Advisors know the many challenges that come with clients’ increased life expectancy. Yet the possibility of diminished intellectual capability may seem outside their normal purview. It shouldn’t. If you want to help your clients prepare for the future, experts say you can’t ignore the unpleasant possibility of their age-related cognitive decline.Be Prepared “Financial advisors must…
History of the FedThe Federal Reserve System (“Fed”) is the central bank of the US. It was established by Congress in 1913 in the wake of the Great Depression with the primary functions of conducting the nation’s monetary policy, maintaining stability of the financial system, and supervising and regulating banking institutions. The Fed is considered…
The Parental Responsibility: How are we doing? In school our kids are taught a lot of subjects, but financial literacy is not one of them. What is the value of money? What is the time value of money? What is the difference between simple and compound interest? The teaching of financial literacy, like morality or…