Family Office & Billionaire Report - Empowering Family Dynasties

TORONTO — The Canadian dollar fell heavily Wednesday to close below 89 cents U.S. for the first time since mid-2009 as markets interpreted comments by the chair of the Federal Reserve to mean the U.S. central bank could raise interest rates sooner than thought. Speculation about Fed intentions came a day after the governor of the Bank of Canada, Stephen Poloz, indicated that interest rate hikes in Canada could be further away than thought.

One of the more delicate situations that we as financial planners come across is helping clients decide whether to lend their children money when that child comes asking.

Few, if any financial decisions are more personal or emotional then when a person must decide whether to say "Yes" or "No" to a child. Helping clients navigate through these emotional and financial decisions can really help save them from heartache and grief down the road.

The first question to ask your clients is whether they actually want to lend the money.

The junk-bond bonanza that���¢�¯�¿�½�¯�¿�½s doubled the market to almost $2 trillion since the credit crisis has Jeffrey Gundlach heading toward the exit.

Less than 12 months after saying the Federal Reserve���¢�¯�¿�½�¯�¿�½s stimulus and a plunge in defaults would support the market for speculative-grade debt for another four years, the head of DoubleLine Capital LP is trimming its allocations. With borrowing costs for the least-creditworthy companies approaching a record low, junk bonds no longer provide enough of a buffer from rising Treasury yields as the Fed scales back its bond buying, said Gundlach, whose firm oversees $49 billion.

���¢�¯�¿�½�¯�¿�½They���¢�¯�¿�½�¯�¿�½ve squeezed all the toothpaste out of the tube,���¢�¯�¿�½�¯�¿�½ the bond manager said in a telephone interview from Los Angeles.

You can cut back on vacations, but not on medication and therapy.

One out of every six women will develop the devastating memory loss of Alzheimer's in her lifetime – more than will get breast cancer, says a new study from the Alzheimer's Association.

If you convert pretax Traditional IRA savings to Roth IRA savings you gain two tremendous benefits. The first benefit is withdrawals from Roth IRAs are exempt (free) from income taxes.

Financial Advisor Magazine created exclusively for advisors by highly experienced editorial and publishing teams. We provide an interactive community for the Financial Advisor, Investment Advisor, Financial Planner, Financial Planning, RIA, Retirement Planning, ETFs, Alternative Investments, Investment News, Broker-Dealer, CFP, Wealth Manager. Financial Advisor magazine produces the Alternative Investment Strategies, Retirement Strategies, and Fiduciary Gatekeeper conferences. We also offer a variety of subscriber benefits including webinars and FREE subscription trials to valuable print and online products.

Financial Advisor Magazine created exclusively for advisors by highly experienced editorial and publishing teams. We provide an interactive community for the Financial Advisor, Investment Advisor, Financial Planner, Financial Planning, RIA, Retirement Planning, ETFs, Alternative Investments, Investment News, Broker-Dealer, CFP, Wealth Manager. Financial Advisor magazine produces the Alternative Investment Strategies, Retirement Strategies, and Fiduciary Gatekeeper conferences. We also offer a variety of subscriber benefits including webinars and FREE subscription trials to valuable print and online products.

Financial Advisor Magazine created exclusively for advisors by highly experienced editorial and publishing teams. We provide an interactive community for the Financial Advisor, Investment Advisor, Financial Planner, Financial Planning, RIA, Retirement Planning, ETFs, Alternative Investments, Investment News, Broker-Dealer, CFP, Wealth Manager. Financial Advisor magazine produces the Alternative Investment Strategies, Retirement Strategies, and Fiduciary Gatekeeper conferences. We also offer a variety of subscriber benefits including webinars and FREE subscription trials to valuable print and online products.