Commentary: LTCI can be a “lifetime gift” for parents Paying for a long-term-care insurance policy for parents can be a meaningful “lifetime gift,” writes Robert Klein of the Retirement Income Center. Doing so can provide peace of mind and ensure the children won’t have to take on the responsibility if…
Survey: 57% of Americans say life insurance helps shield family finances A WellPoint survey says 57% of Americans said life insurance is an important financial safeguard for a family, and 67% of respondents reported having a life policy. Sixty-eight percent said saving for retirement is a key financial protection, and…
Commentary: Advisers should consider key factors in tech purchases Advisers should answer a few crucial questions before going ahead with an investment in new technology, such as whether the technology will make them more efficient, writes Ed O’Brien of Fidelity Institutional. InvestmentNews (free registration)/TechTalk blog (8/8)
Most advisers aren’t seeking out young clients, survey says The needs of young workers in the U.S. are getting almost no attention from financial advisers, according to a survey by Principal Financial in which 18% of the advisers said they target millennials. The Des Moines Register (Iowa) (tiered subscription model)…
An adviser’s first job: Keep clients calm The ups and downs of the markets and the world economy can make even a seasoned investor queasy. Morey Stettner writes that a financial adviser’s first task is to use reason to allay clients’ fears about investing. Investor’s Business Daily (8/8)
Measure would boost Medicare auditors’ training for LTCI providers A House bill aims for Medicare auditors to establish formal training programs and increase education for long-term-care insurers and other providers. Among the information that would be supplied under the bill are audit-related updates and information on common and costly payment…
Adviser uses annuity trust to solve complex estate issue The discovery that a client’s estate plan was based on a universal life policy that was severely underfunded triggered a search for a solution. The client’s financial adviser ended up establishing a grantor remainder annuity trust to resolve the issues. The…
Savings are a concern for many Generation X women, survey finds Some 62% of women in the Generation X age group are concerned that they aren’t saving enough money to prepare for their needs in the future, according to a survey by Ameriprise. Two-fifths of female Generation X respondents said…
Advisers often fail to work with both spouses The relationship between a financial adviser and a client can become strained when the adviser doesn’t try to get equal input from both partners in a marriage and doesn’t understand the difference in how men and women approach investment, experts say. In…
Commentary: How clients can prepare to live to 90 and beyond People have an increasing chance of living to age 90 and beyond, Lynette Gil writes. In planning for that possibility, they need to consider long-term-care and health insurance while examining factors such as where they will live, how they…
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