Common wisdom states that investors fire their advisors because of unhappiness with their returns. But that’s not always the reason, two Morningstar behavioral experts said.
A new J.D. Power survey finds that 43% of producers fill out annuity applications for their clients. They are the buyers least likely to understand what they bought.
The proliferation of so-called “financial experts” using half-truths and polished scripts to peddle life insurance on TikTok and YouTube is concerning to many in the industry.
The U.S. population reaches Peak 65 this year, meaning that more than 30 million Americans will reach age 65 between now and 2030. The majority of this age group will have no protected income in retirement.
Congress will fix Social Security — eventually, a panel agreed Wednesday at an American Academy of Actuaries event. Raising the taxable minimum might be the answer.