Kiplinger’s tax editor Rocky Mengle explains 10 key ways the Setting Every Community Up for Retirement Enhancement Act, which President Donald Trump signed into law Friday in a financing package, changes retirement saving in the US. “While some provisions are administrative in nature or intended to raise revenue, most of…
A survey from YCharts revealed that many advisory clients would like more personalized and frequent communication from their advisors. The study recommended four steps advisors should take to improve frequency and quality of communications, including creating new opportunities for communication and understanding how to service different clients. ThinkAdvisor
Many Americans don’t have access to 401(k) plans, and those who do often do not save enough for retirement. Disparities in retirement savings have intensified since the Great Recession, according to the Economic Policy Institute. CNBC
Virtual meetings are becoming more common, and this trend is good for advisors and clients, writes Jud Mackrill of Carson Group. He suggests firms begin by identifying clients who might be open to virtual meetings and testing different software platforms. ThinkAdvisor
Fixed-indexed annuity sales in the first three quarters of 2019 rose 13% year over year, according to the LIMRA Secure Retirement Institute. Experts expect sales to continue to grow in 2020, spurred by investors’ desire to mitigate risk, low interest rates and a move away from commission-based products toward fee-based…
The Federal Reserve is expected to leave the interest rate unchanged as Fed Chair Jerome Powell has said the economy would need to show signs of weakening before the rates would be lowered again. The Fed will wrap up a two-day meeting today. The Wall Street Journal
A Redtail Technology survey found that 76% of advisors said face-to-face meetings produce the best client engagement, while 66% said phone calls do. Redtail said the survey shows advisors are missing out on opportunities to communicate with clients via the latest technologies, such as texting. Financial Advisor online
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