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Rollovers inspire yawns in most advisors and not just because the word reminds them of their mattresses. Over the years, the subject of rollovers has been overexposed. But there is good reason for that: They are an incredibly important segment of...
Initial public offerings are lessons in onomatopoeia for a company's founders: goes the stock immediately after the offering; Hee Hee! go the founders when they start counting their money. All too often, though, these sounds are followed by a as...
A few years ago, two longtime clients, both owners of their own businesses, announced they were splitting up. But each wanted to retain Koprowski, director of financial planning at Delessert Financial Services in Waltham, Mass., as financial...
It's not news that mixing family and business can be messy, but advisors might be surprised to know the extent to which family-owned businesses need their services. According to Boston-based Family Firm Institute, a nonprofit trade group for...
When investors, particularly wealthy ones, approach retirement, they often embark on a process that sends financial advisors' salivary glands into overdrive: the sale of highly appreciated assets. An advisor with such a client knows a big payday...
By 2020, approximately one out of six Americans will be 65 or older, according to the American Association for Long-Term Care Insurance, Westlake Village, Calif. Statistics show that roughly one-third of those men and one-half of those women will...
For Susan Hirshman, it was one of those unfortunate intersections where family dynamics and financial planning meet. About six years ago, a recently widowed client asked her son to step in and help handle her portfolio. But, when the son suggested...
Just when you thought the news couldn't possibly get worse, it has. Both the NASD and the SEC have revealed they are separately investigating yet another area within the financial services sector: 529 college savings plans. The state-sponsored...
If personal finance were an orchestra, there would be little doubt what would occupy the first chair in the College Savings section. The 529 savings plan has for years been the darling of investors and advisors, and there are good reasons for its...
If last year's federal budget process teaches anything, it's this: Nothing's a sure thing. True, several of last year's most interesting proposed items dividend and capital gains tax reductions, for instance made it into the final budget. But...