Among ways advisers can assist clients with estate planning are to establish a financial power of attorney for adult children, set up proper distribution of individual retirement accounts and stocks between charities and family, and keep insurance policies in force, writes Kevin McKinley of McKinley Money. WealthManagement.com (U.S.) (11/30
New rules about Social Security claiming strategies present opportunities for advisers, who can use them to deliver new client solutions. One idea is to reach out to clients who might be grandfathered and discuss options. InvestmentNews (11/27)
Bureau of Labor statistics data show that 17.7% of people age 65 and older remain in the workforce, up from 11.7% two decades ago. Some people are working longer because of financial insecurity, and some are seeking a phased retirement, surveys show. The Columbus Dispatch (Ohio) (tiered subscription model)/The Associated…
The holiday season may not bring glad tidings in all areas of life, with 60% of consumers saying giving gifts puts a strain on their finances, an Experian survey says. Financial Advisor online (11/24)
The health insurance open enrollment period is also a good time to discuss life insurance, and group plan carriers have developed educational materials that appeal to generational preferences. Purchasers of supplemental life products should be thinking ahead to life-changing events and even retirement, experts say. Life insurance discussions can also…
Advisers should encourage clients to discuss major financial and life issues with family around the time of holiday gatherings, writes Abby Schneiderman of Everplans. The issues that should be covered include where wills and insurance policies are kept and how end-of-life care and funeral services should be handled, Schneiderman writes….
A potential bubble in the technology sector is likely to affect everyday investors because actively managed mutual funds and pensions may own parts of some of the largest startups, Allison Schrager writes. Quartz (11/24)
More than 70% of women who are the primary source of income for their families would like a financial adviser to help them talk about financial matters with their partners, a survey by the Family Wealth Advisory Council says. Providing this kind of assistance can help advisers differentiate themselves from…
About a third of survey respondents think James Bond needs life insurance, surpassing the proportion who think such coverage is necessary for fictional characters who are raising a family, Life Happens says. Experts say that highlights a problem: Many people have the wrong idea about what and whom life insurance…
By: Danny Wood 5-Star Prospects Michael returned to the office after having (what he described as) a “great” sales call where he uncovered a “great” opportunity with a new prospect. His enthusiasm for getting to work on a proposal was only exceeded by his prospect’s expressed enthusiasm for receiving it….
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