As more money than ever pours into exchange-traded funds, investors are using increasingly popular and well-established ETFs to buy stocks through passive funds that track equities.
Demographics mean that the not-too-old, but not-young-enough boomer generation has dramatically undersaved for its needs. Advisors can help them catch up.
A majority of investors surveyed recently by BlackRock misunderstood the potential tax implications of exchange traded funds, with 55 percent of respondents saying they were not aware that an ETF could pay capital gains even if the security was not sold at a gain that year.
Retirement advisors may want to suggest clients move more money into their 401(k)s or IRAs to reduce their tax bill, in light of the impending fiscal cliff.
Greenspan says the U.S. government made a big mistake with its too big to fail policy after the 2008 financial crisis, saying he favored letting drowning banks sink into Chapter 11.