As American workers become increasingly insecure about their ability to save for a traditional retirement, NAIFA has launched the “Trust a NAIFA Advisor” ad campaign to tell consumers that affordable and informed financial advice is well within reach. The multimedia campaign includes video, print and Web placements to urge consumers…
Sameer Somal argues that the time is ripe for advisers to start their own firms. He discusses five reasons, including rising demand for advice and investor uncertainty about which products are the most appropriate. CFA Institute (1/2016)
Baby boomers are preparing to transfer great wealth to their children, which can be a tricky process. Kate Stalter takes a look at the issues. She writes that it is imperative that parents also hand down financial knowledge. U.S. News & World Report (1/4)
The Internal Revenue Service will let people who have a long-term-care insurance policy in 2016 deduct a slightly higher amount of premium costs than they could for 2015. “The increase is a positive sign that the government recognizes it needs to encourage people to do long-term planning for themselves,” said…
Employee Benefit Adviser’s list of “14 politically active brokers to know” includes two NAIFA members, B. Hyatt Erstad of Boise, Idaho, and Mark Gaunya of Methuen, Mass. Employee Benefit Adviser (12/29)
Advisor 2020, the NAIFA-sponsored research project, identifies “the new retirement culture” as a growing opportunity for advisers over the second half of this decade. Americans are woefully unprepared for retirement, and many are pessimistic about their prospects for retiring comfortably. They are desperate for advice and services, and NAIFA members…
Most advisers expect 2016 to be good for their businesses, according to the InvestmentNews 2016 Outlook survey. Half said they are optimistic about growth, and 24% said they are highly optimistic. InvestmentNews (1/3)
Americans could achieve a safe, secure retirement-income source through guaranteed retirement accounts, write Teresa Ghilarducci and Hamilton James. The accounts would require contributions from employers and employees, be managed by an independent federal agency and make payouts as an annuity in retirement, they write. The New York Times (free-article access…
The Obama administration says the number of new enrollees on the federal health insurance exchange is up 29% year-over-year, but insurers say they are concerned about the number of people who decide to pay a tax penalty rather than purchase coverage. Cost and lack of options are among the reasons…
US equity markets are coming off the flattest year since 2011, prompting market participants to focus on Wall Street’s January performance. Stock Trader’s Almanac says the trend set in January persists for the year 75% of the time. Reuters (1/3), The Wall Street Journal (tiered subscription model) (1/1)
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