People getting close to retirement should develop a strategy for dealing with potential long-term-care costs, writes Steve Vernon, a research scholar at the Stanford Center on Longevity. "This can include buying long-term care insurance, keeping your home equity in reserve if you need to pay for long-term care, buying a…
A survey by Allianz Life Insurance Company of North America found that 29% of Americans are more likely than in the past to seek advice from a financial professional in 2017. That's the highest percentage in the survey's history. ThinkAdvisor (12/21)
The Federal Reserve's latest interest-rate boost and the prospect of further increases will cut both ways for retirement accounts. To begin, the value of currently held bonds will decline, but the rising value of 10-year Treasury yields should more than make up for this over time, writes Penelope Wang, who…
There are many factors to consider in deciding when to file for Social Security benefits, including health and life expectancy. Although income increases for those who wait to file, waiting isn't the right answer for everyone. Kiplinger.com (12/13)
The Federal Reserve has raised its key interest rate to between 0.5% and 0.75%, responding to a growing economy and a strengthening labor market. The increase is only the second since 2008, but the central bank has signaled that the pace will pick up in 2017. Bloomberg (12/14)
Fidelity Investments' 2016 Millennial Money Study shows mutual funds are the favored investment of the 60% of the group with retirement accounts. When investing in mutual funds, millennials need to consider their investment time frame, maximize tax efficiency, evaluate fees and focus on the long term, experts say. U.S. News…
Retirees may need to reconsider their timing of income withdrawal from annuities, pensions and Social Security if President-elect Donald Trump's tax cuts proposed during the campaign become law, Jeff Fosselman writes. "With a potentially lower rate environment on the horizon, it is essential to review income planning," he writes. Next…
The US Chamber of Commerce is calling on President-elect Donald Trump to act immediately upon taking office to do away with the Labor Department's fiduciary rule, said Thomas Donohue, the Chamber's president and CEO. If allowed to take effect, the rule will "choke economic growth, increase frivolous litigation against financial…
Sharing your clients and prospects with other salespeople in exchange for them doing the same could lead to more business with better clients, writes Lew Nason of Insurance Pro Shop. Sharing clients with other reputable salespeople can help you establish yourself as a trusted advisor and prevent you from losing…
President-elect Donald Trump may repeal the Labor Department's fiduciary rule, and that would be a good thing, this editorial argues. The rule's "best interest" clause is vague, and the threat of lawsuits for not acting in clients' best interests could stifle innovation, the editorial says. Quartz (12/11)
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