Annuity and life insurance agents are waiting to see whether New York state’s approval of tough rules for these products will lead to the adoption of similar measures in other states. A number of financial professionals weigh in on the chances, with one saying that “New York, because of its…
Financial advisors should help clients prepare for the possibility of being either a caregiver or care receiver, writes financial planner Bryan Kuderna. IRAs and cash value life insurance can offer liquidity for those who retire early to become caregivers, while long-term-care insurance or setting aside money for a stipend to…
A survey by the Alliance for Lifetime Income reveals potential impediments to consumers purchasing annuities, including fear, apathy and a lack of money. Members of the Insured Retirement Institute and the National Association of Insurance and Financial Advisors held conferences last week to discuss the retirement savings gap. ThinkAdvisor
Assets in US index-based equity mutual funds and exchange-traded funds exceeded assets in active stock funds for the first time in August, after years of growth for passive investment. The shift represents a milestone for the financial industry. Bloomberg
The lives of millions of Americans in retirement could be shaped by three major pieces of legislation awaiting action in the Senate, the Setting Every Community Up for Retirement Enhancement Act, the Rehabilitation for Multiemployer Pensions Act and the Retirement Security and Savings Act. It isn’t clear whether any of…
The Independent Insurance Agents & Brokers of New York is appealing a decision by acting Albany County Supreme Court Justice Henry Zwack that upholds a state best-interest standard for the sale of annuities and life insurance. Some major insurers have stopped selling annuities in New York as a result of…
Clients should communicate with their families about their estate plans to avoid the “big reveal” after they die, writes Brad Wheeler of AssetMark Trust Co. He suggests encouraging clients to sit down with family members and explain decisions or do so in a written document. WealthManagement
Seven states and the District of Columbia have asked a US court to strike down a rule from the Securities and Exchange Commission that lets brokers recommend products that benefit the broker as long as conflicts of interest are disclosed to clients. The plaintiffs say in their court filing the…
An understanding of emotional and personal issues can help advisors provide additional value for clients and help them make a successful transition to retired life. Clients may face certain challenges after leaving the workforce, including a potentially diminished social circle. Financial Advisor online
People who bought life insurance policies in their 20s explain why they are glad they did. Several mentioned the peace of mind it provides, while one pointed out that he avoided higher premiums based on risk factors that showed up later in life. Business Insider
Main office
BROOKLYN OFFICE
Copyright © 2023 BrokersCentral. All Rights Reserved.
