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Baby boomers should have at least $1 million of investable assets to generate adequate income for the duration of their life expectancy, according to a report by the Insured Retirement Institute. Note, that figure doesn’t even include Social Security benefits.

A potential Biden presidency may mean a shift from some pro-growth policies of the Trump administration, it’s possible any negative market impact may be muted. Economic forces tend to dominate policy, though policy still matters, and historically, markets and the economy have shown little preference for either Republican or Democratic leadership.

Although about 13% of the U.S. population is Black, only about 5% of the advisor population is. A result of this disparity is that a large percentage of this demographic does not have access to the financial guidance they need to close whatever financial gaps they have, build wealth and achieve financial security.

These uncertain times and the worldwide financial impact have many people searching for a retirement strategy that will provide answers to those questions. Annuities may be the answer to retirees’ worries and offer the best way to build financial security for their future.

This surging level of interest and engagement in finance podcasts is a golden opportunity for advisors whose seminar and event marketing routines have been turned upside down by the COVID-19 pandemic.

Each presenter will be allotted a minimum of ten minutes in which to complete his or her presentation during a Sept. 3 public hearing, the DOL said. Depending on the number of people and organizations wishing to comment, the number of speaking slots might be curtailed, the DOL said.

The outbreak of COVID-19 has changed our lives forever. It has given us a new vocabulary, new lifestyle and a new outlook on what’s to come — both in and out of the workplace. It’s now time to plan for post-pandemic employee benefits.

Not only are people working from home, but also they are working on getting their affairs in order. Life insurance is part of this process and has become of increased importance for some people. On top of that, the marketplace continues to see change as carriers are repricing their products according to current conditions.

While claiming he has “no conviction” in the prediction, analyst Chip Roame predicts that President Donald Trump getting a second term over challenger Joe Biden. But if Biden does emerge victorious, “all bets are off” when it comes to regulation of insurance product sales, he added.

Many advisors, new and seasoned, are looking for a mentor to help guide them into the next step of their career. No matter how much success you’ve achieved, there is always potential to reach the next level in your expertise.

The Supreme Court will hear oral arguments in a Trump administration-backed lawsuit to strike down the Affordable Care Act one week after Election Day. The case against the ACA is led by Texas and a group of Republican-led states. California and a group of Democratic-led states are defending the law.

When it comes to the economy, consumers are similarly split along political lines, LIMRA reports in a new survey. Sixty-eight percent of consumers who identify as liberal continue to be highly concerned about the economy while just 44% of conservatives show this level of concern.

The U.S. central bank has found in a recent study that the rising monopolistic market power of dominant American companies is leading to an array of economic ills, such as income and wealth inequality. The 41-page report, titled ” Market Power, Inequality, and Financial Instability,” spells out where companies are impacting the economy.

Only one in five of the 143 largest statewide public retirement systems in the U.S. are resilient, a new analysis published by the bipartisan nonprofit Equable Institute shows. And five states California, Illinois, New Jersey, Pennsylvania and Texas account for more than 50 percent of unfunded liabilities.