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On June 5, the opening day of the 2019 PLANSPONSOR National Conference, David N. Levine, a principal with Groom Law Group, and Robin M. Solomon, a partner at Ivins, Phillips& Barker, discussed the Setting Every Community Up for Retirement Enhancement Act, which recently passed the House by a practically unanimous margin of 417&# x2013; 3.. Solomon said the House bill is not…

In video 9 of the Rewirement series, Jamie Hopkins, Director of Retirement Research at the Carson Group tackles “bucketing.”

The American economy is showing signs of cooling, and Wall Street is counting on Jerome H. Powell, the chairman of the Federal Reserve, to come to the rescue. Just last month, Fed officials agreed to leave rates unchanged as Washington’ s trade war with China seemed on the brink of being resolved. But Mr. Trump renewed his fight just days after that April 30 and May 1…

How you govern the organization and the strategies you use for bringing people together may evolve. The values and ethics on which your organization was built remain  at the center of your culture.

After a tumultuous week ended May 10 on an up note, it seemed U.S. stocks might escape the trade spat with only bruises. Maybe the U.S. and China won’t come to terms. JPMorgan Chase& Co’s head of cross asset fundamental strategy, John Normand, warned that stocks could fall another 10%.

The Labor Department released its latest estimate of hiring and unemployment on Friday morning. Employers added 75,000 jobs last month, a disappointing showing that will stoke fears the economy is softening as the Trump administration’ s trade war with China and potentially Mexico escalates. The Federal Reserve has signaled that it would consider a rate cut…

From Simple IRAs and Solo 401(k)s and SEP IRAs, small businesses have many retirement savings options to choose from. Here are the basics to get started.

TD Bank, a financial services company, issued the following news release:. Retirement can come with mixed emotions- a culmination of one’s professional career to celebrate, as well as the uncertainty and anxiety about life’s next chapter. “High net worth business owners face a myriad of challenges when it comes to their financial security in retirement,” said Ken…
The financial services industry responds to Reg BI's impending roll out.

Just one year after the Department of Labor fiduciary rule was vacated, the financial services industry is again reeling and rejoicing (depending on where you are in the industry) after the Securities and Exchange Commission’s approval of Regulation Best Interest and its subsequent rulings.

If you own a business, you’ve always got plenty to think about: sales, marketing, employees, competition, industry trends, consumer preferences the list goes on and on. It’s easy to get so caught up in your work that you might not take time to think about retirement. But if and when that day arrives, you’ll want to be prepared which means you need a business succession…
The SEC votes on Reg BI.

The three-fold rulemaking package, which debuted last April went up for a vote this morning as Chairman Jay Clayton and Commissioners Elad Roisman, Robert Jackson, Jr. and Hester Peirce gave their final thoughts on the matter before the vote.

“If you aren’ t thinking about the rate environment in two or three years, you can do drastic damage to the net income profile of your institution,” said Dan Flaningan, chief strategic officer at the $12.1 billion- asset Bremer Bank in St. Paul, Minn.. The Federal Reserve indicated this month that it is likely to stay put on rates indefinitely amid mixed signals on the…

CHICAGO— Federal Reserve Chairman Jerome H. Powell, eyeing the potential for President Trump’ s trade war to inflict damage on the United States economy, said that the central bank is prepared to act to sustain the economic expansion if needed. “We do not know how or when these issues will be resolved,” Mr. Powell said of ongoing trade disputes between the United States,…
Over a year later, the SEC is holding its vote tomorrow on Reg BI.

The Securities and Exchange Commission is voting tomorrow on a three-part rulemaking package containing regulation best interest.

Stock markets began the week modestly lower, as events since Friday showed little sign of easing trade tensions between the United States and its partners. President Trump’ s threat to impose tariffs on goods from Mexico unsettled markets in the United States on Friday. On Sunday, China issued a defiant note with a white paper blaming the United States for…

Across the financial planning profession opinions vary greatly about what is appropriate attire for meeting with clients, attending conferences with their peers and leaving their own personal mark on their style.

Shannon Ramirez was scrolling through LinkedIn when she came across an ad touting a program by health-care company Abbott that enables employees to pay off their student loan debt faster while still saving for retirement.

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.

While President Donald Trump and congressional Republicans continue to credit their tax law for the growing economy, it turns out that the legislation may have had little to do with it. So says the Congressional Research Service, the nonpartisan experts who provide information to federal lawmakers. A Monmouth University poll released last month said only…

The U.S. Supreme Court will not review an appellate court ruling inWhite v. The plaintiffs/appellants argued in their Supreme Court appeal that the 9th U.S. Circuit Court of Appeals, in affirming a lower court’s dismissal of the lawsuit, imposed overly strict pleading standards that conflicted with its own decisions as well as those of other circuits.

A recent Kiplinger article, “5 Big Problems to Solve Before You Retire,” lumped financial advisers into two camps. “There are those who promise everything is going to be fine; you don’t have to fret about retirement, they say, because they’ll help you make more than enough money to get you through. And then there are the hand-wringers who just can’t stop with the…

It’s been bonds, not stocks, that have drawn major investment this year and municipal bonds have attracted particularly large and consistent inflows. What’s happening: Thought of as a slow and sleepy asset class preferred by retirees and risk-intolerant savers, muni bonds saw record inflows during the first quarter. The flows were spurred by the Tax Cut and Jobs Act, a reduction…

Income investing is supposed to be like watching a predictable movie that you’ve seen a dozen times before. Over the past few years, most income investors settled back with their popcorn for a long period of rising interest rates, believing the Federal Reserve would slowly but surely hike rates back to more normal levels. The Bloomberg Barclays U.S. Aggregate…

Cleo Parker had a simple plan before retiring: She would work well into her 60 s as a marketing analyst in the automotive business. But recently, she has been searching for a Plan B. In 2006, just as she was about to turn 50, Parker’s longtime marketing job with a Detroit- area advertising agency was eliminated.

An IRA is a retirement savings account, right? IRA stands for Individual Retirement Arrangement. Withdrawals from such accounts are tax free as long as they are used for qualified educational expenses, but if the money is withdrawn for other purposes, the Internal Revenue Service defines the distribution as taxable income.

For the first time since 1982, the costs of Social Security are projected to exceed its income in 2020 according to a recent report issued by the trustees of Social Security and Medicare. This fund is expected to be depleted by 2035, at which time Social Security will no longer be able to be paid out at its full scheduled amounts without additional funding from…

Many of the people we serve seek our help as financial advisors because they’re not able to process financial information the way we can. Many new advisors react to this skills gap by attempting to close it.
This desire to share their professional expertise is laudable, but can overwhelm clients and cause them to turn for help elsewhere.

Stocks tumbled Thursday on Wall Street as investors’ anxiety over the U.S. trade spat with China increased and put the market on track for its third straight week of losses. The Dow Jones Industrial Average fell as much as 400 points. Technology stocks, banks and energy companies led the decline. Energy stocks fell along with a steep drop in oil prices. Apple, Microsoft and chipmakers fell. Investors fled to safer holdings, including utility stocks and bonds.

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…

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…

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.