Linda P. Erickson Linda P. Erickson, CFP®, is the president of Erickson Advisors and a registered principal offering securities through Cetera Advisor Networks, LLC, 336-274-9403 [email protected]. The season of graduations is upon us. Mortar boards, proud parents and grandparents, smiles and expectations. Reflecting on the kinds of presents these grads will likely receive, I think of everything from watches [...]
Linda P. Erickson Linda P. Erickson, CFP®, is the president of Erickson Advisors and a registered principal offering securities through Cetera Advisor Networks, LLC, 336-274-9403 [email protected]. I have been telling clients for a while that we are likely to see increasing volatility in the stock market this year. Does this mean you should stay away? I believe not, but [...]
Saving for retirement carries a whole new meaning today. In 1950, there were 16.5 people paying into Social Security for every beneficiary. In 2010, that ratio became 2.9 to 1. As for pensions, they are rare these days. Employer-sponsored plans only pay up to 25 percent of your pre-retirement income. So it’s no longer enough to rely on these types [...]
Linda P. Erickson Linda P. Erickson, CFP®, is the president of Erickson Advisors and a registered principal offering securities through Cetera Advisor Networks, LLC, 336-274-9403 [email protected]. Fiduciary – “relating to or involving trust (such as between a customer and a professional; or relating to or involving a confidence or trust” or so says the Merriam-Webster online dictionary. There is [...]
Linda P. Erickson Linda P. Erickson, CFP®, is the president of Erickson Advisors and a registered principal offering securities through Cetera Advisor Networks, LLC, 336-274-9403 [email protected]. I grew up typing term papers on a typewriter (any Millennial reading this will have to look that one up), but now have a Smartphone, an iPad, and I use the Internet and [...]
The NC Securities Division has posted two updated resources on its website to help investors better understand the responsibilities and differences between various investment professionals. The first is an investor bulletin entitled “Making Sense of Financial Professional Titles” which explains the requirements for obtaining various professional titles. The second publication, “Cutting through the Confusion,” explains the differences between brokers, investment [...]
Two frauds in the Raleigh-Durham area were among those reported in the Secretary of State’s quarterly newsletter recently. Walter Ray Reinhardt of Durham was served with 62 felony arrest warrants for securities violations in 2010 for allegedly defrauding 16 victims in Durham County out of more than $1 million. He is currently in the Durham County Jail under a $4 [...]
The bulk purchase of an item can save a lot of money but it can cost you a bundle if you don’t establish a handful of sensible principles. If you stick to the following steps, you can save significant money with a bulk purchase. 1. Price-per-unit is king. Calculate cost per unit which requires you to figure out how many [...]
Beware of phone calls or mailings promising you a free trip or a huge discount if you call a 900 number. Many times you will be told you must pay a fee to join a travel club or to access the deal, finding it’s not free at all. To determine if a telemarketing deal is legitimate, the National Fraud Information [...]
Linda P. Erickson Linda P. Erickson, CFP®, is the president of Erickson Advisors and a registered principal offering securities through Cetera Advisor Networks, LLC, 336-274-9403 [email protected]. At the end of the year, I urge clients to think about how to lower their taxes for this year and next. Changes in the tax law this year have increased the capital [...]
