A new Nationwide Retirement Institute survey found many older business owners near retirement years (aged 60-65) face significant challenges preparing for the next chapter in their careers – and lives.
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Health-based actuarial longevity: The starting point for retirement planning
Longevity risk gets a lot of attention, but the other side of the coin – the high probability of dying earlier than 95 – should also be discussed with clients.
A new survey unveils fresh insights into the retirement experiences and financial preparedness of baby boomers who retired in the past two to five years, along with some practical advice from respondents for future retirees.
How to leverage your client base to grow your practice
Running a thriving practice means not only attracting clients, but also tapping into those clients to gain additional business
Integrity Marketing Group, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions,…
Affluent Americans expect to need $5.5 million to retire and pass down wealth to heirs; only 50% say they are very prepared to pass down wealth and have a written plan in place.
AI with your financial planning? Here’s what various generations say
About half Gen Z’ers and millennials are excited about how AI could impact their financial lives. What about older Americans?
A new Thrivent survey reveals more than half of widowed women experienced financial challenges after their spouse’s passing, with 51% either living paycheck to paycheck or struggling to manage their bills.
Gen Xers are feeling less confident than ever about their finances and more worried about retirement than boomers or millennials, according to the 2024 Annual Retirement Study from Allianz Life.
Cerulli finds that only 24% of active 401(k) participants say they are very confident they will be able to maintain their current standard of living in retirement.
Achieving financial independence is the highest priority for Americans aged 25 to 44, according to the 2024 Millennials’ Financial Milestones study, the latest CFP Board research report.
The Alliance for Lifetime Income released a study with an eye-catching headline: Two-thirds of peak baby boomers are not financially prepared for retirement. According to the study, more than half of these soonto-be retirees will rely primarily on Social Security for income, whichwas intended to replace about40% of annual pre-retirement earnings.
3 ways for financial advisors to connect with Gen Z other than social media
While building a social media following is important, one expert recommends a triple-action approach beyond social media.
More older employees choose to reduce theirwork hours and phase into retirement. In 2024, people 50 and older can contribute up to $8,000. Increaseslifetimeincomebydelaying Social Security: The extra income you earn fromworking part time can help you afford to postpone claiming Social Security benefits and could boost your monthly payout when you…
Your credit score remains an important financial indicator throughout retirement, influencing various aspects of your financial life and overall well-being. While retirement often involves a shift in financial priorities, maintaining a healthy credit score can provide essential benefits and opportunities during this life stage.
The approaching summer has me daydreaming. If your dreams are focused on making the big leap into retirement sooner than later, here are three tips to consider as you prepare for the next act in your life. No. 1: Numbers matter but so does how you plan to live your life.
Suze Orman, a well-known financial advisor and author, is a strong advocate for Roth retirement accounts, including Roth 401 s and Roth IRAs. According to Orman, these accounts provide substantial benefits over traditional retirement savings options due to their unique tax advantages and flexibility. Suze Orman advocates for Roth retirement accounts, as…
—Recent years have seen spiking inflation as a result of a number of shocks, including supply bottlenecks caused by the coronavirus pandemic and Vladimir Putin's invasion of Ukraine. The Federal Reserve Board's Open Market Committee in 2012 set a target of reducing inflation to 2%. However, according to a report released Thursday by the Federal Reserve Bank of…
As artificial intelligence continues to evolve and fuel debate about its transformative power on business and society, younger Americans are far more optimistic about the technology’s potential to help them reach their financial goals.
It has a long history of successes and at times, failures in steering the U.S. economy through ups and downs. After the stock market crash on Oct. 19, 1987, just two months after Alan Greenspan assumed the chairmanship of the Federal Reserve bank, he fired off a one-sentence statement before the start of trading on Oct. 20: "The Federal Reserve, consistent with its…
