On this episode:
Do you really know the differences between stocks and bonds? Can you define capital gains and losses? Can you explain to a friend the meaning of asset allocation? Join Ric Edelman for a lesson in financial literacy and improve the fundamentals of your personal finances.
A reverse mortgage is literally the opposite of a traditional mortgage. Instead of sending a monthly check to the bank,the bank sends a monthly check to you.It sounds like a nifty concept, but is it too good to be true? Listen to Ric Edelman explain the truth about reverse mortgages.
A listener calls the show because he needs help deciding what to do with a pension. His employer is terminating the pension plan and now he must decide between taking a lump sum or a monthly payment. Listen to Ric Edelman explain why this is increasingly happening with pension plans and how to make a decision that’s right for you.
Maybe you don’t need to borrow money and already have a great credit history. But, you should still check your credit score because it’s how you could detect fraud. Or you might discover that someone has stolen your identity. Listen to Ric Edelman explain another very important reason to check your credit score and how to do it for free.
These callers were prerecorded and prescreened.
This material was prepared for informational and/or educational purposes only. Neither Financial Engines Advisors L.L.C (also referred to as Edelman Financial Engines) nor its affiliates offer tax or legal advice. Be sure to consult with a qualified tax or legal professional regarding the best options for your particular circumstances.
Investing strategies, such as asset allocation, diversification, or rebalancing, do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Funds and ETFs are subject to risk, including loss of principal. All investments have inherent risks. There can be no assurance that the investment strategy proposed will obtain its goal. Past performance does not guarantee future results.
An index is a portfolio of specific securities (common examples are the S&P, DJIA, NASDAQ), the performance of which is often used as a benchmark in judging the relative performance of certain asset classes. Indexes are unmanaged portfolios and investors cannot invest directly in an index. Past performance does not guarantee future results.
Truth About Your Future. The New York Times Book Review Advice, How-To and Miscellaneous. April 16, 2017.
Truth About Retirement Plans and IRAs. The Washington Post, Washington Bestsellers Paperback Nonfiction/General. April 20, 2014.