–Quicken Inc., maker of America's best-selling personal finance software, today shared findings from a survey indicating that current economic conditions are causing Americans to rethink making changes to their job situation, including delaying their retirement plans. Survey responses show that almost half of those who planned to retire in 2022 are…
Advisor News
For many years, Americans provided for their retirement needs through three sources: employer-sponsored pension plans, Social Security income, and savings and investments accumulated through employer plans or individual accounts– the so-called "three-legged stool." Social Security– Social Security has come under financial pressure because the…
The right kind of technology can help demystify the financial planning process.
DULUTH, Ga. — Primerica, a leading provider of financial services in the United States and Canada, released the Middle-Income Financial…
The Federal Reserve board remains keenly focused on curbing inflation through higher interest rate policies. Nobody knows whether the Fed can succeed without crashing the U.S. economy into a recession, and financial markets have already priced in some but not all of the potential economic impact of such an unhappy outcome. And Wall Street is already feeling a…
States around the country are cutting taxes en masse ahead of the midterms. At least 27 states plus the District of Columbia have passed significant tax cuts so far this year, according to a recent tally from the Tax Policy Center's Richard C. Auxier. The first is these tax cuts partly are enabled by funds from the 2021 American Rescue Plan- President Joe Biden's…
The trouble, according to Mark Grywacheski with the Quad Cities Investment Group, is there's no way to avoid it. On July 13, the U.S. Labor Department reported inflation was at 9.1% and the producer price index at 11.3%. Salaries and payroll were reportedly up 6.7% in June, but the difference between the two is what is impacting consumers the most, said Philip Seline,…
Two Oyster Bay residents were arrested Monday in connection with an elaborate, $27 million investment scheme, according to the U.S. Attorney's Office of the Eastern District of New York. Sherry Xue Li, 50, and Lianbo "Mike" Wang, 45, both of Oyster Bay, allegedly made a variety of fraudulent claims that targeted foreign nationals. The defendants allegedly created…
Radnor, Pa. – The pandemic’s onset in the U.S. has surpassed the two-year mark and the crisis has had long-term…
"I think this COVID pause has really illustrated— hopefully for policymakers but definitely for consumers— that the interest is what's really killing people," says Betsy Mayotte, president and founder of The Institute of Student Loan Advisors. The Biden administration is expected to announce $10,000 in cancellation to federal student loan borrowers earning…
Is inflation more out of control than ever? Wednesday’ s consumer price index reading from the Labor Department was no one’ s idea of swell news. One not unreasonable reaction: Yikes!
CEO Jamie Dimon also cited economic worries, like the war in Ukraine, inflation and Federal Reserve tightening. And what does it mean for a Wall Street behemoth to be stepping away from them? Corporate profit margins— measured by the S&P 500— is at record highs too, "said John Blank, chief equity strategist at Zacks Investment Research.
How financial advisors can master social media and dramatically grow your practice
We asked three financial advisors to share how they are using social media to write millions of dollars in life insurance and annuities each month.
Downloadable PDF: How to use social media to grow your financial advisor practice
We asked three financial advisors to share how they are using social media to write millions of dollars in life…
After the economic stress caused by the pandemic and 12 months of surging inflation, the debt burden carried by U.S households is rising. According to a recent survey by the New York Federal Reserve, U.S. households carry an average of $161,749 in debt, including mortgages, home equity lines of credit, credit cards, auto loans and other consumer debt— a jump of 6.2%…
What financial advisors are recommending as inflation hits record high 9.1%
With inflation peaking at a new 40-year historic high of 9.1% today, InsuranceNewsNet checked with financial advisors and others to find out how this will impact retirement savings, and what investments strategies they recommend at this time.
About 1 in 8 Gen Xers and baby boomers say they've postponed or considered postponing retirement due to inflation, according to a March survey by the Nationwide Retirement Institute. "We've had conversations with multiple clients in the last six months," said Mark Rylance, a certified financial planner in Newport Beach, Calif. "Every adviser has clients that push…
Coming from someone who' s expertise is in retirement, this might not seem like an article you'd get from me, but the reality is that for some people, retirement simply isn't the goal. For others, it may be a retirement from their normal 9 to 5 job only to "retire" to a new job that typically involves something that they are very passionate about. Social Security was…
Did you know, you can do much of your business online with Social Security? This means no need to call or visit a local Social Security office. You can take your time completing our online applications and even save your progress to return to later.
