My husband and I are fortunate. We have enough for retirement. A $20 savings on a streaming service provided fleeting euphoria.
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Succession planning the family way
Brian and Brandon Heckert This article is a summary from part of the 2023 MDRT Annual Meeting Session ‘The Great…
Finances are straining Americans’ confidence, survey says
Finances are the reason more than one-third of those surveyed said they are awake at night.
My most recent article discussed saving for college and retirement simultaneously. Perhaps you are on the other end of the spectrum, having a child or grandchild that recently graduated from college or trade school and now you hope the young adult will launch effectively. Graduating from college or trade school often marks a time in life when young adults take…
–Schubert Jonckheer& Kolbe LLP is investigating a data breach impacting the personal information of over 2.5 million customers, policy holders, and agents of Genworth Financial, Inc. and its affiliated life insurance companies. According to Genworth, information impacted by the breach included, among other things, customers' names, dates of birth, Social…
A former corrections officer from the Marmora section of Upper Township is accused of organizing two fraud schemes, the U.S. Attorney's Office said Wednesday. DeSalvo was the creator of a cryptocurrency known as "Blazar Token," which he marketed to police, fire personnel, EMTs and other first responders as a "crypto pension," the U.S. Attorney's Office said in a news…
“Longevity as Opportunity – New Conversations on Work, Finances, and Well-Being” revealed how navigating an increasingly complex world while planning for longevity presents considerable challenges and opportunities that change as people move through adulthood.
–Since 2014, the Nationwide Retirement Institute has surveyed Americans annually on their perceptions, concerns and understanding of the U.S. Social Security system. This year's survey marks its 10 th edition and reveals how Americans' attitudes towards Social Security have shifted significantly over the past decade. The 2023 Social Security survey…
Denny Bhakta, 41, was arraigned in federal court on Friday on charges that he fraudulently obtained $4 million in Paycheck Protection Program, or PPP, loans for multiple business entities he managed and controlled. Bhakta allegedly applied for and received 18 PPP loans for four organizations he controlled including Fusion Hotel Management, LLC; Fusion…
However, investors demonstrate more confidence in advice from both generative AI and social media after they’ve vetted that advice with a financial planner.
Three-fourths (75%) of adults age 50 and older worry Social Security will run out of funding in their lifetime, up from 66% in 2014, according to Nationwide Retirement Institute.
A federal judge in California dismissed Friday a securities fraud class action against Wells Fargo& Co. related to its diversity hiring practices. The lawsuit, filed June 28, 2022, alleges the bank and certain executives that include chief executive Charlie Scharf had made false or misleading statements about diversity hiring practices between Feb. 24,…
4 tactics for turning client referrals into introductions
Helping build client confidence can also help build a practice by increasing client referrals.
Someone turning 65 today has a 70% chance of eventually requiring assistance with basic living activities, such as bathing, dressing and using the toilet, according to the U.S. Department of Health and Human Services. Plus, families often don’ t try to figure out how to provide this care until there is a health crisis, which can lead to unnecessary stress, conflicts…
How to increase investor share of wallet
As consumers’ use of multiple investment firms has increased, research informs how advisors can increase their investor share of wallet.
Employees less confident about finances than business owners
While both list rising costs among top concerns, employers feel more satisfied with their financial situation than employees,
That's well above the Federal Reserve's target of 2%. Christine Benz, director of retirement planning for Morningstar, has offered commentary on how to protect your retirement assets. At the portfolio level, Benz suggests Treasury Inflation-Protected Securities.
A North Texas man was sentenced to life in federal prison for investment fraud that led to the killing of a friend, the Carrollton Police Department announced in a news release Thursday. Carrollton Police Chief Roberto Arredondo said in the news release that Ashley“ went to great lengths to steal clients’ life savings and even kill to gain control of their…
How an advisor made MDRT by working with young engineers
An advisor recalled how he launched his insurance career and qualified for Million Dollar Round Table by working with the group he could relate to most – newly graduated engineers.
Total U.S. credit card debt increased $45 billion between April and June of this year and has now topped the $1 trillion mark, according to the New York Federal Reserve. According to the J.D. Power 2023 U.S. “The pandemic-era savings cushions are gone, the economy is shaky and consumers are leaning more heavily than ever on their credit cards to cover day-to-day…
