Financial Advisor & Retirement Planning

“My Business Is My Retirement Plan”: Here’s Why It Can’t Be.

  • When I speak to business owners about retirement planning, it’s not unusual for me to hear, “Well, selling my business IS my retirement plan!” It’s a nice idea on paper. You build up your business to a point where your life’s work can be sold for an amount that finances all of your dreams for years to come. The problem? Many business owners can’t say with absolute certainty that their company will indeed be able to deliver on completely funding…

    What 401(k) Benchmarking With FFP Is All About

  • Interested in comparing your company's 401(k) plan to others? In Part 3 of our 3-Part Video Series on the subject, Nick Economos, Chief Retirement Officer of Fiduciary Financial Partners, explains the next steps in an easy process for receiving your own customized benchmarking study of your 401(k). Get the clarity you deserve about how your 401(k) stacks up by calling Nick and his team at FFP at 630.780.1534. Nick Economos, CRPS is a dedicated independent Financial Advisor and Chief Retirement…
    Nick Economos explores 5 areas for comparing 401(k) plans

    5 Areas For Comparing 401(k) Plans

  • There are 5 key areas to focus on when comparing your company's 401(k) plan to others. In Part 2 of our 3-Part Video Series, Nick Economos, Chief Retirement Officer of Fiduciary Financial Partners, speaks in-depth to each of these considerations when he engages in a benchmarking study for his clients' 401(k) plans. If you're wondering how to go about having this type of analysis done for your own plan, you'll want to check out Part 3, which will show you…
    Why compare your company's 401(k) plan to others? Nick Economos explains.

    Why Compare Your Company’s 401(k) Plan To Your Peers?

  • When it comes to your company's 401(k) plan, do you really know how it stacks up to others in terms of its costs or whether you're getting value for the fees you're paying? Nick Economos, your Chief Retirement Officer at Fiduciary Financial Partners, speaks to these questions you'll want to consider today in Part 1 of this 3-Part Video Series on the importance of benchmarking your 401(k) plan.     Nick Economos, CRPS is a dedicated independent Financial Advisor and…

    “Lipstick On This Pig”: Why The Broker System Is Broken

  • It was supposed to be so much different by now. Check out this ad from Schwab where the head of a brokerage firm instructs his staff to “put some lipstick on this pig.” This ad ran in 2002. Ah, how times have changed, right? Wrong. Years later, many brokerage firms are still pushing investments that are suitable for client portfolios but not necessarily in the client’s very best interests. “But wait,” you say. “What about all the problems encountered by…

    Education Shopping Now May Mean Everything For Your Kids Post-Graduation

  • We continue to see a trend in which employers are considering how to help their people tackle the challenges of paying off high student loan debt. If this seems outside the norm, think again. In fact, we believe the need for employer assistance on student loans should only continue to grow based on the statistics we see such as the one from the Federal Reserve Bank of New York that estimates student loans have risen to 10.6% of all U.S.…
    A Macron win is good for global investors

    Victory Of Macron In France Good News For Global Investors

  • In the wake of the election of Emmanuel Macron over Marine Le Pen as France’s new President, numerous media outlets have applauded his victory as a solid rejection of opponents of the EU. The question is, what might Macron’s election mean for markets and even your portfolio? First things first: Victory for Macron means France is staying in the EU for the foreseeable future, thereby avoiding a “Frexit.” That kind of stability is important not only for France but for…
    Your retirement Magic Number can be a moving target

    Is Your Retirement “Magic Number” Stressing You Out?

  • As someone who is obsessed with watching market numbers in all varieties daily for my clients, it may seem odd for me to talk about one number that constantly comes up in planning conversations: Your retirement “Magic Number.” It’s not that you shouldn’t have a goal to plan for, of course. It’s that this Magic Number at times gets entirely too much weight. People can focus on it so much that their entire life is boiled down to the success…
    What's an ineffective retirement plan costing your company? We run the numbers.

    What An Ineffective Retirement Plan Really Costs Your Company

  • You know it’s important to have a strong retirement plan for your company. Still, when it comes down to it: If you have an ineffective retirement plan, what's the real cost to your company if employees can’t retire on time? It might seem easy to view your company’s retirement plan as an independent entity. In truth, there’s a much larger domino effect that occurs when people either don’t retire on time or leave the company before retirement. There are long-term…
    Today's financial wellness program is more than just retirement planning.

    Today’s Financial Wellness Program: It’s About More Than Retirement

  • If your company is like most, you have employees who are carrying around a lot of stress with them tied to their finances. In fact, if the percentages mirror what PwC found in a recent Employee Financial Wellness Survey*, close to half of them have consistent balances on their credit cards. And one-third of them are finding the stress they’ve had over financial issues increased within the last year, contributing to many finding themselves challenged to meet monthly household expenses…
    China's ghost cities and why their making a comeback is a good thing for global investors

    The Comeback Of China’s Ghost Cities And Why Global Investors Should Care

  • “By 2020, China hopes to move 100 million people from the country's farming regions into cities. By 2026, it hopes to move 250 million.”1 That was early 2013, when 60 Minutes ran a story about China's ‘Ghost Cities’ as a sign of a massive build up in unused and unneeded housing. Since then, this story in ‘The Globe And Mail’ describes how a lot of excess capacity of housing has actually been filled up in China’s third and fourth-tier cities,…
    The Federal Reserve - are we giving it too much credit for its influence?

    Are We Giving The Fed Too Much Credit For Influence?

  • The Federal Reserve recently raised a key interest rate .25% and in the 24 hours since, it seemed to be the only non-White House issue the media could talk about. What are the implications for the economy?   The Federal Reserve Is Just A Scorekeeper. Really. Let’s consider the real factors here. When we drill down deeper, we see that the Fed is not causing interest rates to rise in itself. It’s responding to events when it raises or cuts an…
    Can you manage to separate your feelings from finance?

    Finance Is Never About Your Feelings

  • How do you FEEL about the stock market? Do you FEEL that it is too high and ready for a big fall? Well, people may love to share their FEELINGS about investing. Yet at Fiduciary Financial Partners, we spend a great deal of our time separating financial emotion from financial reality. FEELINGS should not enter into the discussion. It can be challenging to do that with a constant swirling of dramatic news media stories. We get that. Still, at the…
    The US Dollar Is Crashing Soon? We Can Think Of Two Historical Instances That Bucked That Trend

    Why A Strong US Dollar Is Nothing To Fear

  • Do you ever notice how some financial TV pundits find a way to talk doom and gloom when things are actually going quite well? Take the US Dollar, which is very strong right now. If you're not into financial markets, you wouldn't know that the US Dollar is up more than 25% in the last 2 1/2 years and almost 40% since early 2011.  Still, when the Dollar eventually does weaken, we'll see 'Dollar Crisis!' stories popping up across the news media.…
    Is the Euro beyond help if regular bailouts aren't successful?

    Euro On Life Support If Italian Banks Can’t Make A Comeback?

  • Once Italian lawmakers in December approved a 20 billion Euro plan design to rescue Italy's weakest banks, it would be easy to say the country - and the Eurozone - could breathe a bit easier. After all, we can point to instances in other countries in which banks have been revitalized after the government recapitalized them. When we think back to the US banking crisis, financial institutions across the country made a serious comeback upon recapitalization. Remember Spain's housing bubble?…

    Almost 10 Years After Madoff, What Have Investors Learned?

  • Nearly a decade after Bernie Madoff shook the investment world with a Ponzi scheme of epic proportions, the question remains: Could it happen again? In reflection, we always come back to this: You should always be leery of any financial advisor who is also your custodian.  If they make your statements, then there’s a risk to you. None of us want to even imagine that dreadful feeling that so many of Madoff's victims felt. Yet, when we have films like…
    Could President Trump's SEC pick derail the Fiduciary Rule?

    Is Fiduciary Rule “Dead” With Trump’s SEC Appointment?

  • The Fiduciary Rule was created to try to keep investors from being taken advantage of. But with President Trump's SEC appointment, is it now in jeopardy? by Miaciah Manuel, CFP® With every appointment and executive action, President Trump continues to garner controversy – and his appointment of Jay Clayton to lead the SEC appears to be no different. Given Clayton’s career as a defense attorney for large financial institutions, the opinion of some in the financial press is that he is…
    If you're uncertain whether you have one of the best 401k plans, a benchmarking report from FFP can clarify a whole lot.

    Think You Have One Of The Best 401k Plans? Let’s Test.

  • The best 401k plans offer the full services, value and performance your company and its plan participants deserve. How do you know you, in fact, have one of the best 401k plans out there? In a word: Benchmarking. In the first part of our blog post on benchmarking your 401k and comparing it to others, we spoke about the importance of having thorough documentation as compliance audits from the Department of Labor will be going up over the next several…
    It's time to compare 401k plans for greater insight - FFP's Nick Economos shares why.

    Why Your Company Should Compare 401k Plans ASAP

  • By Nick Economos That current 401k plan for your company? Sure, it seems to be performing fine. Yet, you can’t ignore the sense that you should compare 401k plans for your peace of mind, especially with some questions rising to the surface such as: Are we overpaying for our 401k plan with certain fees that may or may not be necessary? Could our plan be performing even better? What better fund options might be out there for a company like ours?…
    Why fiduciary duty matters: Is What’s “Suitable” For Your Portfolio Enough?

    A Fiduciary Duty Question: Is What’s “Suitable” For Your Portfolio Enough?

  • Why should you care that a financial professional follows a fiduciary duty instead of what’s suitable for your portfolio?   By Nick Economos At first glance, the idea that someone like a wealth manager, broker or financial advisor touts an investment that’s suitable for your goals seems perfectly fine. After all, it seems in line with your risk tolerance and what’s more, that professional might be talking about the high standard they’re held to through the Financial Industry Regulatory Authority, also…

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