Many millennials are failing to establish credit histories and enjoy other benefits, such as enhanced fraud protection that are associated with credit cards. So reports CNN.
Fee-based planners are often viewed as having fewer conflicts of interest, but challenges exist with all forms of compensation, according to Financial Planning Association President Shannon J. Pike.
Rather than pay fees and contend with other drawbacks of annuities, retirees may want to consider creating a bond ladder with Treasuries that will mature each year to create income. So reports Forbes.
State Street has agreed to pay $5 million to settle claims that it underpaid female and black employees. So reports CNN.
Morgan Creek Capital Management’s Mark Yusko has been a vocal critic of ETFs. More recently he decided to join the enemy by launching his own of ETF, reports Bloomberg.