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…
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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.
Will rising retirement needs spark an annuity boom?
Research suggests the average American believes they need nearly $1.5 million in savings to comfortably retire.
Living longer, retiring poorer: Why fragmented systems are failing Americans
Americans are now living around 10 to 15 years longer than before, but many still haven’t adopted financial planning to match that longevity.
Women feel respected by advisor, but many could do without the “mansplaining.”
How PEPs compare with traditional 401(k)s
How pooled employer plans compare with traditional single-employer 401(k)s.
Allianz studies why 42% of Americans retire sooner than expected
According to a new Allianz study, 54% of Americans say they would retire immediately if they won the lottery.
Why advisors should be talking about life settlements
Recent five-year data from the Life Insurance Settlement Association tells an interesting story about the life settlement business.
Millennials are ready to bring their advisor to the family table
Younger investors want an advisor to serve as a facilitator for cross-generational retirement and financial planning discussions, while older investors are largely declining to take that step.
How healthcare inflation can eat up a client’s retirement income
Looking at healthcare costs in relation to Social Security or projected overall retirement income provides a way to frame these expenses and plan to account for the impact of healthcare inflation.
