Allianz Life’s 2023 annual consumer survey of Americans’ views on retirement planning found that diverse Americans are re-engaging with professional financial advisors in 2023, rebounding from a drop reported in 2022.
News, trends and helpful peer advice for financial advisors.
According to court documents, in 2005, Roberto Gustavo Cortes Ripalda, 56, of Key Biscayne, founded financial services company Biscayne Capital. For example, Cortes and his co-conspirators told clients that their investments would finance the development of real estate projects, when in fact, Cortes and his co-conspirators used the money to pay other…
Inflation can have a significant impact on investments. Here's how inflation affects various types of investments and some strategies to mitigate its effects:. *Purchasing Power Erosion: Inflation erodes the purchasing power of money over time.
Insurance companies handle vast sums of money, known as premiums, paid by policyholders. They must invest these funds wisely to ensure they can cover claims and expenses and still make a profit. The challenge is compounded by factors such as inflation and skyrocketing expenses.
On September 6, 2023, United States District Judge Eldon E. Fallon sentenced ASHTON J. RYAN, JR., age 75, of Kenner, Louisiana, to a term of imprisonment of 170 months following RYAN's convictions for bank fraud and making false statements in bank records, announced U.S. Attorney Duane A. Evans. When the Bank's Board, external auditors, and FDIC examiners asked about…
CFP Board of Standards announced that its Board of Directors has issued proposed revised Sanction Guidelines and Fitness Standards for public comment.
Research found that as younger workers aged and accumulated larger account balances, they experienced an increased likelihood of taking a 401(k) plan loan.
Wealthy Americans don’t sit back and assume they have nothing to be concerned about financially, according to the latest findings from Northwestern Mutual’s 2023 Planning & Progress Study.
The founder and CEO of Tadrus Capital, LLC, Mina Tadrus, has been charged with wire fraud in what appears to be a disturbing trend of old crimes dressed in new technological clothing. Following his arrest, Tadrus made an appearance in federal court in the Middle District of Florida, securing his release on a $100,000 bond. According to U.S. Attorney for the Eastern…
California’s insurance commissioner puts long-term care insurers and agents on notice for spreading misleading marketing materials and emails.
According to data presented by AltIdex.com, Americans invested an average of $70,000 via robo-advisors last year, five times more than Europeans and nine times more than Chinese.
Retirement planning is not unlike a highstakes football game, where each decision you make leads you closer to, or further from, your end goal. Safe money investing is akin to those strategic plays that drive the team methodically down the field, prioritizing safety and consistency over flashy maneuvers. It focuses on protecting the principal while still…
Flexible Lifestyle Spending Accounts , or LSAs, have experienced double-digit increases across companies of all sizes, a recent study found.
Only 10% of non-retired Americans will wait until 70 to receive their maximum Social Security benefit payments, according to a recent survey.
After a long successful career, it may feel like you're prepping to defend your own Super Bowl title in retirement. If you're preparing for retirement, you can take some lessons from how the Kansas City Chiefs prepare for the 2023 season. This is just like the Chiefs preparing to win another Super Bowl.
In honor of Labor Day, here’s a story that illustrates the value and service insurance agents and financial advisors provide every single day.
Divorce already makes finances complicated. Here is how to avoid making them even more so.
Transamerica aims to grow its retirement business, providing recordkeeping and investment services for U.S. defined contribution plans and advice to plan participants.
Last year, inflation was high, and most were concerned that ongoing Federal Reserve rate hikes would spiral the U.S. economy into recession. The bullish backdrop caught many investors off guard, but Fundstrat's Tom Lee wasn't one of them. The Fed may be done raising rates.
Nearly 10 months after Lincoln businessman Aaron Marshbanks was found dead under suspicious circumstances, some things are becoming clearer in what is perhaps the largest bank fraud case in state history. Another $22 million in claims, concerning other loans that were secured with rental properties, have been resolved by the sale or return of real estate—…