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Now that he has been confirmed by the Senate, Kevin Warsh will step into a role closely watched by world and business leaders.
Image includes the words, "Life Settlement Boom" amid flames
The life settlement market saw nearly a 10% increase in 2025. (This image was created with AI)

As the cost of living puts greater pressure on household budgets, the market for life settlements continues to grow as well.

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The Financial Services Institute applauded the U.S. House of Representatives’ passage of the Financial Exploitation Prevention Act of 2025, bipartisan legislation that would strengthen protections for seniors and vulnerable adults by amending the Investment Company Act of 1940 to give mutual funds the ability to pause redemptions when it reasonably believes it is the result of financial exploitation of the investor. 

Business and government leaders gathered at the Bank of America Corporate Center for a community roundtable discussion Thursday. The tax is expected to generate $19.4 billion over the next 30 years, according to the Charlotte Area Transit System. Robert McCutcheon, CEO of Charlotte Regional Business Alliance, said the investment could lead to a 1.7%…

Vince Fong, Jay Obernolte, and members of the California delegation in sending a letter to Governor Gavin Newsom and California State Medicaid Director Tyler Sadwith expressing concerns about the state's revised health care tax, which would raise healthcare costs for millions of Californians already struggling with the rising costs of healthcare.

Now that he has been confirmed by the Senate, Kevin Warsh will step into a role closely watched by world and business leaders.
Image includes the words, "Life Settlement Boom" amid flames
The life settlement market saw nearly a 10% increase in 2025. (This image was created with AI)

As the cost of living puts greater pressure on household budgets, the market for life settlements continues to grow as well.

Yet Sacramento continues to favor government spending over real relief. Despite historic revenue gains exceeding $60 billion above initial projections, the budget relies on accounting gimmicks, new tax hikes and withdrawals of more than $14 billion from the state’ s Rainy Day Fund to achieve balance. This will add an average of $400 per year for a family of four…
The image shows money and several blocks labeled for IRA
The backdoor Roth IRA is a strategy for higher earners who are not eligible to contribute to a Roth IRA. (This image was created with AI)

Roth conversions are among the most popular retirement planning strategies, but the rules surrounding them are increasingly complex.
Image shows workers on a street bench
The percentage of workers who are saving for retirement is down 5% from 2025, with 59% of workers saying they are currently saving. (This image was created with AI)

Worker confidence in their retirement readiness reached its lowest level since 2017, and healthcare concerns, along with a decrease in savings, are driving that decline in confidence.
Image shows two men shaking hands.
Insurance brokerage transaction volume rose by 293% between 2013 and 2021. (This image was created with AI)

U.S. insurance brokerage deal volume has increased dramatically over the past 10 years, and that increase is primarily driven by private equity investment.
Image shows the New Jersey Senate and a generic bill
The New Jersey Senate is considering a bill that would exempt financial advisors from employer definitions. (This image was created with AI)

The New Jersey Senate is considering legislation to clarify the choice of independent contractor status for certain professionals, including financial advisors.
Image shows a confused man at a desk with a book
Many clients who have worked in the federal sector have access to three income streams in retirement: a FERS pension, Social Security benefits, and a Thrift Savings Plan. (This image was created with AI)

Federal retirement benefits can be far more complex than those in the private sector, advisors say.

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…