Though one study says people are saving enough, experts warn that investors need to be reminded
News out of Detroit and Illinois means retirees should count on lower income stream
For advisers working with clients in Detroit and Ilinois, preparing for a sharp cut in pension benefits — and a smaller income stream — is a centerpiece of retirement planning.
The largest seller of long-term-care coverage is counting on periodic rate increases of 2% to 4% to maintain profit targets.
Rules differ for those currently married, widows/widowers and the divorced
With the S&P 500 up more than 29% from the start of the year, on the heels of a 15% gain last year, it is a safe bet that there are plenty of taxable gains sitting inside client portfolios. But even if you feel the market is getting rich, it might be worth waiting until after Jan. 1 to cash out.
Chances of avoiding that tax may come down to whether a business owner has active or passive participation.
Retirement has become a goal for the uninspired. When it comes to retirement planning, practice management expert Wayne Badorf and chief portfolio strategist Brian Jacobsen, both with Wells Fargo Asset Management, say it's time for the financial advice industry to wake up and smell the roses … and help their clients do the same.
Business owners often eschew saving and count on their business for their retirement, which can backfire
If a client talks about claiming Social Security benefits before full retirement age that don't ring true, ask questions. It could make a huge difference in their long-term financial security.
Finra is said to be investigating a handful of broker-dealers that sold VAs with subacccounts invested in hedge funds. Clients who bought the products lost $18 million, says an attorney.
Workers seem to be doing precisely what they would be expected to do with 20-page disclosure documents: Tossing them in the circular file
Jackson National Life Insurance Co.'s temporary halt on tax-free exchanges of variable annuities is in effect until Dec. 16 — but it turns out not everyone is subject to the suspension.
Some clients could come close to breaking even with the deal.
Don't miss the mark and think Obamacare covers long-term-care insurance
They badly underestimate the cost of nursing home care.
