Conflicts-of-interest between financial advisors and their own clients remains a major problem in the financial services business since it costs investors billions and violates the fiduciary standard, according to author Chuck Epstein. “Conflicts-of-interest are common, especially in the mutual fund industry where fund companies pay investment professionals a fee, called
It’s 2012 and close to four years after the Lilly ledbetter Fair Pay Act was signed into law. Surely, the gender wage gap has been closed, right? Wrong. Even with moves toward equalizing pay between men and women, men still make almost 20% more than women in nearly all industries.
As Congress debates tax rates and potential cuts to entitlements, many Americans face the longer-term reality of a financially uncertain retirement plagued by historically low investment returns, politically-motivated attacks on Social Security and Medicare, and stagnant wages. Recovery Times To Recoup A Housing Price Loss The trillions of dollars lost