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.
Advisor News
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.”
Researchers looked specifically at the possible effects on Florida, Kentucky, Louisiana, Missouri, Oklahoma and West Virginia if they passed Texas- like legislation limiting investment options on municipal bonds and found it could cost them between $264 and $708 million in additional interest payments. The study by Econsult Solutions of Philadelphia was…
Known for her extensive real estate portfolio as well as her ability to flip homes for significant profit, Ellen DeGeneres recently earned $15 million after buying a mansion in California's Montecito for $21 million and reselling it off-market for $36 million to entertainment executive Scooter Braun just half a year later. Other 2022 sales include another…
The Federal Reserve has been raising interest rates to combat inflation since March. Whether it's Federal Reserve Board governors or investors on Wall Street, they're all living with the same numbers. "If they stop too soon, you get more inflation," said Steve Blitz, chief U.S. economist at TS Lombard.
The 30- year fixed-rate mortgage averaged 6.15% in the week ending January 19, down from 6.33% the week before, according to Freddie Mac. "As inflation continues to moderate, mortgage rates declined again this week," said Sam Khater, Freddie Mac's chief economist. Mortgage rates rose throughout most of 2022, spurred by the Federal Reserve's unprecedented…
Jan. 19— CONCORD— A massive fraud allegedly masterminded by cryptocurrency magnate Sam Bankman-Fried is a "call to action" for New Hampshire policymakers to update rules and laws covering the use of bitcoin and its alternatives, according to a new report. Chris Sununu spelled out 12 specific steps that legislators and state agency heads should take to make New…
Progressive online practices set example for agents, other carriers
A semi-annual Online Insurance Scorecard has consistently ranked Progressive Insurance No. 1. Progressive’s strengths could provide guidance for smaller carriers and agents to better compete against the large national insurers.
SUTTON— An investment adviser from Sutton will spend the next several years in prison after pleading guilty to stealing more than $2.8 million from six clients. James Kenneth Couture, 42, of Sutton, was sentenced to eight years and four months in prison and three years of supervised released during a hearing Wednesday, July 11 in U.S. District Court in Boston.
Following three years of record-breaking growth and expansion, AmeriLife Group announced a strategic, organizational restructuring with the creation of two…
If you want to stop a conversation cold, just ask a group of friends, "Do you ever worry that you might outlive your retirement income?" The response is likely to be nervous laughter. "If you have a net worth of over $3,000,000, you can probably afford to spend down your retirement nest egg to cover your long-term health care needs.
On Dec. 23, 2022, the House of Representatives passed a more than 4,000- page bill called the Consolidated Appropriations Act of 2023. President Biden signed the bill into law on Dec. 29. However, a few changes are worth noting, including changes to required minimum distributions, Roth SIMPLE and SEP IRAs, 529 plan transfers to Roth IRAs, and changes in catch-up…
Three letters, ESG, are central to this topic, and they could play a significant role in how companies in Worcester team up with investment advisers to give employees choices of where to invest their retirement savings. Chris Crowley and his brother, Ralph, the fourth generation of the Crowley family to own Polar Beverages in Worcester, are plan fiduciaries.
What constitutes a perfect retirement is different for everyone. Some people may imagine spending their golden years fishing their days away, while others may aspire to finally embrace their inner globetrotter. According to estimates from the United Nations Population Division, the average life expectancy in Canada for both sexes is just under 83 years,…
