Many people aren’t sure when they should start using a financial adviser, but advisers can remedy that by talking to clients and their adult children to take confusion and ambiguity out of the process, Matt Oechsli writes. WealthManagement.com (U.S.) (8/19)
The Brookings Institution’s Robert Litan and Progressive Policy Institute’s Hal Singer write that “the impact of new rules being pushed by the Department of Labor to hold all types of financial advisers and brokers to a ‘fiduciary’ standard” will make the government “the de facto investment adviser” for millions of…
The Labor Department’s proposed fiduciary rule for financial professionals who give retirement advice would make it more expensive for low-income Americans to obtain guidance, according to the National Black Chamber of Commerce. The department should take another look at the economic impact and rewrite the proposal, chamber President and CEO…
Financial planner Ellen Siegel explains the “buckets” approach to allocating retirement savings. To avoid putting some assets at risk to market volatility, they can be held in annuities, she says. CNBC (8/17)
Rich Dunn explains an asset allocation strategy that combines annuities and dividend-paying stocks to produce retirement income that keeps up with inflation. He takes note of the limitations of relying upon bonds for income. Farm Futures (8/19)
Retirement expert Wade Pfau reviews how period-certain payments, cost-of-living adjustments and cash refunds when the annuitant dies influence the prices of income annuities. Forbes (8/18)
Short-term-care insurance, which can cover nursing-home care for less than a year, is catching on, Cyril Tuohy writes. The number of policies sold was up 71% in the first six months of 2015 compared with the year before, and total premiums rose 54%, a survey by the National Advisory Center…
“NAIFA always has, and always will, have your back with policy makers and regulators. Providing a clear, consistent and ever-present voice is part of what we do as your professional association,” NAIFA CEO Kevin Mayeux writes. Read more on the Advisor Today Blog.
Annuity carriers Transamerica, New York Life, Prudential and Great American are participating in a centralized database that the annuity industry uses to monitor producer training data. The Depository Trust & Clearing Corp. created the service to track which training programs have been completed by annuity agents. InsuranceNewsNet online (8/18)
Common ways to compare life insurance policies include net-cost, interest-adjusted-cost, equal-outlay, cash-accumulation and Linton yield methods, this book excerpt says. BenefitsPro.com (8/17)
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