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Why You Shouldn't Hire Your Parents' Financial Advisor


Why You Shouldn’t Hire Your Parents’ Financial Advisor
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Two business women at the cafe restaurant discussing during coffee break
Millennials and Generation Xers who need advice on retirement and tax planning should conduct research before choosing a financial advisor and not hire the one who worked with their parents.
The financial goals of Gen X and Gen Y do not always mirror what their parents faced, says Michael Solari, principal of Solari Financial Planning in Bedford, New Hampshire. Both generations are dealing with larger amounts of debt while also saving money for a down payment to buy their first home and accumulating money for retirement. ....

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How Financial Advisors Should Advise Clients on Bitcoin


How Financial Advisors Should Advise Clients on Bitcoin
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Financial advisor explaining concept to client
The rapid declines and rises of bitcoin prices draw more attention and queries about the value of the cryptocurrency, especially for financial advisors with clients who are unsure about allocating money to the digital currency.
Bitcoin remains the world s largest digital currency by market capitalization and reached an all-time high of $41,940 on Jan. 8. The extreme volatility of Bitcoin and lack of regulation has kept the majority of institutional investors, such as pension and hedge funds and retirement companies, at bay.
Between 2017 and 2018, billions of dollars of market cap were erased from hacking, regulatory orders and massive volatility. Bitcoin reached a high of nearly $20,000 in December 2017, but it plunged to about $8,500 in March 2018 and hit lows of around $6,000. ....

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