fter living through previous financial crises and now balancing dual caregiving roles for children and aging family members, Generation X investors are feeling significant financial strain.
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Year-end Roth IRA conversions: What you need to know before the deadline
For those working with investors who are planning a conversion, year-end can be a smart time to consider such a move
The majority of Americans are working toward paying off debt and many worry that their debt will affect their financial future, according to the 2024 Annual Retirement Study from Allianz Life.
How starting a conversation with a stranger is like dating
Social prospecting involves being in the right place, making new social connections, getting to know people over time and introducing business when appropriate. It starts with that initial conversation.
How you can keep taxes from taking a bite out of your client’s retirement portfolio.
Year-end planning errors retirees should avoid
Year end is a great time to make sure retirement savings strategies are optimized.
Social cultivation: How to talk with wealthy prospects
Social cultivation is the name of the game when it comes to developing relationships with wealthy prospects.
How important is a written financial plan?
Financial advisory practices that incorporate comprehensive services, including a written financial plan, are more successful.
Coalition wants to advise people impacted by policy changes in new administration
An advisor is forming a coalition of professionals to support underserved groups and said he was inspired to do so by the Nov. 5 election results and concerns from clients about what policy changes a new administration and a new Congress could mean for them.
Diagnosing miscommunication in retirement planning
By Curtis V. Cloke When presenting a concern to a doctor, they typically ask questions to better understand symptoms and…
Election creates an opportunity for advisor/client dialogue
The post-election period provides advisors to engage in a discussion with their clients on financial issues that are impacted by the election and issues that are not.
Trump 2.0: Planning around uncertainty
While we should take the president-elect at his word and trust that he will do everything he can to ensure promises made will be promises kept, there are known unknowns.
Whether they have an advisor or not, men and younger generations are more likely to seek financial advice from social media.
Results from the 2024 Spending in Retirement study released today by the Employee Benefit Research Institute uncovered concerning trends on dampened spending expectations due to lack of sufficient savings, inflationary pressures and rising credit card debt.
Innovative financial literacy’s greatest hits
By Steve Oniya “An investment in knowledge pays the best interest.” — Benjamin Franklin The OM Investments’ Achieving Life and…
Gen Z not following the typical path to retirement
Many members of Gen Z are not following the traditional path to retirement, according to a study by the TIAA Institute.
Survey finds some support for DOL fiduciary rule
A new survey of financial professionals shows surprising and almost uniform support for the Department of Labor’s Retirement Security Rule
Results from the 2024 Workplace Wellness Survey published by the Employee Benefit Research Institute and Greenwald Research found worker concerns about well-being are trending downward, yet half still express at least moderate concern about their financial well-being.
Transferring generational wealth involves more than financial assets
Family dynamics, philanthropic goals and the family’s legacy all play a part.
More than half of those who are not yet retired say they expect their monthly income in retirement will need to be the same or more as their current monthly income to retire comfortably.
