A study examined how much of a retiree’s nest egg should be invested into a longevity annuity to reduce the odds of running out of money in the later years of retirement.
Read moreAs a lump sum, health care costs in retirement can be frightening – even paralyzing. But the annual costs may be more manageable than you think.
The National Association of Retirement Plan Participants has released its annual ” Participant Trust& Engagement Study,” which shows that overall satisfaction with providers has declined by 24 percentage points in the past six years to a new low. NARPP says if participants were to trust their providers more, they would likely defer higher amounts to their…
Securing a reliable source of protected lifetime income is one way to help manage retirement risks and help clients alleviate a major retirement concern.
On Dec. 31, 2019, the Dow Jones Industrials will be at 27,847.82, the S&P 500 will be at 3,027.98 and the tech-heavy Nasdaq will be 8,354.88. During the tech crash Barron’s did a survey of 22 Wall Street experts and their predictions for the Dow and Nasdaq for 2001 and 2002. The great “perma bull” Abby Joseph Cohen of Goldman Sachs predicted in December 2007 that the S&P…
Survey data shared by TIAA shows more than half of respondents feel their parents’ financial planning for retirement has impacted their own, with almost half saying they have avoided taking on significant debt to remain in a better position to provide future assistance. At the same time, TIAA finds, 38% say they have adopted a more conservative approach to…
Investment planning and financial planning are often used interchangeably, but there’s a big difference between the two.
How to get started making some of the most important decisions a parent can make.
This month, my column covered bond basics– how they work and their proper purpose in a blended growth portfolio. But many see a 100% bond portfolio as a set-it-and-forget-it safe income generator. When Greece defaulted in 2012, bondholders suffered huge losses.
Experts from the National Retirement Planning Coalition are urging Americans to develop, review and/or revise their retirement plans. By doing so, they say Americans can still achieve their retirement goals. If you are not sure where to get started, below are five steps you can take to help you on your path toward a financially secure retirement.
By recognizing your pain points early on, you’ll be able to maximize success for yourself and your practice.
The decision comes a decade after the collapse of the infamous scheme.
A participant in the Greystar 401 Plan has filed a proposed class action lawsuit against the property management firm alleging it breached its fiduciary duties under the Employee Retirement Income Security Act by allowing excessive administrative and investment fees to be charged. It notes that in 2017, the Greystar plan submitted financial…
It won’t take long for funds managed entirely by robots to be everywhere. Two to three new ones will start trading each month this year.
And that advice still held true these past two weeks despite the roller-coaster ride for equities as the markets responded to President Trump’s ever-evolving efforts to address trade imbalances with China. Read: Until Trump’s trade war with China is over, it’s probably best you don’t look at your 401. That’s the case with New York resident Bill Pizzo and his…
A former congressman told an industry group he believes Congress is “co-partisan” when it comes to retirement security issues.
The Wall Street giant will use the Main Street advisory firm to further its mass-affluent strategy.
You’ll be surprised how many people end up leaving the workforce sooner than expected.
ESG investment strategies are on the rise, the Allianz ESG Investor Sentiment Study found, and the return on investment isn’t the only reason these in-demand investments are making waves with investors – it’s the emotional payoff.
May 15– May 15– President Donald Trump is a slave to the stock market, says Hank Smith, co-chief investment officer at Haverford Trust. So, will the president cave after the latest market drop and talk trade deals with China? The only way for a re-acceleration is if we remove the risks– trade war rhetoric needs to subside, a China deal needs to be made, and tariffs need to…
Two factors are prompting an upsurge in career changes.
Money permeates every facet of our lives. So, it makes sense that when investors are looking to hire someone for financial advice that they take it seriously. To help you get ready to field the tough questions from clients, here are four questions you should be ready and able to answer for potential clients:
Stock futures rose. President Trump said late Monday he sees China trade talks being “very successful” – soon. The U.S. set new tariff plans, escalating the trade war, likely hitting Apple.
The Insured Retirement Institute issued the following news release:. The Insured Retirement Institute will host its “ACTION19” conference in Washington, D.C. this week. William J. Kotapish, Assistant Director, Disclosure Review Office, Division of Investment Management, U.S. Securities and Exchange Commission.
Private insurers pay for less than 3% of care, according to the Department of Health and Human Services.
The moment the door closed for our meeting, our client Sarah, whom we’ve worked with for many years, said “We…
How to create the best setting and address strong emotions for tough conversations. Also, what not to do.
Each week MDRT and AdvisorNews bring readers advice on topics encompassing the financial services industry including case studies, practice management, tips for success and much more.
Our brains are programmed to avoid threatening situations. And death is the ultimate threat.
New research from the Financial Planning Association, Janus Henderson Investors and Investopedia explores the issue of stress among financial advisors and investors, its causes and what can be done. 71% of financial advisors and 57% of investors are currently experiencing an increase in moderate to high levels of negative stress compared to 12 months prior.
Millennials with very few assets and baby boomers with the bulk of America’s assets are both popularizing the use of exchange-traded funds, according to a new research report from mutual funds giant Vanguard. Assets in U.S.- registered investment companies rose in 2017 to a record level at year-end of $22.5 trillion.
Fed candidates must demonstrate that they prioritize the central bank’s independence. That means they’ll resist arm-twisting from the White House, and they will do unpopular things when it’s in the best interests of the economy. So who are good candidates for open seats on the board?
Not sure what to get Mom this Mother’ s Day? Instead of the usual chocolate, flowers or jewelry, Lincoln Financial Group’ s Love and Responsibility Survey found the gift that over half of all moms would prefer most is a contribution to their retirement account.
Among 1,315 U.S. adults ages 50 or older who are retired, or plan to retire in the next 10 years, finds that nearly half (44%) say Social Security will be their main source of retirement income, followed by just 23% of older adults relying on their pension. Many of those respondents believe they will be getting much more money than recipients receive today.
ETFs might seem like a blunt investing instrument, but they can wield considerable clout with their voting power, said Hortense Bioy, director of Passive Strategies and Sustainability Research, Europe at Morningstar.
Charts, plans and formulas can tell clients the right thing to do, but they will not get clients to do the right thing, according to Morgan Housel of The Collaborative Fund.
Morningstar estimates that just 25% of Americans are on track to have what they need for retirement. It is one of many studies showing the gap in retirement savings as Americans transition from defined benefit to defined contribution planning.
What are the most important factors prospective clients consider when selecting an advisor? Is it the same for all individuals? And is it the same today as it was a year ago or five years ago? If you haven’t asked prospects recently, their answers may surprise you. Knowing what matters to buyers is often more difficult for financial and professional services firms than for those selling more common, easily understood, and comparable products. And knowing how successfully you are communicating what matters is even more of a challenge.
Americans are spending a lot on things they don’t absolutely need, which comes at a cost of their important financial goals.
One of the most challenging roles financial advisors play is offering support and assistance after a client suffers a major loss.
Almost everyone I meet, after they learn I have written a book, tells me how they always wanted to write a book. A lot of financial advisors tell me that, too.
But why have so few actually written books?
The Dow Jones and other key market indexes sharply pared their losses in the stock market today, heading into the last hour of the regular trading session.
Many people spend more time planning a vacation than they do their financial lives. When going on vacation, we consider such things as travel, accommodations, activities and hopefully a budget. We study the weather, arrange for care of pets, place a hold on the mail and many other things.
Family structures have evolved from the traditional household of a father, mother, and one or more children under the age of 21 living together in a household. A variety of other arrangements— couples in same-sex marriages, unmarried couples with children, blended families, grandparents raising grandchildren, and of course, single-parent households— also…
In video 8 of the Rewirement series, Jamie Hopkins, Director of Retirement Research at the Carson Group discusses the concept of “Future Self.”
According to a new “Female Financial Empowerment” survey from Edward Jones, while women have made great strides in gender and income equality in the workplace, one of the biggest challenges they continue to face is their tendency to “prioritize immediate family needs” over saving for their own future. “Only 25 percent of women surveyed consider saving for…
WASHINGTON- Stephen Moore, a conservative commentator whom President Donald Trump had tapped for the Federal Reserve board, withdrew from consideration Thursday after losing Republican support in the Senate, largely over his past inflammatory writings about women. Trump tweeted the news of Moore’s withdrawal, only hours after Moore had told two news…
–New Vanguard research identified distinctive behavioral trends amongst exchange-traded fund investors, concluding that age and investment experience are the foremost drivers of ETF usage. Early ETF adoption among self-directed investors, published by Vanguard Center for Investor Research, examined the behavior of more than five million retail…
Each week MDRT and AdvisorNews bring readers advice on topics encompassing the financial services industry including case studies, practice management, tips for success and much more.
Three names making big moves on the charts today are hospice services provider Amedisys Inc, Pittsburgh- based United States Steel Corporation, and item identifying expert Digimarc. Amedisys stock has pared sharp intraday losses to trade near breakeven at $119.89. Interestingly, there was an unusual uptick in put buying in the prior days, with the 10- day…
Lyft went public March 29, and the stock almost immediately went into a steep decline as investors belatedly noticed that the company hadn’t made any money yet and didn’t have any clear plans to do so. On April 11, Uber filed the prospectus for its own initial public offering. The company said it commands more than 50 percent of the ride-hailing market.
George Nichols began his tenure as The American College’s president and CEO on Nov. 1 after a 17-year career with New York Life. He wants to see the school expand by breaking out of its insurance niche and focusing on financial services.
The use of 401 loans reached a nine-year low of 22.5% in 2018, and continued a steady six-year decline of nearly 10%, according to T. Rowe Price’s annual participant data benchmarking report, Reference Point. The report also found that the percentage of participants who took a hardship withdrawal fell for the ninth consecutive year.
The Federal Reserve begins its two-day policy meeting Tuesday, at the end of which no major rate action is expected– but some experts think one figure could be adjusted. Tuesday’s will be the Federal Open Market Committee’s third meeting this year.
Morningstar, Inc., a leading provider of independent investment research, today published its annual fee study, which evaluates trends in the cost of U.S. open-end mutual funds and exchange-traded funds. The study found that across U.S. funds, the asset-weighted expense ratio dropped to 0.48% in 2018, compared to 0.51% in 2017.
It’s almost impossible to save too much for retirement. After all, your clients could spend two, or even three, decades as a retiree. And retirement is not cheap even if you maintain a relatively modest lifestyle, some of your expenses, especially those involving health care, may continue to rise over the years.
The Federal Reserve this week will likely reinforce a theme that has cheered consumers and investors since the start of the year: No interest rates hikes are likely anytime soon. The prospect of continued low rates is keeping borrowing costs low for households and companies. It is helping drive record highs in the stock market.
Small business owners’ optimism is showing more signs of ebbing. That’s one of the findings of a semiannual survey of owners released Monday by Bank of America. Forty-eight percent of the 1,504 owners surveyed predicted that the national economy will improve over the next year, down from 55% in the survey taken last fall.
In video 7 of the Rewirement series, Jamie Hopkins, Director of Retirement Research at the Carson Group discusses risk tolerance.
Fifty-nine percent of those polled by AARP said it was only “somewhat likely” to “not at all likely” that the combination of their savings, investments and Social Security benefits would be sufficient to cover their financial needs throughout retirement. Only 41% of all respondents said their retirement assets are “very” or “extremely” likely to pay for their needs through retirement.
