all in fun, as in surprising one’s spouse on a birthday.
Sometimes it’s difficult to trust, especially when someone you’d trusted violates the trust. In that case, don’t presume EVERYONE will violate your trust, and give the person who has violated trust sufficent time to earn it back. Many marriages that could have been saved dissolve because one spouse’s trust was violated, and the other spouse is never given a chance to earn it back. The rule here might be that one violation of trust is not insurmountable. Trust can be earned back. Multiple violations of trust may do you in.
In marriage, not only is it virtuous to be trustworthy with your spouse, but more convenient. It has to be really difficult keeping a false story straight every time, day in and day out. Eventually, if you try to do that, you’ll slip up and get caught. If you are trustworthy, period, your spouse always knows everything, and everything he or she knows about you is true.
One’s trust should be given with care, but still given. Never trusting anyone will lead a person to a pretty miserable life. It’s OK to trust. It’s also OK to, as former U.S. President Ronald Reagan once put it, to verify, if there is any question.
You’ve heard that if something sounds too good to be true, it probably is. Sometimes, we have good things come into our lives, yet we don’t trust that they are true, or they will do what they say they will do.
If you are looking to improve your life, visit You can trust that everything you read, hear and see there is true.
Trusting, and being trustworthy will also improve your life. Trust is valuable to give and valuable to receive. Do both with care.