Investment markets are in a challenging period in which large swaths of the stock and bond market have lost value. You may have noticed the impact of this on your own workplace retirement savings plans, such as 401 or 403 accounts. While watching the value of your portfolio drop is never easy, investors must understand that markets can be volatile over short…
News, trends and helpful peer advice for financial advisors.
In some high-cost parts of theUnited States, the homes seniors bought years ago for a modest amount are nowworth $1 million or more. But owning ahomeworth $1 million isn’ t the same as having an equivalent amount of money in the bank. To cash in on the rise in your home’ s value, you usually need to sell— somethingmany retirees are reluctant to do.
Top advisors have one thing in common – they all are on a lifelong journey that begins in the mind.
Retirement is a significant milestone for every couple. The days of making college tuition and mortgage payments are hopefully over. It's now time to throttle back and enjoy the good life.
Brad Rhodes: Will your student loan debt last into retirement? Student loan debt is a growing problem in the United States, with many people struggling to pay off their loans well into their retirement years. According to a report from the Consumer Financial Protection Bureau, the number of older Americans with student loan debt has quadrupled over the past…
As older Americans are increasingly the target of financial fraud, a bill to project against senior scams is headed to…
Retirement is a monumental life goal, one that most Americans keep their eye on throughout their working life (and rightfully so!).
Your clients have two questions they need you to answer in the wake of the recent bank failure news.
Advisors are slow to embrace digital transformation, despite investing more than other segments. So, unless they quickly embrace change, hard-won progress could stall.
Women of color in the U.S. are committed to writing their own financial narratives to create better outcomes than those who came before them, according to new research from Edelman Financial Engines.
In December 2021, Iwrote a favorable review ofWade Pfau’ s "Retirement Planning Guidebook" published byRetirement Resources. Pfau has produced a second edition of his book, which addresses all the major regulations passed since then. The book covers investments, withdrawal options, annuities, Social Security, Medicare, health insurance, long-term care options,…
U.S. mortgage rates rose this week for the first time in more than a month, at least a temporary setback for would-be home buyers and a housing market already reeling from more than a year of interest-rate hikes by the Federal Reserve. Mortgage buyer Freddie Mac said Thursday that that average fixed-rate 30- year mortgage edged up to 6.39% from 6.27% the week…
Nearly two thirds of U.S. households are now involved in intergenerational wealth transfer, with growth seen in both wealthy and lower-asset households.
Why do consumers trust some financial institutions more than others? And what leads to that trust?
U.S. public sector pension plan managers are convinced the American economy is on the path to inflation moderation, new research from Ortec Finance shows.
We often receive financial advice about the importance of retirement planning but less about what to do with our money once retirement arrives. If you are retired or will be soon, here are some tips to make your money go further. This includes Social Security benefits, employer-sponsored benefit plans and personal investments for many people.
According to the Employee Benefit Research Institute, couples 65 and older will likely need between $212,000 and $383,000 to cover their health care costs in retirement. Earmarking nearly $400,000 right out of the gate is a little extreme, if not nearly impossible, for most. First, realize that retirement can last 20 to 30 years, so most investors are looking at…
More than three-quarters of Americans wish they had more financial literacy in topics like saving, investing, retirement, and budgeting, a recent study finds.
Singer and megastar Taylor Swift is the lone celebrity pursued by disgraced cryptocurrency developer Sam Bankman-Fried who asked the right questions about FTX, an attorney suing SBF said Tuesday.
Against a backdrop of economic challenges, adults are beginning to feel less positive about the current state of their finances in 2023, according to the latest findings from the New York Life Wealth Watch survey.