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…
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Insurance commissioner warns on false Calif. LTC plan information
Californiaās 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…
Use of lifestyle spending accounts increases among businesses
Flexible Lifestyle Spending Accounts , or LSAs, have experienced double-digit increases across companies of all sizes, a recent study found.
Few will wait until 70 to receive maximum Social Security payments, study finds
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.
The steadfast role of agents and advisors: A Labor Day story
In honor of Labor Day, here’s a story that illustrates the value and service insurance agents and financial advisors provide every single day.
Avoid costly mistakes when dividing retirement assets in divorce
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 estateā…
“Conflict-free” retirement advice saves American workers money as they invest in their 401(k) plan, Mike Francis says.
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 a quarter of millennials are caregivers for an adult, according to a 2020 AARP survey. And a 2020 report from insurance marketplace GoHealth found that 1 in 3 millennials are supporting their parents financially, and more than a quarter help manage their parentsā health care. That can take a toll: Eighty-two percent of millennials worry about having…
Financial advisors say that 40% of their clients were forced to retire
Financial advisors reported that 40% of their retiree clients were forced into retirement, according to a recent survey by Edward Jones.
SEC fines fintech advisor $1M for misleading marketing under new rules
The Securities and Exchange Commission last week fined Titan Global Capital Management, a New York-based fintech advisor, for misleading marketing under a newly amended rule.
The Securities and Exchange Commission today charged Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC for overcharging more than 10,900 investment advisory accounts more than $26.8 million in advisory fees. Wells Fargo agreed to pay a $35 million civil penalty to settle the SEC's charges. According to the SEC's order,…
Many people build their retirement and estate plans around their children and grandchildren. Everything from where they live, to how they spend their time and money, to the legacy they want to leave behind is considered through the prism of their role as parents and grandparents. For those without kids and grandkids, a different formula may apply as these…
My husband and I are fortunate. We have enough for retirement. A $20 savings on a streaming service provided fleeting euphoria.
