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How to rekindle your fizzling 2023 financial resolutions

January 27, 2023 Newswires No comments.

Save more, spend less and pay off debt are popular New Year's resolutions— and perhaps the ones most likely to fall by the wayside a few weeks into the year when reality sets in and expenses derail plans. But an early-in-the-year setback, like paying your health insurance deductible or the credit card bills after a costly December, doesn't have to knock you off…

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January 27, 2023

Establishing trust with LGBTQIA+ clients

Navigating the legality of relationships is already an exhausting process for most queer folks, and the impact on their finances is no exception.

Wall Street rises as Fed rate move nears, earnings ramp up

January 27, 2023

Wall Street kicked off the week with a broad stock market rally Monday, as investors look ahead to a busy week of company earnings reports and grow more confident that the Federal Reserve will turn the screws on the economy less aggressively. The S&P 500 rose 1.2%, led by tech companies. On one hand, they've benefited from hopes that the nation's high inflation will…

Retiree medical costs are soaring

January 27, 2023

If you’ re a retiree dealing withMedicare, you’ ve just noticed that your increased Social Security benefit is being reduced substantially by rising costs for MedicarePartBandPartD, aswell as by increased costs for drugs thatmay be only partially covered by insurance. Andthis is just the start, according to anewreport by the Employee BenefitResearch…

January 26, 2023

For some, nothing to fear from taking RMDs, professor says

Clients may not be happy about taking required minimum distributions if they don’t need the money right now, but there are some ways advisors can help ease their concerns.

Half of investors plan to work after retirement

January 26, 2023

Turbulent market conditions and rampant inflation have forced investors to consider working after their retirement, according to a Nationwide Retirement Institute study.

Cetera to acquire Securian’s retail wealth business

January 26, 2023

The transaction includes a broad strategic partnership agreement aimed at aligning the interests of the two organizations, including an arrangement whereby Securian Financial will distribute its individual life and annuity products through Cetera’s affiliated financial professionals.

January 26, 2023
Study: Education level should drive decisions on Social Security, annuities.

Study: Education level should drive decisions on Social Security, annuities

Less educated people tend to live shorter lives, so they should delay Social Security and use their retirement funds as a bridge, while better educated have longevity and should buy an annuity and not delay Social Security, according to a study.

Former California energy company exec given 5 years in prison for $15M investment fraud

January 25, 2023

The U.S. Attorney for the Northern District of California, Stephanie M. Hinds, issued the following news release on Jan. 24, 2023:. According to court documents, Dodson engaged in a scheme between November 2012 and May 2015 to defraud investors while serving as the executive chairman and managing partner of Citadel Energy Partners, which purported to provide…

Litigation: SEC charges Wisconsin adviser with defrauding senior clients

January 25, 2023

The Securities and Exchange Commission issued the following litigation release involving Anthony B. Liddle:. The Securities and Exchange Commission today filed a litigated action charging Anthony B. Liddle, a resident of Wausau, Wisconsin, with defrauding at least 13 investment advisory clients of approximately $1.9 million. The SEC's investigation, which…

Colorado launches SecureSavings retirement program

January 25, 2023

State Treasurer Dave Young led a discussion of the program this morning as he opened the portal. Colorado SecureSavings offers workers access to a Roth Individual Retirement Account that is managed by Vestwell State Savings LLC, which does business as Sumday Administration. Sumday and the Bank of New York Mellon have responsibility for day-to-day…

Commercial lending is a mixed bag across the country, bankers say

January 25, 2023

Last week, the Federal Reserve reported that lending activity is down in some parts of the country but up in others. At First Pacific Bank in Southern California, demand for loans has been pretty strong lately. "I did expect it to cool off a little bit with interest rates going up, but I think everyone's kind of taking that in stride," said Nathan Rogge, First Pacific…

January 24, 2023

How creating value will turn you into an introduction machine

When everyone profits. you have a sustainable relationship that will grow over time.

January 24, 2023
6 steps for struggling financial advisors to develop a successful marketing strategy.

6 steps for financial advisors to create a successful marketing strategy

While market volatility, compliance pressures and a competitive landscape have created a challenging environment for financial advisors seeking new clients, a defined marketing strategy can lead to greater success, according to a recent Broadridge Financial Solutions survey.

Majority of Americans are more concerned about paying bills than planning their financial future

January 24, 2023

The vast majority (82%) of Americans say they are worried about rising inflation continuing to have a negative impact on the purchasing power of their income in the next six months.

JPMorgan files lawsuit against Wharton grad, saying her financial aid company was a fraud

January 24, 2023

JPMorgan Chase filed a civil lawsuit last month against Charlie Javice, a 2013 graduate from the University of Pennsylvania's Wharton School and founder of the start-up Frank, a company that aimed to simplify the financial aid process for college students. JPMorgan bought Frank from Javice in 2021 for $175 million and made her its managing director for…

Millennial Money: Rekindle fizzling financial resolutions

January 24, 2023

Save more, spend less and pay off debt are popular New Year’ s resolutions— and perhaps the ones most likely to fall by the wayside a few weeks into the year when reality sets in and expenses derail plans. But an early-in-the-year setback, like paying your health insurance deductible or the credit card bills after a costly December, doesn’ t have to knock you off course.

Market preview: A feisty bear-bull debate

January 23, 2023

The pandemic and its aftermath don’t come with a historical playbook. We haven’t been here before.

January 23, 2023
Will ChatGPT artificial intelligence replace financial professionals any time soon?

Will ChatGPT, artificial intelligence replace financial professionals any time soon?

Will artificial intelligence replace financial advisors or insurance agents anytime soon? The consensus is that it won’t in the near future, but AI can provide some assistance and a little bit of fun in the meantime.

Fed explores equity amid shifting work patterns

January 23, 2023

The region's highly skilled and educated workforce and the presence of leading health care, higher education and technology organizations here position New England well for the future, Federal Reserve Bank of Boston President Susan Collins said Thursday. But slowing population growth and labor challenges exacerbated by changes in the ways people work…

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