Small Businesses Need Adviser Help with New Health Plans.
Your Early Retirement Years - Wells Fargo Conversations. Create Wealth, Transfer Wealth, Enjoy Life. Although the overall divorce rate in the United States has remained flat since the 1980s, one particular segment of the population — older Americans — is divorcing in record numbers.
Pulling from U.S. Census data, researchers from Ohio’s Bowling Green State University note that the number of divorces among people over age 50 has doubled over the past two decades, and the rate continues to rise. Obamacare Articles. Should Americans Be Required to Save for Retirement? This copy is for your personal, non-commercial use only.
To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the bottom of any article. October 31, 2013 Americans face a multitrillion-dollar savings shortfall, but mandating savings won’t be easy There’s plenty of evidence that Americans come up woefully short — as much as $6.6 trillion — when it comes to saving for retirement. The open question is how to fix the problem. Campaigns by employers, financial advisors and retirement plan providers have fallen short. The idea might be gaining some support in the U.S., but instituting it won’t be easy. A Social Media Presence May Enhance Business. Holding Onto Clients: Start by Listening. In my blogs over the past few weeks we've discussed how unmet expectations lead to client departures (see my Oct. 8 blog, Matching Client Expectations With What You Offer: the Portfolio).
In this post, I'd like to highlight a few things advisors can do to help retain clients. Most advisors understand that when a client leaves, the client feels their actions are justified. However, the actual reason may or may not be rational. Inflation: A Losing Game: Daily Stat: Market Insight. Discount Brokerages' Advisory Services Risk Upsetting RIAs. Understanding the Female Market. Couples disagree on money, retirement plans - Andrea Coombes' Ways and Means.
Obamacare, Medicare Maze: What Advisors Need to Know. This copy is for your personal, non-commercial use only.
To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the bottom of any article. October 24, 2013 Dr. Katy Votava of GoodCare offers practical steps to financial advisors to help their affected clients (there are more than you think) Since President Obama signed the ACA in 2010, financial advisors have had lots of questions. The difficulties users of the federal health care website, HealthCare.gov, are experiencing is the subject of hearings on Capitol Hill and much gnashing of teeth among politicians and pundits, but what practical steps can financial advisors take to help affected clients? Addressing Those Who Resist Retirement. When a prospective client of advisor Bart Lewis was ready to retire, he employed a fairly standard exit strategy, turning his successful medical research firm over to his children and retreating to a vacation home in the Florida Keys.
But, as his children will attest, he never really left. Get access to this article and thousands more... All On Wall Street articles are archived after 7 days. How Racking Up Debt is Ruining Our Retirement. Many Americans are accumulating debt faster than they amass retirement savings – making them far less prepared for retirement.
Six in 10 Americans who participate in a defined contribution retirement plan, such as a 401(k), racked up more debt in 2010 and 2011 than they contributed to their retirement savings, according to an alarming new report from HelloWallet. One in 5 plan participants added more credit card debt than retirement savings to their family balance sheet. (The study analyzed consumer finance data from the Federal Reserve and the U.S. Census Bureau.) Income Struggling to Keep Up: Chart of the Week: Market Insight: Financial Professionals: BlackRock. A New Way to Pay for Long-Term Care. Niko J.
Kallianiotis for The New York Times I was visiting an assisted living facility recently with my sister, whose disability made that a prudent choice, when the marketing manager handed us a brochure. It asked, “Did you know a life insurance policy can pay for long-term care expenses?” We did not know, actually, except that some policies have cash value. But this was a different model: A company called Life Care Funding — and there are others — was offering to buy her insurance policy (if she qualified), pay the premiums to keep it in force, and give her a chunk of the face value. She would have money now to help pay the daunting $6,000 a month that assisted living costs in this part of New Jersey; the company would make its profit later by collecting on the policy after her death. The life settlement industry, as it calls itself, points out that older people who bought life insurance policies decades earlier often allow them to lapse.
The problem with that? Forget About Retiring, China's Economic Planners Say. What if Chinese were required to work an extra five years, or even a decade, before retirement?
There are growing calls among officials and academics in China to consider that controversial move as the country’s rapidly aging population puts new stress on its pension program. 4 Retirement Income Concerns: What You Need to Know to Help Protect Your Clients. Retirement security is one of the most critical issues Americans face today.
As a financial professional, your ability to address your clients’ and prospects’ needs and concerns with respect to planning for retirement income can be a key differentiator for you in the marketplace. Your clients will need sources of income in retirement to help keep pace with inflation and the rising costs of healthcare expenses. John Hancock Financial Network. Each year, the top 250 financial professionals and advisors throughout the JHFN national network are honored for their success with an invitation to join the Achieving Client Excellence (ACE) Program.
ACE reflects JHFN’s belief that achieving your vision of success depends on the professionalism, respect, integrity, and value you deliver to clients every day. The program is designed to reward your accomplishments as a top performer and support your continued growth and success. While the program includes a broad array of rewards, recognition, and benefits, an advantage unique to JHFN is the ACE Practice Management Platform, designed to help you take your business to the next level. Leveraging JHFN’s relationship with leading industry coaches, this five-part program provides an in-depth view of your practice; then helps you develop and implement a customized strategy for business growth. The program includes: YouTube Video Practice of the Year.