Retirees’ use of income annuities is similar to people’s use of sharing services such as Uber and Airbnb because they are built on trust, use pooled resources and lead to satisfaction among consumers, writes Ross Goldstein of New York Life. National Underwriter Life & Health (10/13)
Brokers must be armed with data when talking about disability insurance, but they also need to put statistics into the context of the beneficiary’s life, says Carol Harnett, president of the Council for Disability Awareness. Contrary to what consumers tend to think, illness accounts for a far larger proportion of…
Four out of 10 members of Generation X, people aged 35 to 50, doubt they have saved enough money for a comfortable retirement, according to research by the Insured Retirement Institute. Only two-thirds have saved for retirement at all, IRI found. USA Today/NerdWallet
Financial-services reform on Capitol Hill and the role insurance agents and financial advisers play in helping consumers secure long-range financial security were among the topics discussed at NAIFA’s 2015 Career Conference & Annual Meeting. Look for coverage of sessions on the Advisor Today Blog.
Scott Kahan, founder of Financial Asset Management, discusses why and how he transitioned his firm to a retainer fee model. While advisers who relied on asset-based fees experienced large drops in revenue during the financial crisis, his revenue actually increased a bit, he notes. InvestmentNews
More than 100 US House Republicans signed a letter that gives Labor Secretary Thomas Perez until Oct. 21 to provide an explanation of how the department intends to make “substantial changes” to problems with its proposed fiduciary rule. The letter urges the department to give stakeholders a chance to review…
Almost 9 in 10 retirement savers “want investment options that align with their values,” according to Calvert Investments data. More than 8 in 10 are seeking “socially responsible” investment opportunities. MainStreet.com
Reverse mortgages are a potentially important but often overlooked source of retirement income, writes Jamie Hopkins of the Center for Retirement Income at the American College. “The lack of focus on home equity … is nothing short of a complete failure to properly plan and utilize all available retirement assets,”…
Financial professionals agree that estate planning is important. However, such plans are “also extremely easy to disrupt. When you have so many pieces working in concert, even small missteps can cascade into outsized damage,” writes David Lenok, who discusses some common mistakes. WealthManagement.com (U.S.) (
A healthy couple retiring at age 65 needs to be prepared for $245,000 in health care expenses, a Fidelity study says. Last year’s estimate for such costs was $220,000. Greater life expectancies are a contributor to the rising cost, Fidelity says. PlanAdviser.com
Main office
BROOKLYN OFFICE
Copyright © 2023 BrokersCentral. All Rights Reserved.
