“Both large and small investors should stick with low-cost index funds,” according to Berkshire Hathaway Chairman Warren Buffett. In his annual shareholder letter, the Oracle of Omaha reminded investors something they probably know intuitively, “When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients.” This is not a new message for Buffett. Three years ago, he provided similar advice to the trustees of his estate: “Put 10 percent of the cash in short-term government bonds and 90 percent in a very low-cost S&P 500 index fund…I believe the trust's long-term results from this policy will be superior to those attained by most investors…who employ high-fee managers.”

Roth IRA Q&A

The Roth IRA turns twenty years old this year. The retirement vehicle was part of the Tax Relief Act of 1997 and it was seen as such a boon to savers, many believed that it would not survive. Two decades later, it is alive and well. As many Americans consider funding retirement plans this tax season, it’s a good opportunity to provide you with a Roth Q&A.

Trump Tax Reform 2017

On Tuesday night, the President will speak to a joint session of Congress, where he could finally outline details of a major overhaul to the personal and corporate tax system. Last week, Treasury Secretary Steven Mnuchin told CNBC that the administration is “primarily focused on a middle-income tax cut and simplification for business. And what we are focused is that on the high end, if there are tax cuts, that they are offset with reduction of deductions and other things.”

Tip of the Week - February 24, 2017

Mark TalercioFebruary 24, 2017

Ep. 008 - Silicon Valley Disrupters with Brad Stone

Mark TalercioFebruary 23, 2017401k, 529plan, Airbnb, Betterment, betteroff, Brad Stone, BradStone, cash, CFP, Credit, creditcard, creditscore, debt, Fiduciary, fiduciarystandard, finance, financialliteracy, funds, interest, interestrates, investing, JillSchlesinger, Jocko, kids, literacy, Money, mortgage, network, networking, personalfinance, podcast, Refinance, Retirement, roth, RothIRA, Saving, savings, Schlesinger, Stocks, studentloans, TheUpstarts, Uber, Upstarts, wallst, wallstreet

Tip of the Week - February 17, 2017

Mark TalercioFebruary 17, 2017

CFP Board News

As many long time readers know, I have been a consistent cheerleader for the CFP® certification that I hold from the Certified Financial Planner Board of Standards, Inc. That’s why I am delighted to announce that I am assuming a new role, “Senior CFP Board Ambassador.” Just like I do in this column, I will provide consumers with timely personal financial advice, explain how current economic and financial news impacts their lives and underscore the importance of having a financial plan.

Ep. 007 - Fiduciary Rule with Jon Stein

Mark TalercioFebruary 16, 2017401k, 529plan, Altucher, BethKobliner, Betterment, betteroff, cash, CFP, Credit, creditcard, creditscore, debt, Ferriss, Fiduciary, fiduciarystandard, finance, financialliteracy, funds, GaryV, GaryVee, interest, interestrates, investing, jamesaltucher, JillSchlesinger, Jocko, kids, Kobliner, literacy, Money, mortgage, network, networking, personalfinance, PlanetMoney, podcast, Refinance, Retirement, roth, RothIRA, Saving, savings, Schlesinger, Stocks, studentloans, TheDaily, TimFerriss, wallst, wallstreet

Trump’s Next Shake Up: The Fed

Get ready for the Trump administration’s next shakeup…the Federal Reserve. As Fed Chair Janet Yellen heads into her semi-annual testimony before Congress this week, she knows the score--this is probably the penultimate appearance at what is likely to be a historically short term for a Fed Chair. Yellen’s term as Chair expires in February 2018 and during the campaign, candidate Trump said that he would “most likely” replace her, because “She is not a Republican."

BlogMark TalercioFebruary 11, 2017Central Bank, Daniel Tarullo, Fed, Fed Chair, Federal Reserve, Janet Yellen, Trump

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