But as Newsom and leaders of the Assembly and Senate hash out their final budget agreement, the tax increase with the most momentum in those negotiating rooms is one that is likely to fall largely on everyday Californians in the form of increased costs for private health insurance monthly premiums. The money raised is not set to go into the state’ s Medi-Cal…
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The biggest risk to your clients’ financial plans isn’t market volatility
Health-related income risk remains largely outside the financial planning conversation.
Initiative looks at how caregiving impacts workplace benefits
Caregiving is reshaping the workplace, employee benefits and long-term financial security.
Will rising retirement needs spark an annuity boom?
Research suggests the average American believes they need nearly $1.5 million in savings to comfortably retire.
Living longer, retiring poorer: Why fragmented systems are failing Americans
Americans are now living around 10 to 15 years longer than before, but many still haven’t adopted financial planning to match that longevity.
Women feel respected by advisor, but many could do without the “mansplaining.”
How PEPs compare with traditional 401(k)s
How pooled employer plans compare with traditional single-employer 401(k)s.
Allianz studies why 42% of Americans retire sooner than expected
According to a new Allianz study, 54% of Americans say they would retire immediately if they won the lottery.
Why advisors should be talking about life settlements
Recent five-year data from the Life Insurance Settlement Association tells an interesting story about the life settlement business.
Millennials are ready to bring their advisor to the family table
Younger investors want an advisor to serve as a facilitator for cross-generational retirement and financial planning discussions, while older investors are largely declining to take that step.
How healthcare inflation can eat up a client’s retirement income
Looking at healthcare costs in relation to Social Security or projected overall retirement income provides a way to frame these expenses and plan to account for the impact of healthcare inflation.
Global economy ‘resilient’ in the wake of massive disruption
“It’s amazing how resilient and flexible the global economy is” in the wake of current geopolitical trends that are reshaping the investment landscape, said Jack Aldrich, BlackRock’s director for geopolitical research and strategy.
Cryptocurrency legislation takes one step forward with bipartisan support
The Digital Asset Market Clarity Act advanced out of the Senate Banking Committee recently in a bipartisan vote. If it becomes law, what will it mean?
Internal Revenue Service Chief Executive Officer Frank J. Bisignano and Senator Bernie Moreno toured the Cleveland area today to highlight Working Families Tax Cuts Act provisions on no tax on car loan interest, no tax on overtime, and the enhanced deduction for seniors. "It's rewarding to visit Ohio and see first-hand how President Trump's Working Families…
The hidden flaw in insurance AI adoption for advisors and carriers
Many insurers are still using AI for existing underwriting and claims rather than redesigning how those workflows operate.
Rising healthcare costs impact 401(k) accounts
Medical bills are one of the leading reasons Americans raid their retirement accounts early.
What advisors think about pooled employer plans, alternative investments
Pooled employer plans represent an opportunity in the defined contribution plan space, although few DC plan advisors are familiar with them.
These shifts are expected to unlock new revenue pools, reshape operating models, and expand access to financial products.
Cheers to summer, and planning for what comes next
Summer vacations at special family properties can open the door for important discussions on passing down those holdings to the next generation.
Why seniors fear spending their own retirement wealth
New data from Security Benefit shows that two in five financial professionals say 30% or more of their clients spend less than they can in retirement.
