Clients who have received one or more calls from their advisors during the pandemic are generally more satisfied than those who received emails, said a Hearts & Wallets survey. Fifty-six percent of those working with advisors agreed that “my financial advisor is a partner to me,” which was up from…
Offering ways clients can reduce taxes in retirement can be as valuable as advising them on saving and investing. Experts offer five key ways retirees can reduce their taxes, including Roth conversions, paying off their mortgage and deferring required minimum distributions if they are still working. Full Story: ThinkAdvisor
Advisors can start with the basics to help clients understand recent legislation and their options for navigating the coronavirus pandemic. Among the possibilities to explore with clients are opportunities for tax-loss harvesting, Roth conversions and options for generating guaranteed income in retirement. Full Story: Financial Planning online
The Labor Department’s proposed financial advice rule would “resurrect” the fiduciary definition from the rule that was vacated by the US Court of Appeals for the 5th Circuit, according to attorney Kent Mason. “Effectively, financial professionals are forced into choosing between accepting fiduciary status or foregoing any future relationship with…
The Federal Reserve is evaluating the option of abandoning its long-held policy of raising interest rates to prevent inflation from increasing. A policy of allowing inflation to increase modestly above 2%, to compensate for periods when it remained below that target, may be introduced over time. Full Story: The Wall…
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