The headwinds for U.S. equities are set to increase even further in March, with stocks coming under pressure from faltering earnings and high valuations, according to Morgan Stanley strategists. The S&P 500 has dropped for three straight weeks amid concerns that sticky U.S. inflation increases the prospect of more Federal Reserve rate hikes.
Is your client emotionally ready for retirement?
Advisors help people become financially ready for retirement. But they also must help people decide whether they are emotionally ready to stop working.
5 key factors that help retain new financial professionals
Research from LIMRA and the Finseca Foundation has identified some solutions to help address the challenge of retaining financial professionals.
A tool that can be part of an effective business exit strategy
How a Nevada incomplete gift non-grantor trust can help those who want to sell their business maximize value in a tax-efficient manner.
An Alabama insurance agent was taken into custody Monday and charged with fraud and other offenses that resulted in $600,000 in losses for his elderly victims, the state Insurance Department announced Tuesday. Bret Chappell, a 43- year-old licensed insurance agent who previously worked for ALFA, was booked into the Blount County jail without bond Monday…
5 financial wellness behaviors that help build wealth
U.S. households that adopt five financial wellness behaviors build more wealth than other households, according to a research report by Hearts & Wallets, which has been tracking these behaviors.
A report by temp and staffing agency Randstad USA shows that 70% of workers are rethinking their retirement plans as they feel their present financial situation is delaying their plans to retire earlier. "There are people that are pushing the retirement age out," Jennifer Brock, president of Cobb County- based human resource consulting company, Human Resources…
Mike Braun, Indiana Republican, told The Washington Times.“ Pushing ideology through retirement and hard-earned investment funds does not make sense to me.”. Mr. Braun is leading an effort by all 49 Republican senators and Democrat Joe Manchin III of West Virginia to scuttle new Labor Department rules that allow 401 fund managers to engage in ESG investing.
Fidelity Investments— a manager of retirement accounts and a Marketplace underwriter— reported that the average 401 account lost 21% of its value last year. Average account balances— for both 401 s and IRAs— fell to around $104,000 in 2022, according to Fidelity Investments. That low level of retirement savings, "It'll scare the daylights out of you," said Greg…
A report by temp and staffing agency Randstad USA shows that 70% of workers are rethinking their retirement plans as they feel their present financial situation is delaying their plans to retire earlier. "There are people that are pushing the retirement age out," said Jennifer Brock, president of Georgia- based human resource consulting company Human…
Adani Group is on a roadshow to reassure international investors after the short-seller Hindenburg Research launched allegations of fraud. A month after accusations of fraud, stock-market manipulation and money laundering were launched by the New York short-selling investment firm Hindenburg Research, Adani Group has not succeeded in allaying…
Feb. 27— A former administrator at a Buffalo investment advisory firm has been sentenced to three years in prison for stealing more than half a million dollars from the company and its clients, U.S. Attorney Trini E. Ross announced. Jennifer Campbell, 48, of Niagara Falls, who was convicted of wire fraud, also was ordered by U.S. District Judge Lawrence J. Vilardo to pay…
‘Neutral’ ESG rule draws GOP fire in court and Congress
Faegre Drinker analysts said the Biden administration’s final Department of Labor ESG rule found middle ground when it became effective on Jan. 30 but Republicans are still taking aim.
As the American populace grows older, financial planners will need to address the increasing financial impact felt by older Americans and their families.
Older Americans richer than previously thought, Census says
A new project corrected data from 2018, showing that Americans over 65 were 27.3% richer in that year than previously thought.
Helping Black Americans bridge the racial wealth gap
Helping clients create generational wealth is crucial to helping close the racial wealth gap, says one advisor passionate about educating Black clients on ways they can attain financial security.
Half of institutional investors fear rate rises will trigger a liquidity crisis, while nearly three in 10 think equity markets could fall up to 20% this year, new research shows.
Vanishing retirement with more workers pushing past 65, survey shows
: By 2030, a third of those over 65 expect to be working, but few are factoring in the real threats to retirement security, according to a survey from Voya and Easterseals.
Many investors were glad to see the end of 2022. But what's ahead this year? Several factors contributed to these results, including the moves by the Federal Reserve to aggressively hike interest rates to combat inflation, the RussiaUkraine war, recession fears and increased concern over COVID19 cases in China.