Michael Kitces

Commissions-based compensation models are losing ground to fee-based ones. But for broker-dealers, the switch isn’t something to be entered into lightly, Michael Kitces writes.

So-called reverse mortgages present a number of appealing features for borrowers — and a number of confounding tax implications, Michael Kitces writes.

Without diversifying cash flows across four key categories, retirees might be taking on too much risk, Michael Kitces writes.

Spouses on either side of the split can benefit — or lose — based on their claims strategies.

They handle the trading, rebalancing and overall management of portfolios — freeing advisers to face their clients. But not everyone wins, as Michael Kitces writes.

It’s time to consider payment schemes that are more transparent and better aligned between who pays the cost — and who enjoys the benefits.

Advisers often use one number to determine a client’s appetite for — and ability to absorb — market risk. And that’s a problem, Michael Kitces writes.

How advisers can help overcome their irrational expectations.

Avoiding these mistakes with a small business is essential.

Changes can substantially reduce the value of delaying widow(er) benefits for surviving spouses.