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50/15/5: a saving and spending rule of thumb
Budget. Does anyone (read more) like that word? How about this instead—the 50/15/5 rule? It’s our simple rule of thumb for saving and spending: allocating no more than 50% of take-home pay to essential expenses, 15% of pretax income to retirement savings, and 5% of take-home pay to short-term savings. (Your situation may be different, […]
Fiduciary Update: DOL to Extend Deadline for Phase Two of Conflict of Interest Rule
Phase Two, Dealing with Exemptions and Establishing Class-Action Right to Sue, Will See 18-Month Delay The Department of Labor (DOL) is implementing portions of the Conflict of Interest rule into two phases. Phase one took effect on June 9 and requires advisors and agents to act as fiduciaries, make no misleading statements, and accept only […]
In The Loop Newsletter August 16, 2017
Click here to view the August 16, 2017 edition of In The Loop