If you’ re a retiree dealing withMedicare, you’ ve just noticed that your increased Social Security benefit is being reduced substantially by rising costs for MedicarePartBandPartD, aswell as by increased costs for drugs thatmay be only partially covered by insurance. Andthis is just the start, according to anewreport by the Employee BenefitResearch…
News, trends and helpful peer advice for financial advisors.
For some, nothing to fear from taking RMDs, professor says
Clients may not be happy about taking required minimum distributions if they don’t need the money right now, but there are some ways advisors can help ease their concerns.
Turbulent market conditions and rampant inflation have forced investors to consider working after their retirement, according to a Nationwide Retirement Institute study.
The transaction includes a broad strategic partnership agreement aimed at aligning the interests of the two organizations, including an arrangement whereby Securian Financial will distribute its individual life and annuity products through Cetera’s affiliated financial professionals.
Study: Education level should drive decisions on Social Security, annuities
Less educated people tend to live shorter lives, so they should delay Social Security and use their retirement funds as a bridge, while better educated have longevity and should buy an annuity and not delay Social Security, according to a study.
The U.S. Attorney for the Northern District of California, Stephanie M. Hinds, issued the following news release on Jan. 24, 2023:. According to court documents, Dodson engaged in a scheme between November 2012 and May 2015 to defraud investors while serving as the executive chairman and managing partner of Citadel Energy Partners, which purported to provide…
The Securities and Exchange Commission issued the following litigation release involving Anthony B. Liddle:. The Securities and Exchange Commission today filed a litigated action charging Anthony B. Liddle, a resident of Wausau, Wisconsin, with defrauding at least 13 investment advisory clients of approximately $1.9 million. The SEC's investigation, which…
State Treasurer Dave Young led a discussion of the program this morning as he opened the portal. Colorado SecureSavings offers workers access to a Roth Individual Retirement Account that is managed by Vestwell State Savings LLC, which does business as Sumday Administration. Sumday and the Bank of New York Mellon have responsibility for day-to-day…
Last week, the Federal Reserve reported that lending activity is down in some parts of the country but up in others. At First Pacific Bank in Southern California, demand for loans has been pretty strong lately. "I did expect it to cool off a little bit with interest rates going up, but I think everyone's kind of taking that in stride," said Nathan Rogge, First Pacific…
How creating value will turn you into an introduction machine
When everyone profits. you have a sustainable relationship that will grow over time.
6 steps for financial advisors to create a successful marketing strategy
While market volatility, compliance pressures and a competitive landscape have created a challenging environment for financial advisors seeking new clients, a defined marketing strategy can lead to greater success, according to a recent Broadridge Financial Solutions survey.
The vast majority (82%) of Americans say they are worried about rising inflation continuing to have a negative impact on the purchasing power of their income in the next six months.
JPMorgan Chase filed a civil lawsuit last month against Charlie Javice, a 2013 graduate from the University of Pennsylvania's Wharton School and founder of the start-up Frank, a company that aimed to simplify the financial aid process for college students. JPMorgan bought Frank from Javice in 2021 for $175 million and made her its managing director for…
Save more, spend less and pay off debt are popular New Year’ s resolutions— and perhaps the ones most likely to fall by the wayside a few weeks into the year when reality sets in and expenses derail plans. But an early-in-the-year setback, like paying your health insurance deductible or the credit card bills after a costly December, doesn’ t have to knock you off course.
The pandemic and its aftermath don’t come with a historical playbook. We haven’t been here before.
Will ChatGPT, artificial intelligence replace financial professionals any time soon?
Will artificial intelligence replace financial advisors or insurance agents anytime soon? The consensus is that it won’t in the near future, but AI can provide some assistance and a little bit of fun in the meantime.
The region's highly skilled and educated workforce and the presence of leading health care, higher education and technology organizations here position New England well for the future, Federal Reserve Bank of Boston President Susan Collins said Thursday. But slowing population growth and labor challenges exacerbated by changes in the ways people work…
The attorney, David Sargent, 38, of Glenview, was found guilty of six counts of securities fraud, but acquitted of conspiracy to commit securities fraud. “It is impossible for a rational jury to have found that Mr. Klundt had not tipped Mr. Sargent, and yet somehow also found that Mr. Sargent was tipped,” attorney Christopher Grohman said. An indictment filed in January…
How one advisor built his practice through a Facebook group
When Andy Panko started his Facebook group, Retirement Planning Education, in April 2020, his goal was to grow the group to 1,000 members by the end of the year. Instead, he hit that goal in only a few months, and the group kept on growing to the point where it is at more than 37,000 members today.
Advisors share their secrets of success
Partnering with others. Deciding what you want more of in your life and in your practice. Solving your client’s biggest problem. Those were among the ideas that three top advisors presented during a National Association of Insurance and Financial Advisors webinar on “Transferable Sales Ideas from the Best in the Industry.”