One lucky person in California matched all six numbers of the Nov. 7 Powerball drawing, granting them the right to claim the drawing's $2.04 billion jackpot. People only get the advertised $2.04 billion jackpot if they choose the annuity option, making the option appealing to some people. Powerball explains this on its frequently asked questions page.
Advisor News
Millennials, Gen Z using wider range of retirement resources than previous generations
Young workers are relying on more than their 401(k) plans to save for retirement, as other types of investments are playing a greater role in their long-term wealth plans, according a Schwab Retirement Plan Services study.
Nov. 16— Seattle police are investigating whether a man suspected of operating fraudulent equipment-rental companies in Pierce County has victimized other people near Seattle and Tacoma. Police said the suspect operated several businesses in Tacoma, Parkland and Spanaway. The names of those businesses include Truck Rentals Co., Bobcat Rentals Co., Anytime…
Inflation causing Americans to skimp on critical health care expenses, study finds
High inflation is causing many Americans to skimp on everything from buying groceries to paying for critical health care expenses, according to a recent Nationwide Retirement Institute survey.
Bad actors are using crypto assets to cheat consumers, officials said. It’s called “pig butchering” but it has nothing to do with a slaughterhouse.
Voya Financial is releasing new findings from a consumer research survey revealing that, while the broad scope of workplace benefits and savings offerings for employees continues to evolve, the employer-sponsored retirement plan remains a critical component to attracting and retaining talent.
‘Some of the best quarters for stocks’ may follow midterm elections, experts say
The midterms are giving the markets a much-needed boost now that the uncertainty surrounding who will control Congress over the next two years largely has been settled.
Chubb has introduced the Multiemployer Plan Fiduciary Liability Policy, the third generation of this fiduciary liability product, which is specifically designed to address the unique needs of multiemployer and multiple employer benefit plans, including Taft-Hartley funds.
10 tips for successful prospecting in a hybrid world
During the height of the pandemic, advisors were forced to use remote communications to reach existing clients and acquire new ones. Now that a sense of normalcy has returned, advisors are looking for methods to effectively prospect in today’s hybrid world.
Only 40% of Americans have “very much” or “somewhat” been able to achieve the retirement planning goals they have set for themselves, according to a new Retirement Readiness Survey by Thrivent.
Americans setting up for retirement failure, surveys show
As Americans save less and plan to put off retirement, they overestimate their ability to keep working into old age, according to studies.
GCG Financial, a full-service financial services firm, announced that it is changing its corporate branding to Alera Group.
A Falls woman has pleaded guilty to stealing from a Buffalo-based investment firm.
Nov. 13— BUFFALO— A Falls woman has pleaded guilty to stealing more than $500,000 from a Buffalo- based investment firm. Jennifer Campbell, 47, of the Falls, entered her plea to a single count of wire fraud during a Wednesday afternoon hearing before U.S. District Court Judge Lawrence Vilardo. In laying out their case against Campbell, before her plea, the prosecutors…
Unleash the power of the metaverse
By Panos Leledakis You’ve heard of the metaverse, but do you know what it is? And, to take it one…
JOHNSON CITY, Tenn.- The financially strapped owner of a Bitcoin mine in Limestone— who Washington County is suing— recently procured $2.25 million in promissory note financing as it tries to successfully go public while carrying what is now $60 million in debt and navigating falling Bitcoin prices. It's also an arguably important factor for county…
FTX is a cryptocurrency exchange founded by CEO Sam Bankman-Fried in 2019. The exchange issues its own token, FTT, and was the fourth-largest crypto exchange by volume as of Tuesday.Bankman-Fried also founded a crypto trading firm called Alameda Research; CoinDesk reported on Alameda's troubled balance sheet Nov. 2. Changpeng Zhao, CEO of rival exchange…
Founded in 2019, the Bahamas- based crypto exchange had a meteoric rise to prominence, and was valued at more than US $30 billion earlier this year. First, concerns emerged about links between FTX and an asset-trading firm called Alameda Research, including suggestions that customers’ funds have been transferred from FTX to Alameda. The majority owner of both…
Institutional investors still reeling from the impact of the COVID-19 pandemic know the risks of unlikely but devastating“ black swan” events, but many are ill-prepared for the ones they fear the most, according to a new survey from PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc.. Shehriyar Antia, Head of Thematic…
