Governments and central banks must come up with new economic policies if they are to avoid recessions that are deeper and more difficult to avert, Federal Reserve Bank of San Francisco President John Williams writes in the bank's Economic Letter. "There is simply not enough room for central banks to…
Life insurance carriers worldwide are raising premiums or curtailing sales of certain products amid near-zero or negative interest rates, prompting a consumer backlash. The New York Times (8/13)
Americans getting help from financial advisers are twice as likely as those who aren't to say they are "very confident" they won't outlive their retirement savings, a survey by Ramsey Solutions found. In the same survey, 56% said anxiety over retirement was interfering with their sleep. The Washington Post (tiered…
Financial-services trainers Stephen Boswell and Kevin Nichols offer 10 warning signs that a client is about to leave an adviser. WealthManagement.com (U.S.) (8/11)
The ability of annuities held within individual retirement accounts to reduce required minimum distributions is a valuable benefit, but it can be a complicated one of execute, according to William H. Byrnes and Robert Bloink. "Because a separate set of rules governs each individual type of annuity that may be…
The IRS has published a new revenue procedure that offers sample language that can be included in the agreement document of a charitable remainder annuity trust to eliminate the risk of the trust being disqualified. The trusts are gaining popularity in estate planning and planned giving. Accounting Today (8/9)
People supporting both parents and children, referred to as the "sandwich generation," often lack extra money for life and long-term-care insurance, writes Jeffrey Phillips of Rehmann Financial. A good way to market products to this group is to offer convertible term policies as well as life insurance policies with long-term-care…
Lawyer Marcia Wagner explains how the Labor Department's fiduciary rule applies to some types of investment advice and what kinds of advice are excluded. ThinkAdvisor (8/4)
Advisers can help families finance a more independent, healthier life for people with disabilities by informing them about ABLE accounts. This article explains some of the basics of these tax-advantaged accounts, including contribution limits and investment choices. ThinkAdvisor (8/5)
The new fiduciary rule stands to have an enormous impact on the financial services industry, and it is important that companies consider its implications in their communications with current and prospective customers, writes Gregg Dinino of Roberts Communications. "At a baseline, firms should be striving to clearly define what exactly…
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