Cam Marston argues that it’s time to reach out to millennials, the oldest of whom will turn 36 in 2016. “The bulk of this generation was born between 1990 and 2000, so there is still time to get comfortable with some new approaches,” Marston writes. Investment Advisor (1/2016)
Rules proposed by the Financial Industry Regulatory Authority would limit political contributions by brokers seeking work from government entities to $350 in election years and $150 in non-election years. In 2010, the Securities and Exchange Commission imposed similar restrictions on investment advisers. InvestmentNews (12/28)
More investors are interested in “impact investing” to align their investments with their personal values, which has led to new products, James Green writes. Women and millennials are especially interested, Green writes. Investment Advisor (1/2016)
The fixed indexed annuity industry expects strong sales to continue next year, says Jim Poolman of the Indexed Annuity Leadership Council. “The FIA has become a go-to product for baby boomers, who are typically financially conservative by nature and looking to keep their money safe,” he says. LifeHealthPro (12/28)
Because the rules for qualified longevity annuity contracts allow withdrawals to be delayed longer than other qualified accounts, they offer valuable tax-cutting opportunities. The exact amount of the tax benefit depends upon the individual’s specific circumstances. The Motley Fool (12/28)
As American workers become increasingly insecure about their ability to save for a traditional retirement, NAIFA has launched the “Trust a NAIFA Advisor” ad campaign to tell consumers that affordable and informed financial advice is well within reach. The multimedia campaign includes video, print and Web placements to urge consumers…
Leah Miller of Red Anchor Wealth Management advises women to plan on outliving their spouse and not to count on a windfall from parents. Financial Advisor online (12/24)
Female investors tend to outperform their male counterparts, possibly because of women’s willingness to seek help, aptitude for staying the course and tendency to save, Arielle O’Shea writes. NerdWallet (12/26)
Qualified longevity annuity contracts, which defer payouts, can be used to improve the tax efficiency of retirement savings, Elliot Raphaelson writes. If a QLAC is held within a traditional IRA, it can be used to defer 25% of the IRA’s account balance, Raphaelson writes. Chicago Tribune (tiered subscription model)/Tribune Content…
Anyone pondering the future of the wealth-management industry should focus on the long term, or at least three to five years into the future, writes Matt Oechsli, who cites three critical areas: technology, affluent households and comprehensive wealth management. WealthManagement.com (U.S.) (12/24)
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