Allan Roth of Wealth Logic discusses 10 tactless-but-true things he tells clients that differentiate his firm and add value. These include that he cannot predict the future and asking clients whether it is their “goal to die the richest person in the graveyard.” Financial Planning online
Minutes of the Federal Reserve’s May meeting suggest interest rates are likely to increase in June. “Most participants judged that if incoming information broadly confirmed their current economic outlook, it would likely soon be appropriate … to take another step in removing policy accommodation,” according to the minutes. Reuters
Sens. Todd Young, R-Ind., and Cory Booker, D-N.J., have introduced legislation to create a federal commission to look for ways to improve retirement security for private-sector workers. The commission would consider proposals to help the mobile workforce, and gig and part-time workers, and review policies from other countries, including the…
A critic of fixed-indexed annuities argued that buyers are giving up growth when, in fact, they are choosing safety for their invested funds, writes financial planner Stephen Kelley. He discusses the benefits of FIAs and the fallacy of believing “that everything is a choice between the market and some inferior…
Ownership rates for employer-sponsored retirement plans have held steady over the past five years but the amount savers are contributing has dropped 5 percentage points, while taxable brokerage account ownership has risen 10 percentage points, according to Hearts & Wallets data. Roth retirement plans and 529 plans are in demand,…
Each insurer has guidelines on how old children must be before parents can purchase life insurance for them, but it’s almost never too early to do so, writes Edward Auble owner of Auble Financial and former president of NAIFA-Pennsylvania. Life insurance for children is inexpensive, and buying a policy early…
Annuities can be helpful in preserving client assets while also maintaining eligibility for Medicaid long-term care benefits, but the rules are complicated and it is important to comply with them, according to elder law specialist Yale Hauptman. “There is great danger in attempting it and failing,” he says. Financial Advisor…
Welcome to the relaunch of our popular Self-Directed Power Lunch (SDPL) meetings. At our SDPL meeting on Tuesday April 24th 2018, co-host Leizer Gewirtzman, CPA ChSNC (Financial Advisor and Chartered Special Needs Consultant at Mass Mutual) did a superb job addressing questions related to financial planning for a family…
Women planning for retirement should consider the possibility that they won’t be able to work indefinitely past age 65, writes Rebecca Lake. Annuities, long-term care insurance and life insurance are products to consider, she writes. U.S. News & World Report
The Federal Reserve is expected to leave rates unchanged at this week’s meeting, but more rate hikes are likely later in the year. Steady economic growth and rising inflation have many economists predicting three more rate increases this year. The Associated Press
Main office
BROOKLYN OFFICE
Copyright © 2023 BrokersCentral. All Rights Reserved.
