New research published by the Employee Benefit Research Institute finds that younger workers continue to change jobs at high rates but were more likely than workers from an earlier generation to be eligible for an employer-sponsored retirement plan after changing jobs.
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Business and government leaders gathered at the Bank of America Corporate Center for a community roundtable discussion Thursday. The tax is expected to generate $19.4 billion over the next 30 years, according to the Charlotte Area Transit System. Robert McCutcheon, CEO of Charlotte Regional Business Alliance, said the investment could lead to a 1.7%…
Vince Fong, Jay Obernolte, and members of the California delegation in sending a letter to Governor Gavin Newsom and California State Medicaid Director Tyler Sadwith expressing concerns about the state's revised health care tax, which would raise healthcare costs for millions of Californians already struggling with the rising costs of healthcare.
How executive benefits impact an estate plan
Advisors increasingly deal with executive benefits when creating an estate plan for business executives.
Tensions in the Strait of Hormuz are heightening energy security fears and pressure on businesses, while surging demand from energy-intensive technologies is making investment in alternative energy urgent, as 73% of US executives say uncertainty is stalling transition investment.
A new era at the Federal Reserve
Now that he has been confirmed by the Senate, Kevin Warsh will step into a role closely watched by world and business leaders.
What advisors need to know about the life settlement boom
As the cost of living puts greater pressure on household budgets, the market for life settlements continues to grow as well.
Report: Many Americans paying up to 45% of annual income on auto loans
Americans are carrying nearly $1.7 trillion in auto loan debt, more than $13,800 per household. Experts say that isn’t a good recipe for financial success.
Yet Sacramento continues to favor government spending over real relief. Despite historic revenue gains exceeding $60 billion above initial projections, the budget relies on accounting gimmicks, new tax hikes and withdrawals of more than $14 billion from the state’ s Rainy Day Fund to achieve balance. This will add an average of $400 per year for a family of four…
What advisors and clients must know about Roth conversions
Roth conversions are among the most popular retirement planning strategies, but the rules surrounding them are increasingly complex.
Worker retirement confidence dips to lowest level in a decade
Worker confidence in their retirement readiness reached its lowest level since 2017, and healthcare concerns, along with a decrease in savings, are driving that decline in confidence.
What’s behind private equity investment in insurance brokerages
U.S. insurance brokerage deal volume has increased dramatically over the past 10 years, and that increase is primarily driven by private equity investment.
Advisors get a win as NJ Senate passes independent contractor bill
The New Jersey Senate is considering legislation to clarify the choice of independent contractor status for certain professionals, including financial advisors.
Why federal retirement benefits are more complex than advisors realize
Federal retirement benefits can be far more complex than those in the private sector, advisors say.
Why timing the market is still a retirement mistake and what to do instead
Financial experts agree that clients should forget trying to time the market and instead focus on solid planning and risk tolerance.
Business owners may be overlooking a key part of their financial picture
Business credit can be easy to overlook because it usually does not create urgency until a company needs something.
How smart investments prepare clients for inflation
A new survey finds that 80% of American consumers are at least slightly concerned about the onset of a recession.
But as Newsom and leaders of the Assembly and Senate hash out their final budget agreement, the tax increase with the most momentum in those negotiating rooms is one that is likely to fall largely on everyday Californians in the form of increased costs for private health insurance monthly premiums. The money raised is not set to go into the state’ s Medi-Cal…
The biggest risk to your clients’ financial plans isn’t market volatility
Health-related income risk remains largely outside the financial planning conversation.
Initiative looks at how caregiving impacts workplace benefits
Caregiving is reshaping the workplace, employee benefits and long-term financial security.
