Financial Advisor Career: An Overview Becoming a financial advisor is the same type of career playground you see only rarely. Good (successful) financial advisors bring value to their clients. For that, they can expect almost limitless income, a flexible work schedule, and the freedom to choose a professional niche. But the career also comes with…

What Is a Trust Company? A trust company is a corporate trustee, agent or fiduciary that holds legal title for the benefit of a person or business for administration, management and ultimate transfer to a beneficiary or beneficiaries. The trust company is the custodian of trusts, estates, custodial arrangements, asset management, stock transfer, beneficial owner…

What the Fed’s Latest Hike Could Mean for Savers and Borrowers To access the from five to 20 highest nationwide rates across the board on any account type, click the related heading in the left panel. But will they go higher still? This is certainly possible — and even likely among a certain subset of…

What Is a 457 Plan? A 457 plan is a tax-advantaged retirement savings plan that is offered to certain employees of many state and local governments and of some nonprofit organisations. In many ways, a 457 plan is similar to a 401(k) plan, which is the retirement-savings vehicle most common in the private sector. It…

Defined-Benefit vs. Defined-Contribution Plan: An Overview Employer-sponsored retirement plans can be broken down into two broad categories: defined-benefit plans and defined-contribution plans. The names are self-evident – a defined-benefit plan, also known as a traditional pension plan, guarantees an employee a certain amount of payment in retirement. A defined-contribution plan provides employees with an opportunity…