Emma Seppälä, Contributor May 12, 2017, 1:30 PM We think charisma is a gift, a special charm that some people have and others don't. In researching my book "The Happiness Track," however, I found that charisma is not so much a gift as a learnable skill you can master. What presence…
Income annuities tend to be straightforward products that avoid the need to make systematic withdrawals from retirement portfolios, which are factors that could help retirees and pre-retirees aged 60 and older, said Jamie Hopkins of The American College of Financial Services. "For people with low literacy rates who are probably…
Clients might still need advisory services and can provide revenue after they've retired, says Graham Strategy CEO Gail Graham. However, advisers must redefine their message and act as more of a retirement coach if they want to stand out from big players in investment advice, Graham says. Financial Advisor online…
A Fidelity Investments survey found that average 401(k) balances reached a record $95,500 in the first three months of 2017, compared with $74,900 five years ago. The growth was helped by stock market performance and an increased savings rate, which hit a record 12.9% in the first quarter, the survey…
Practical considerations often make it wiser for people to annuitize part of their retirement portfolio than rely entirely on investment income, notes Wade Pfau of the American College of Financial Services. "Those favoring spending and true liquidity will find that it is much more difficult than commonly assumed for an…
Labor Secretary R. Alexander Acosta has told Sen. Tim Scott, R-S.C., he intends to put the department's fiduciary rule on hold in a way that will stick, says an aide from Scott's office. Although Acosta has not spoken publicly on the rule, which is to take effect in June, the…
The millennial generation is much more likely to reallocate retirement investments during periods of market volatility than older people are, finds a survey by Massachusetts Mutual Life Insurance. In addition, millennials are far less likely to seek financial advice from a professional, with only 8% of millennial survey respondents doing…
Marti DeLiema, a post-doctoral fellow at the Stanford Center on Longevity, includes use of annuities among the strategies that help protect older retirees from exploitation and fraud. Taking income from an annuity makes it more difficult for criminals to gain access to retirees' savings, he explains. CBS MoneyWatch
The irony of long-term care insurance is that most people (consumers, employers, and advisors) believe that a plan for long-term care is essential to retirement readiness. Yet, in practice, no one wants to talk about it. Consumers wish the advisor would bring up the subject, but won’t bring it up…
The Treasury Department's review of the Dodd-Frank Act won't be finished by the early-June deadline President Donald Trump has set, people familiar with the matter said. Findings reportedly will be rolled out in stages. Reuters (5/8)
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