Ayo Mseka has more than 30 years of experience reporting on the financial services industry. She formerly served as editor-in-chief of NAIFA’s Advisor Today magazine. Contact her at [email protected].
While most Americans will need some type of long-term care, a recent survey revealed that only 54% of financial professionals recommend or offer LTC protection to their clients.
Due to an increasing concentration of wealth, growth in taxable assets has surpassed the growth of retirement assets, a recent survey found. As a result, families with $2 million-plus now control $45.3trillion in investable assets.
The increase in the number of Americans who are facing a shaky financial future due to their lack of retirement preparedness is of grave concern to many financial professionals.
Although some high-net-worth individuals might want to self-fund their long-term-care needs instead of buying a long-term care insurance policy, self-funding is not always their best option.
Nearly one-third of U.S. auto insurance customers have experienced a rate increase during the past year, according to the J.D. Power 2023 U.S. Auto Insurance Study.
The retirement confidence of American workers dropped significantly last year, the largest, one-year drop recorded since 2008, according to a recent study.
An aging workforce, Generation Z, the growing demand for personalized investment advice, and financial wellness were cited as top disruptors of the retirement industry in a recent survey.