SAN FRANCISCO– One year ago, billionaire Elon Musk walked into Twitter' s San Francisco headquarters with a white bathroom sink and a grin, fired its CEO and other top executives and began transforming the social media platform into what is now known as X. X looks and feels something like Twitter, but the more time you spend on it the clearer it becomes that it's…
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Many surveyed say retirement confidence shaken
More than one-third of U.S. adults surveyed express shaken confidence in their retirement preparedness, according to a recent study.
How to use your powers of persuasion to increase referrals
Persuasion is a skill that helps you present your ideas in such a way that someone wants to take action.
For younger generations, money trumps marriage for personal happiness
Many younger Americans believe that financial stability is a stronger determinant of personal happiness than the person they marry, a recent study finds.
If you've invested in an IRA for many decades, it may well turn into a key source of income for your retirement. Still, you might not deplete your IRA in your lifetime, especially if you also have a pension or a 401 and other investment income. So, if your IRA still has sizable assets after your passing, it would likely end up in your estate plan.
When is a $1.47 million retirement fund not actually $1.47 million? Many baby boomers also have pensions and Social Security, two leading sources of income that people tend to overlook and fail to consider how these will affect their tax rate. There is no doubt that a 40 i is one of the best savings vehicles for retirement; however, while a $1.47 million balance is…
Williams, 33, pleaded guilty to 15 felonies, which included misusing Social Security numbers, making false statements to the IRS, and wire fraud. She also used Social Security numbers that did not belong to her to open accounts with credit card companies and banks, causing financial losses to victim companies. Furthermore, Williams opened bank accounts using…
PIABA continues effort to prevent erasure of consumer complaints
A campaign prevent widespread erasure of consumer complaints from regulator databases has made progress, but most are expunged on request.
Investors bullish on AI as a financial advisor tool
The majority of investors surveyed believe that artificial intelligence is a game changer and will enable them to better serve their clients.
As health care costs in the United States continue to rise, and inflation remains stubborn, many Americans are losing confidence in their ability to afford their health expenses and maintain their physical and financial well-being in retirement.
Many in US feeling financially defeated, survey finds
Faced with a wide range of financial challenges, many Americans are feeling financially defeated, with only one in 10 saying they are living their definition of financial freedom.
CINCINNATI, Ohio, Oct. 19– The Western and Southern Financial Group, a life insurance company, issued the following news release:. That's the finding of a new survey report on retirement income attitudes conducted by Western& Southern Financial Group in collaboration with LIMRA, a worldwide research, consulting and professional development organization…
Hunting for a unicorn: The Fed’s quest for a soft landing
The Federal Reserve is trying to catch a unicorn by maintaining interest rates just high enough to bring inflation down to 2% without instigating a recession and painful levels of unemployment. History indicates soft landings are scarce, perhaps nonexistent, and the challenges that the U.S. economy and Fed policymakers face in the coming months show why.
As the Federal Reserve continues to battle lingering inflation from COVID-related stimulus plans, the primary weapon remains interest rate hikes to slow the economy. Despite numerous rate hikes, inflation of more than 3.7% remains sticky. The Fed has declared their stance will most likely be, "higher rates for longer."
Open enrollment is no one’ s idea of a good time, but health coverage is a crucial part of your financial health. Whether you’ re getting insurance through an employer or the Affordable Care Act marketplace, it’ s important to ask the right questions before you choose a health plan for 2024.. “Open enrollment is a great time to do a personal health audit,” says certified…
Helping high net worth clients create their retirement purpose plan
Retirement planning can be stressful and even unhappy for high net worth clients who need to find their purpose in their post-working years.
Executive who had business ties to Playgirl magazine pleads guilty to $250M fraud in lending company
Carl R. Ruderman, 82, was chairman and chief executive officer of 1 Global Capital LLC, a commercial lending company that filed for bankruptcy in July 2018. Ruderman admitted spending 1 Global investors' money on credit card payments, vacation travel, drivers, nannies, housekeepers, tuition, mortgage payments, luxury car payments and insurance payments for his…
Over five years after the 1 Global Capital bankruptcy ended a scam that fraudulently raised $285.5 million from more than 3,400 investors, the Aventura- based kingpin of the scheme learned his probable prison sentence:. The plea agreement between the 82- year-old Ruderman, represented by Marcus Neiman& Rashbaum’ s Daniel Rashbaum, and the U.S. Department of…
PROVIDENCE- Attorney General Peter F. Neronha announced Wednesday that an East Greenwich man has been found guilty in Providence County Superior Court of defrauding a British investor of $100, 000 in a scheme centered on producing a film project based on the 1990' s HBO series "Tales from the Crypt." On October 3, following a two-day jury trial before Superior Court…
Opinion: redefining high-net-worth client service
Some clients have worked hard enough or smart enough to be considered high-net-worth (HNW), but how do their financial plans differ from those of other clients?
