Retirees with adequate savings who also have an income annuity or pension tend to be more comfortable spending their savings than retirees without a guaranteed source of income, according to Michael Finke, professor of wealth management at the American College of Financial Services. “If you know you’re not going to…
NAIFA’s Congressional Congress is a virtual event featuring targeted advocacy training with briefings on legislative issues that affect members’ businesses, best practices for conducting congressional meetings and tips for developing impactful long-term relationships with legislators. The May 25 session will include a briefing from NAIFA’s Government Relations team and feature…
Financial advisors who multitask may be less productive and efficient than they think, consultant Patty Kreamer writes. She cites research from Psychology Today that offers five tips on how to be more productive by focusing on one task at a time. Full Story: Advisor Perspectives
Advisors can leverage tools outlined in Robert Cialdini’s “Influence: The Psychology of Persuasion” to secure and retain clients, writes financial planner Evan Beach. For instance, he explains how the perception of scarcity can be used to motivate. Full Story: Nerd’s Eye View
Three-quarters of millennials said they had a financial advisor in 2020, up from 50% in 2016, according to a study from the Nationwide Retirement Institute. The study also found that more than 80% of millennials said they had a plan to guard against outliving their savings. Full Story: BenefitsPRO
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