Many people take Social Security early and put off tapping into their IRAs and 401(k)s until they must. But that’s the opposite of what most should do, because waiting until 70 to take benefits can pay off in more ways than one.
Read moreLet’s take a look at some potential income and tax planning strategies that our prospects and clients may want to consider.
Cultivating relationships with advisors will play a vital role in the growth of exchange-traded funds, a report found.
Revenue from managed or fee-based accounts were responsible for 51 percent of financial advisor revenue last year, new research has found.
DENVER—Research funded by the National Endowment for Financial Education® (NEFE®), and conducted by the Global Financial Literacy Excellence Center at…
New research by the Employee Benefit Research Institute (EBRI) finds that retirees are not spending down their accumulated assets to…
PARK RIDGE, Ill. (April 16, 2018) — A recent study conducted by the Million Dollar Round Table (MDRT) finds many…
April 16– Bank of America said it made a record $6.9 billion in profit during the first three months of the year as the bank got a lift from rising interest rates and new cuts to corporate taxes. Revenue rose 4 percent to $23.1 billion in the latest quarter in which Federal Reserve increases in short-term interest rates have helped boost the bank’s results.
CHICAGO – New LIMRA Secure Retirement Institute (LIMRA SRI) research finds single retirees – particularly single women retirees – feel…
–The majority of 401 consultants support additional services in defined contribution retirement plans as participants rely more heavily on such funds when they retire, according to according to the 12th annual PIMCO Defined Contribution Consulting Support and Trends Survey published by PIMCO, one of the world’ s premier fixed income investment managers..
Let’s take a look at some potential income and tax planning strategies that our prospects and clients may want to consider.
Last week, the Wall Street Journal published an article about an issue we’ve covered since last year: Vanguard Group, our local mutual fund giant, is grappling with both a blessing and a curse. The company’s signature index funds, created by founder John Bogle, have won widespread acceptance. My colleague Joseph N. DiStefano’s story in January 2017 asked whether…
Today, roughly one in five women in the U.S. doesn’ t have children. Thanks in part to this decline in birthrate, for the first time in U.S. history, there may soon be more elderly people than children. The cost of having children in the U.S. has grown exponentially since the 1960 s, when the government first started collecting data on childhood expenditures.
–Retirees and pre-retirees overwhelmingly express concerns about protecting retirement savings from stock market losses yet many say their primary investment goal is to grow rather than to preserve assets, according to a new study from Massachusetts Mutual Life Insurance Co.. “Both retirees and pre-retirees say they worry that a major downturn in the…
WASHINGTON, D.C. – The Insured Retirement Institute (IRI) today released the findings from its fourth biennial report on Generation X and…
STUART– The increase in volatility to start 2018, coupled with the almost 9- year bull market run has caused many sophisticated investors to question when to buy and when to sell. So, it’s important to remember that there is a very simple investment strategy that doesn’t require you to stare at trading screens all day– dollar-cost averaging.
A new study by the Employee Benefit Research Institute (EBRI) examines the debt of the older American families, and notes…
Louisville, KY – In the wake of the recent passage of the most dramatic tax reform package in nearly three…
Milwaukee — HSA Bank, a division of Webster Bank, N.A., released the HSA Bank Health & Wealth IndexSM for 2018,…
March 15– A state appeals court has affirmed the verdict and damages in a Marin County fraud trial involving a group of former employees at Fireman’s Fund Insurance Co.. The plaintiffs, who worked at the insurance giant when it was based in Novato, filed the lawsuit in 2009 and sought $30 million in damages. The seminars were conducted by an outside vendor, AGA…
From lavish spending to social withdrawal, what to look for to ensure an aging loved one isn’t a victim of elder financial abuse.
–The latest Northwestern Mutual C.A.R.E. “This study validates the importance of thinking ahead, which empowers people to create options by taking control of the process,” said Kamilah Williams-Kemp, vice president, long-term care, Northwestern Mutual. While 48% of experienced caregivers say they are/were least equipped to provide financial support, 7 in 10…
U.S. single premium pension buy-out product sales were $11.1 billion in the fourth quarter of 2017, a 96 percent increase compared with fourth quarter 2016 results. This is first time that fourth quarter buy-out sales have surpassed $10 billion in the last 5 years and the 11th consecutive quarter of sales over $1 billion, according to LIMRA Secure Retirement…
Elections on the calendar for developing economies around the world in 2018 may bring more volatility to emerging-market funds, which were some of last year’s biggest winners. Much attention is on elections in Brazil and Mexico, which are two of the larger components of many emerging-market funds.
The Securities and Exchange Commission today announced that a Minnesota- based broker-dealer and investment adviser has agreed to settle charges for recommending and selling higher-fee mutual fund shares to retail retirement account customers and for failing to provide sales charge waivers. According to the SEC’s order, Ameriprise Financial Services…
–According to a new study from financial services firm Edward Jones, more than half of Americans are not actively contributing to an employer-sponsored 401 retirement account. “While 401 participation has increased over the years, there continues to be opportunities for Americans to better utilize not only employer plans, but they may also be overlooking…
Brighthouse Financial, a major provider of annuity and life insurance solutions in the United States, announced today a new version of its FlexChoice variable annuity living benefit rider. The FlexChoice Access rider is the latest enhancement to the Brighthouse Financial annuity family, and reflects the company’ s ongoing commitment to driving greater…
By a News Reporter-Staff News Editor at Insurance Weekly News– Nearly three-quarters of U.S. investors are concerned about a market correction, yet more than a third said they were unsure what they would do with their savings if they pulled it from the stock market. These are some of the major findings of a Global Atlantic Financial Group national study of U.S….
A sudden fear of surging inflation and higher interest rates helped ignite the past week’s stomach-churning stock market losses and violent bouts of volatility. Does that mean much higher inflation is on the way? Not necessarily. So far, the gauges that economists monitor show little evidence that price increases are on the verge of accelerating.
In response, regulators at two key federal agencies- the Securities and Exchange Commission and the Commodity Futures Trading Commission- sought to strike a delicate balance in their testimony to the Senate panel. “We may be back with our friends from Treasury and the Fed to ask for additional legislation,” said Jay Clayton, the leader of the SEC, referring to the…
Fresh off a growth capital investment from Eldridge Industries, DPL Financial Partners announced the addition of 10 new professionals, including a half-dozen experienced insurance consultants, accelerating its initiative to bring low-cost, commission-free insurance products to RIAs and their clients.
–Overstock.com, Inc. announces the launch of a digitally-driven investment platform, presented by tZERO Advisors. For a monthly fee of $9.95, investors can either select from a group of pre-established Adaptive Dynamic Portfolios matched to their investment profiles, or create a customized blend of these portfolios. “This service introduces robo-advising…
The typical saver is on track to have 80 percent of the income they’ll need to cover retirement costs, according to a survey by Fidelity Investments. That’s the highest score since Fidelity’s surveys began in 2005, when the figure was 62 percent.
An eye-opening new TD Ameritrade survey of 1,000 investors shows that 96 percent of people know how much they pay each month for streaming media services like Netflix, Hulu and Spotify and yet just 27 percent know how much they’ re paying in fees on their 401 accounts. “While often overlooked, fees can put a drag on investment performance and impact portfolio value…
The fund’s performance also lagged the broader market after a fast start: Its annualized return since launching in the summer of 2013 has been right at 5 percent, less than half the gains of the Standard& Poor’s 500 Index over that time. As of Friday, the ETF had just $7.3 million in net assets, down from roughly $14 million at its peak and up only slightly from the…
