The Public Retirement Research Lab, a collaborative effort of the Employee Benefit Research Institute and the National Association of Government Defined Contribution Administrators, published a new research report detailing a longitudinal analysis of 1.1 million public-sector defined contribution retirement plan participants which found steady growth in account balances and dollar contributions.
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As younger generations anticipate the $90 trillion āGreat Wealth Transferā predicted by financial experts, a minority of Americans may actually receive a financial gift from their family members.
Calif. signs law requiring high school finance education class
A new California law requires high-school students to take a personal finance education course to graduate.
In a significant move to create a fairer tax system, the federal government of Canada announced a series of changes to the taxation of capital gains in its Budget 2024. As of June 25, 2024, the capital gains inclusion rate increased from one-half to two-thirds for capital gains exceeding $250,000 annually for individual Canadians. Increased Capital Gains…
US deficits are unlikely to detract from fixed incomeās appeal
U.S. deficits loom, and while that is a long-term consideration, we do not expect it to discourage insurers from adding to their fixed income exposure in the near-term.
Between home prices, high interest rates, tax increases and now insurance rate hikes, the cost of the American dream in California has gone through the roof. Nearly 7% of real estate transactions statewide have fallen out of escrow due to the insurance crisis, according to a California Association of Realtors report. California's across-the-board fallout…
Between home prices, high interest rates, tax increases and now insurance rate hikes, the cost of the American dream in California has gone through the roof. Nearly 7% of real estate transactions statewide have fallen out of escrow due to the insurance crisis, according to a California Association of Realtors report. California's across-the-board fall out…
Legal experts: 5 best practices for advisors texting clients
As financial advisors increasingly use text or social media with clients, experts have outlined best practices for avoiding liabilities.
This surprising factor is driving independent advisor job dissatisfaction
A new study by J.D. Power has found a drop-off in company leadership is driving job dissatisfaction among independent financial…
Holistic solutions to grow an advisorās business
Integrating a suite of financial wellness solutions will help retirement plan advisors elevate their offerings.
While 42% say they hope to celebrate the end of their careers with a long retirement of 20 or more years, just 41% feel they are on track to achieve the retirement they envision and nearly a quarter (24%) are unsure if they are saving enough.
In its annual Mind, Body, and Wallet report,Ā Guardian Life found that well-being among Americans remains low, highlighting the pressing need for additional well-being support and resources, especially around retirement planning and personal finance stressors.
Just over half (51%) of pre-retirees over 50 and retired Americans are considering delaying or coming out of retirement, according to a new survey from F&G.
CrowdStrike: What to tell clients when a cyber event affects them
The CrowdStrike cyber event is another example of how clients depend on their advisors for calm and reason.
5 ways to get meaningful feedback from clients
Client feedback helps identify what you are doing well and what needs improvement. But how best to collect this valuable information?
4 ways to retain your client’s high net worth children
With only one in five affluent investors using the same advisor as their parents, we get some advice on how to engage your client’s children.
Integrity Marketing Group expands into wealth management
Integrity Marketing Group has expanded into the wealth management realm with the launch of its wealth management division, Integrity Wealth.
Building Connections: 2024 MDRT Annual Meeting recap
Financial advisors exemplify a desire to learn from others and serve as listening ears to clients and community members alike….
Understanding inherited IRA rules for nonspousal beneficiaries under the SECURE Act
This new rule requires beneficiaries to deplete the account within 10 years of the owner’s death.
While registered investment advisors report a similar level of economic confidence compared to the first quarter of the year, nearly half now believe that stock market volatility will be higher over the next 12 months than it was in 2023.
