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Posts Tagged ‘brokerage firm’
February 19th, 2010
(Tom Tomaj) - As a fee-only investment advisor I come across clients from all walks of life. Lately I have noticed something in common with many of these investors. Many do not know the difference between an investment advisor and a broker who manages and/or makes securities recommendations for their clients’ investment portfolios. With the almost unprecedented volatility in the securities markets, you cannot afford to dig your head in the sand when it comes to whom is managing your assets.
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Tags: broker dealers, brokerage firm, conflicts of interest, fiduciary duty, fiduciary obligation, full disclosure, head in the sand, investment advisors act, investment advisors act of 1940, investment consultant, investment portfolios, principal obligation, securities and exchange commission, securities exchange act, securities exchange act of 1934, securities markets, suitable recommendations, unprecedented volatility, walks of life, what this means
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| Posted in Money Manager 101 |
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September 15th, 2008
(Money Manager) - A SEP IRA is a type of individual retirement account that has different tax rules than other types of IRA's. With a few exceptions, a SEP IRA is subject to the same rules as a Traditional IRA. One of the differences is that a SEP IRA is set up by an employer for employees, or for himself if he is self-employed. Traditional IRA's are not set up by employees. As a result, SEP IRA's have rules as to who is an eligible employee, employer contribution limits, and so forth. Self-employed individuals with no employees make up the bulk of those establishing this type of IRA, although some employers with employees do have SEP IRA's.
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Tags: brokerage firm, categories of employees, contribution limits, eligible employee, eligible employees, employer contribution, exceptions, individual retirement account, ira plan, money, nonresident aliens, participation, personal services, restriction, retirement benefits, sep ira, traditional ira, type of ira
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| Posted in Money Manager 101, Retirement |
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September 5th, 2008
(Money Manager) - A 529 Plan is a way to save for college that provides special tax advantages not available through regular savings. These plans are named after Section 529 of the Internal Revenue Code which governs them.
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Tags: 529 college savings, 529 plans, article deals, brokerage firm, clarification, college savings plan, educational institutions, family member, federal tax, internal revenue code, money, parents, participation requirements, private investment firm, section 529, tuition and fees, tuition credits, tuition plan, tuition plans, variation
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| Posted in Money Manager 101, Personal Finance |
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