Betterment at Work released a new survey on the state of retirement readiness across the U.S. workforce.
News, trends and helpful peer advice for financial advisors.
A couple’s fight to get a $14,729 tax refund made it to the U.S. Supreme Court this week in a case that might upend the federal tax code.
Hands off to cuts to Social Security and Medicare. When you work and receive your paychecks, you will notice some of your pay has been deducted for Social Security and Medicare. Most Americans are deeply opposed to cutting into Medicare or Social Security benefits, and most support raising taxes on the nation's highest earners to keep Medicare running as it is.
David Solomon, CEO of Goldman Sachs, has attacked a recent proposal from regulators that would require banks to raise their capital on the books by 16% to prevent risks of collapse, such as what occurred at Silicon Valley Bank, according to a Yahoo! The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency proposed the…
Half the financial advisors surveyed believe consumers should be more focused on how long-term care (LTC) costs could impact their retirement.
A majority of advisors are experimenting with generative artificial intelligence in their practice and educating their clients on potential risks of online misinformation.
Financial advisors can use mobile wealth management apps as a means to increase client engagement and satisfaction, a recent study found.
Only one in five affluent investors uses the same advisor as their parents, according to a recent Cerulli Edge study.
WASHINGTON- Inflation is slowing steadily, but it's too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said. WASHINGTON- Americans could have a harder time finding electric vehicles that qualify for a full $7,500 federal tax credit under new rules being proposed. They limit electric vehicle buyers…
About 61% of American households have an average credit card balance of $7,486, according to NerdWallet's 2022 American Household Credit Card Debt Study. That's the largest jump in more than 20 years, according to the Federal Reserve Bank of New York. It's estimated that U.S. households will pay an average of $1,380 in credit card interest this year, according to…
For 35 years, Angela Jemmott and her five brothers paid premiums on a long-term care insurance policy for their 91- year-old mother. But the policy does not cover home health aides whose assistance allows her to stay in her Sacramento, California, bungalow, near the friends and neighbors she loves. Her family pays $4,000 a month for that.
Interest in leveraging artificial intelligence is high, with majority of advisors using it for employee onboarding practices.
If your children are grown and your mortgage is paid off, do you still need to carry life insurance? It depends on your situation, but for many people, a cash-value life insurance policy, such as whole life or universal life, can be a valuable, tax-efficient source of retirement income. And by drawing on the cash value of your policy, you might be able to tempo rarily…
Social Security and Medicare may have begun with the general intent of providing welfare and assisting older adults with inadequate income, but they morphed into an entitlement not always connected to being needy.
Financial advisors believe that generative AI — as it develops and matures — could be a game changer.
Artificial intelligence may not be the threat that some in wealth management assume it to be – at least, not according to younger financial advisors.
Knowledge is power- especially where money is concerned. Every day, families across the U.S. have to make difficult decisions about budgeting, spending, insurance, investments, savings, retirement and on and on. When faced with these choices, financial literacy– that is, knowing how to make informed decisions about money– is key.
That's why it's important for business owners to begin thinking about how Social Security fits into their retirement planning. Social Security benefits are part of the retirement plan of almost every American worker– including business owners. Our publication, If you are self-employed, at www.ssa.gov/pubs/EN-05-10022. pdf, provides important…
—Deutsche Bank viewed Donald Trump as a“ whale” of a client, was eager to land him and eagerly cultivated a relationship that grew from $13,000 worth of revenue to $6 million in two years, according to documents presented Wednesday at the former president's civil fraud trial. “We are whale hunting,” then-bank managing director Rosemary Vrablic wrote colleagues in…
KKR’s deal to acquire the remaining 37% of Global Atlantic Financial Group is part of a larger plan to power up the investment firm’s overall earnings, executives said Wednesday.