Haven’t made Top of the Table yet? The ideas from this 1 hour session will get you there! TOT Advisor Jim Silbernagel, CFP®, LUTCF presents how to take advantage of the tax code changes that went into effect for 2016 for your retired clients. People are getting their tax returns…
Most states are pondering big changes to pension laws amid rising shortfalls and the struggle to provide retirement income for public-sector workers. Forty-five states enacted laws affecting pensions in the past year. The Wall Street Journal (tiered subscription model) (12/30)
Nearly three-quarters of adults significantly underestimate the costs of long-term care, and just 22% think they will ever need such care, Lincoln Financial Group says. InvestmentNews (12/30)
More states are considering laws to require advisers to report suspected financial abuse of elderly people. The current system puts advisers and firms “in between a sort of legal rock and hard place,” said Steve Kline of the National Association of Insurance and Financial Advisors. The Wall Street Journal (tiered…
The Labor Department’s proposed fiduciary rule could cost financial-services firms $2.4 billion a year or more, according to Morningstar research. That’s higher than other estimates. The measures could “drastically alter the profits and business models of investment product manufacturers,” said Stephen Ellis of Morningstar. InvestmentNews (12/30)
Clients who build trust with their financial adviser are able to focus on the big picture, leaving planning details to the adviser, CFP Joe O’Boyle writes. He cites a relationship with one client to illustrate how the process evolves over time. U.S. News & World Report (12/29)
When arranging long-term care coverage for her clients, financial adviser Shirley Luu recommends a fixed indexed annuity with a long-term care rider rather than a stand-alone LTC contract. “With a fixed-indexed annuity, the long-term-care rider is an option along with a lifetime stream-of-income rider,” she says. Financial Advisor online (12/29)
Social Security claiming strategies will be a pressing adviser-client topic in the new year, suggests the InvestmentNews 2016 Outlook survey of advisers. Retirement planning and withdrawal strategies will also be major topics. InvestmentNews (12/28)
Insurers should embrace microinsurance — small policies covering a specific event for a short time — to cater to millennials and take advantage of technological changes, writes Raj Ramanand, CEO of Signifyd. Advantages include the ability to try new types of coverage and to quickly adapt to changing behavior, Ramanand…
Advisor 2020, the NAIFA-sponsored research project, identifies “the new retirement culture” as a growing opportunity for advisers over the second half of this decade. Americans are woefully unprepared for retirement, and many are pessimistic about their prospects for retiring comfortably. They are desperate for advice and services, and NAIFA members…
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