Financial advisors can use mobile wealth management apps as a means to increase client engagement and satisfaction, a recent study found.
Only one in five affluent investors uses the same advisor as their parents, according to a recent Cerulli Edge study.
Social Security and Medicare may have begun with the general intent of providing welfare and assisting older adults with inadequate income, but they morphed into an entitlement not always connected to being needy.
A majority of advisors are experimenting with generative artificial intelligence in their practice and educating their clients on potential risks of online misinformation.
Financial advisors can use mobile wealth management apps as a means to increase client engagement and satisfaction, a recent study found.
Only one in five affluent investors uses the same advisor as their parents, according to a recent Cerulli Edge study.
WASHINGTON- Inflation is slowing steadily, but it's too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said. WASHINGTON- Americans could have a harder time finding electric vehicles that qualify for a full $7,500 federal tax credit under new rules being proposed. They limit electric vehicle buyers…
About 61% of American households have an average credit card balance of $7,486, according to NerdWallet's 2022 American Household Credit Card Debt Study. That's the largest jump in more than 20 years, according to the Federal Reserve Bank of New York. It's estimated that U.S. households will pay an average of $1,380 in credit card interest this year, according to…
For 35 years, Angela Jemmott and her five brothers paid premiums on a long-term care insurance policy for their 91- year-old mother. But the policy does not cover home health aides whose assistance allows her to stay in her Sacramento, California, bungalow, near the friends and neighbors she loves. Her family pays $4,000 a month for that.
Interest in leveraging artificial intelligence is high, with majority of advisors using it for employee onboarding practices.
If your children are grown and your mortgage is paid off, do you still need to carry life insurance? It depends on your situation, but for many people, a cash-value life insurance policy, such as whole life or universal life, can be a valuable, tax-efficient source of retirement income. And by drawing on the cash value of your policy, you might be able to tempo rarily…
Social Security and Medicare may have begun with the general intent of providing welfare and assisting older adults with inadequate income, but they morphed into an entitlement not always connected to being needy.
Financial advisors believe that generative AI — as it develops and matures — could be a game changer.
Artificial intelligence may not be the threat that some in wealth management assume it to be – at least, not according to younger financial advisors.
Knowledge is power- especially where money is concerned. Every day, families across the U.S. have to make difficult decisions about budgeting, spending, insurance, investments, savings, retirement and on and on. When faced with these choices, financial literacy– that is, knowing how to make informed decisions about money– is key.
That's why it's important for business owners to begin thinking about how Social Security fits into their retirement planning. Social Security benefits are part of the retirement plan of almost every American worker– including business owners. Our publication, If you are self-employed, at www.ssa.gov/pubs/EN-05-10022. pdf, provides important…
—Deutsche Bank viewed Donald Trump as a“ whale” of a client, was eager to land him and eagerly cultivated a relationship that grew from $13,000 worth of revenue to $6 million in two years, according to documents presented Wednesday at the former president's civil fraud trial. “We are whale hunting,” then-bank managing director Rosemary Vrablic wrote colleagues in…
KKR’s deal to acquire the remaining 37% of Global Atlantic Financial Group is part of a larger plan to power up the investment firm’s overall earnings, executives said Wednesday.
It's the season of the year when thoughts turn to charitable gifts and IRA required minimum distributions. With deference to turkeys, this is a classic case of being able to kill two birds with one stone! You know you must take an required minimum distribution before year-end from all retirement accounts, once you have reached age 73.
I'm interested in contributing to a health savings account to help boost my retirement savings but would like to better understand how they work. To qualify, you must have a health insurance policy with a deductible of at least $1,500 for an individual or $3,000 for a family in 2023. In 2024, the deductible rises to $1,600/ individual or $3,200/ family.
Wellness has six dimensions and we must pay attention to all of them if we are to attain focus.
When you stop working for a living and have to rely on your savings to fund your retirement, it can be stressful. Social Security is a cornerstone of working Americans' financial plans, so it's important to get it right. Social Security offers a reliable stream of income that you can't outlive, but you'll need to consider the best way to file and how you can max out…
His forecast in September 2022 that 10- year Treasury yields could rise to 5%, leading to "mortgages at 8.00%" proved prescient. In October, the 10- year Treasury and mortgage rates both reached his 5% and 8% targets, causing home buying to stall. The Federal Reserve has a dual mandate to enact policies that keep inflation and unemployment low.
