If you are an adviser working with qualified plans and IRAs, you do not want to miss NAIFA's Skill Builders Series Workshop "Serving Your Clients with Fiduciary Compliance." This four-hour course will give you the information and training you need to succeed in today's complex regulatory environment. By now, you…
Listening to clients, guiding them to a healthy strategy and connecting assets to income are key ways advisers can help clients foster better personal-finance habits, writes Sarah Newcomb, a behavioral economist at Morningstar. ThinkAdvisor (6/13)
A new kind of fixed indexed annuity can be used to avert adverse tax consequences that sometimes arise when the annuity's owner and its annuitant are different individuals, write William Byrnes and Robert Bloink. "Whether an annuity contract is annuitant-driven or owner-driven can be of critical importance," they write. "However,…
The 2016 Northwestern Mutual Planning & Progress Study has found that most people are dealing with financial stress, and 36% of respondents say the anxiety is intensifying. More than half of respondents call unexpected expenses a top concern. BenefitsPro.com (6/14)
In surveys of people who have bought its annuities, TIAA has found that 92% of its customers are happy with their decision, says Roger Ferguson, the company's president and CEO. "There is no buyers' remorse when it came to the major source of their retirement income, which is an annuity,"…
When preparing for the future of a family member with special needs, two broad economic objectives need to be accomplished. First, protect existing sources of income and medical resources, including those available through the government and also nonprofit needs-based programs. Second, create additional funding sources to help meet the individual’s…
Financial advisers who find their differentiators can reach a new level in their careers, Matt Oechsli writes. Differentiators include specializing in a niche or demographic, having specific industry credentials, serving a specific geographic area and offering a unique cost structure, Oechsli writes. WealthManagement.com (U.S.)
In property & casualty insurance, both personal and commercial lines continue to face the headwinds of a changing industry. According to MarketScout.com, commercial lines premiums have been steadily decreasing since September 2015, and personal lines premiums have been on the decline since October. A soft market is predicted for the…
There is no chance the Federal Reserve will resume rate increases at its June policy meeting, and the odds of a July increase are fading, say economists after May's statistics revealed a sharp decline in hiring. Fed Governor Lael Brainard said in the speech Friday that the central bank should…
A survey by Northwestern Mutual finds most people believe they could outlive their savings in retirement, with 34% of respondents saying there is a 51% chance this will happen to them. Some 44% of respondents said they had taken no action to improve their ability to avoid outliving their nest…
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