Young advisors can have their careers stunted by bad advice, writes Allan Boomer of Momentum Advisors. He offers four myths that young advisors often encounter, including that they should work with young clients and that they must develop a niche. Financial Planning online
Analysts project US GDP growth of 1.7% next year, prompting economists to discuss the long-held belief that a recession is inevitable when growth falls below 2%. Some economists suggest the economy could limp along at 1% to 1.5% growth without slipping into a recession. BNN Bloomberg (Canada)
Financial professionals offer their opinions on when recommending a 1035 exchange of one variable annuity for another is a good idea. “It’s important to consider the annuity within the context of the person’s financial plan and risk tolerance rather than to think of it as a standalone asset,” says Cody…
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