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Straight talk from the money editor
Cyberattacks are a major concern for financial advisors, with 88% of firms identifying "cybersecurity/privacy/identity theft" as their main worry, according to a recent survey. As an investor, here's the question you need answered: Is your advisor prepared to protect your money from a cyberattack? One financial expert urges investors to ask if their advisor has set up policies and procedures to mitigate the risks of an attack. How your personal data is protected should be part of the client-advisor conversation. To find out how your data is protected, ask your advisor these pertinent questions: Where will my data be stored, and who will have access to it? What happens to my data after our relationship ends? Last week we asked, Do you make minimum payments towards your credit cards? Remarkably, 79% of you said you pay off your balance completely each month. Kudos! Only 4% said they make the minimum payment. These results brought a big smile to my face. For more cool stuff like this, follow me on Twitter @jimpavia. |
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Can your advisor protect your money from a cyberattack?
With financial services a prime target for cyberattacks, many financial advisors say electronic safety of personal data and assets should be a priority. |
Fake email transfers are fooling brokerages into sending cash
Fraudulent wire transfers by email hackers are a constant headache. Here's how to protect yourself. |
New model may change your credit score
A new model from VantageScore will change how lenders calculate your credit score. But don't change your behavior just yet. |
Family needed $3 million to care for autistic son
Roberto and Carol Fernandez need to provide for their child for the rest of his life. Here's how they're doing it. |
The three biggest myths about how Social Security works
More than two-thirds of workers surveyed by Fidelity said that they understood the rules of the retirement program. Yet most failed to grasp these basics. |
Five ways to save more on car insurance
Poor credit can affect your car insurance premiums more than having two DUIs. Use these tactics to keep costs low. |
Seniors should weigh pros, cons of reverse mortgages
Reverse mortgages can help retirees stay in their homes and reduce expenses, while offering more flexibility than regular mortgages or home-equity loans. |
A popular retirement strategy that can backfire
Retirement planning falls prey to magical thinking for many people. Don't let it mislead you, too. |
Are you prepared for a sudden windfall of wealth?
Won a windfall? Go slow, work with experts, figure out how much you can spend and then stay on track. If you still have problems, work with a therapist. |
There is no Obamacare repeal and there is no wall
"Donald needs a win. Tax cuts are feasible, popular and can be pulled off without another humiliation ... " |
 | Sharon Epperson | |  | Josh Brown | |
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