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Corporate reform laws have radically recast the role of the board's audit committee, particularly in its relationship with the outside auditing, firm. What was once ooze; open, long-term teamwork has [...]

The article offers information on having a proper investment strategy. Topics discussed include issues related to recent volatility in the stock market, adopting a proper investment strategy with investing in a highly diversified portfolio of stocks and then holding them for a very long time and ignoring the short-term fluctuations in the market and making investment in a diversified group of real companies.

The article offers tips on avoiding deals by banks and credit card companies which try to trap customers. The author suggests that one should not fall prey to offers sent in the mailbox which contain money borrowing schemes on zero percent interest for a period of time. According to the author, the zero percent offers come with a one-time fee of 2-5 percent. The author says that after borrowing a significant amount at zero percent, further indebtedness is incurred at the usual interest rate.

The article discusses the economic principle of investing that there is no such thing as a bargain. It presents an account that helps shed light about how markets work and reflects the lesson about how mispriced items disappear in a well-functioning marketplace. Also tackled is the influence of the tension between buyers and sellers on proper pricing.

The article offers suggestions for hiring a financial manager to manage money. Topics discussed include having quality to fulfill fiduciary duty while dealing with investors, avoiding unsuitable investments by financial advisors to their clients and written documentation of the advices from a fiduciary regarding management of money.

The article presents suggestions to save insurance money invested in insurance companies. Topics discussed include the advice to increase deductibles, suggestions to not insure against alien invasions and recommendation for self-insurance. Other topics include role of insurance to address issues of financial risks and need of insurance premium coverage.

In this article, the author offers suggestions for retirement planning which include 401 (k) workplace retirement and individual retirement account (IRA). Topics discussed include to do the tax-deferred savings plans as interest-free loans to supercharge the investment, advantage of tax-deferred plans and tax on investment gains. It also mentions to the investor depends on future rates of return and taxation.

The author presents financial planning tips related to managing Social Security benefits of citizens in the U.S. The author suggests that individuals should delay receiving Social Security benefits as long as possible in order to maximize benefits, which increase by approximately eight percent each year after reaching retirement age.

The article discusses various ways in which financial advisers can pose risks to their clients. Advisers can exploit client's investing activities to their own advantage, and steer clients toward relatively expensive investment options. An adviser may not be competent, insofar as there is no universally acknowledged credential for acting as an adviser. The author recommends that at a minimum, clients obtain a written statement that their advisers are assuming a fiduciary responsibility.

The article explains why consumers investing for the long term should commit most of their portfolios to stocks. Finance professor John H. Cochrane says that over long periods of time stocks have outperformed bonds, real estate, and other asset classes. Stocks are not recommended, however, for cash that will be needed within a relatively short period of time.

The article discusses the importance of saving money for one's future and retirement. Topics include the role of putting away money on a regular schedule in saving, statesman Ben Franklin's achievement of saving money over a lifetime, the act of saving as an ancient idea, and the effect of savings on one's peace of mind.