1. Articles in category: Life Insurance

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    1. Consumers May Have ‘Blind Spot’ When It Comes to Retirement Fraud

      Consumers May Have ‘Blind Spot’ When It Comes to Retirement Fraud

      Consumers tend to worry about “high-touch” products, such as credit cards and bank accounts, more than they worry about long-term savings accounts, such as their workplace retirement plans and IRAs, a new study warns.

      Nearly 80% of American consumers are concerned about financial fraud, according to a LIMRA Secure Retirement Institute study, “Financial Fraud and Retirement Accounts: An Opportunity to Engage, Educate and Build Trust.” And even though a quarter report they have been a victim of financial fraud, the levels of concern vary significantly across the different types of financial products.

      Concern about credit card fraud was found to ...

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    2. Why you need a will now, even if you’re not ‘rich’

      Why you need a will now, even if you’re not ‘rich’

      Recent celebrity deaths (think Aretha Franklin, Billy Graham, Stephen Hawking and Margot Kidder) raise an important issue that many people just don’t want to think about: estate planning.

      Chances are you’ve spent plenty of time pondering how much money you’ll have available at retirement. But what have you done to plan for your estate? The sad truth is that most of us — some 70% of adult Americans — have neglected to write a will.

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    3. A new special needs planning approach under the tax overhaul

      The financial costs of caring for a loved one with special needs can be staggering.

      While the exact costs vary upon the type of condition and level of care, a condition such as autism can require lifetime support costing upwards of $2.3 million, according to the advocacy and support organization Autism Speaks. For your clients with family members affected by a disability, what is their plan to pay for this care?

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    4. Why a divorce can mean a breakup with your financial adviser, too

      Why a divorce can mean a breakup with your financial adviser, too

      Being in the midst of a divorce can be a very trying time emotionally, financially, and physically.

      When you are the dependent spouse, the one who has relied on someone else for the current and future financial well-being of the family, it is even more draining and uncertain. At first many spouses want nothing to change and will continue to use the same financial advisers, accountants, estate lawyers, and any other professional advisers.

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    5. I want to marry my boyfriend, but he has $25,000 in credit-card debt and leads a financially reckless lifestyle

      I want to marry my boyfriend, but he has $25,000 in credit-card debt and leads a financially reckless lifestyle

      I really love my boyfriend and I think that I’d like to marry him, but at this point in our relationship, we aren’t exactly “financially compatible.”

      I am teacher with a credit score of 790, no debt, and a small, but decent amount of savings. I’m planning on buying my first home next year. I don’t make a ton of money, so I am pretty frugal and I really try to just spend it on the things I really need and want, and do without the rest.

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    6. How to plan your retirement when you have children with special needs

      How to plan your retirement when you have children with special needs

      Richelle Nessralla, a lawyer in Cambridge, is planning two retirements: one for herself and her husband, and another for her son with Down syndrome.

      Within weeks of giving birth to her twins, Sofiya and Zayn, seven years ago, Nessralla said she did something most new parents don’t do: she shopped around for life insurance. She wondered about how much they would need and worried if it would be enough to support Zayn.

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    7. Who pays for the stepchildren in a blended family?

      Who pays for the stepchildren in a blended family?

      Bobbi Rebell and her husband are both in their second marriages — and that creates a myriad of emotional and financial complications.

      When they married more than 10 years ago, her husband had a 6-year-old and 9-year-old with his first spouse. They had one son together. “I consider him the youngest of three,” she said. Rebell says she never looked at her husband’s children as anything other than her own.

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    8. Vanguard doesn't get a free pass

      After Vanguard CEO Tim Buckley gave his startling keynote address at the Inside ETF’s conference in January (sole diamond sponsor: Vanguard), I received at least 30 email messages from advisors. Buckley’s words were certainly alarming: He said that Vanguard plans to attack financial planning and investment advice fees the way the company once launched its very effective broadsides against the fee structure of the mutual fund industry.

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    9. Can annuities with no 'pesky' commissions win over RIAs?

      PHILADELPHIA — In an attempt to win over a skeptical audience of NAPFA members, the founder of DPL Financial Partners presented a novel case for annuities: selling them without commissions.

      The new offerings from insurers “take away those pesky commissions which cause the conflicts of interest, as well as the pricing problems within the products,” David Lau, whose firm is a new species of insurance broker for fee-only advisors, said in a session at the association's fall conference.

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    10. Multilevel marketing companies say they can make you rich. Here’s how much 7 sellers actually earned.

      Multilevel marketing companies say they can make you rich. Here’s how much 7 sellers actually earned.

      A new study says most MLM sellers make less than 70 cents per hour. Some people make even less than that.

      I recently received a Facebook message from a high school acquaintance I hadn’t seen or spoken to in years. She had been thinking of me, she said, and she was wondering if I was looking to make extra money on the side. Apparently I’d be perfect at selling body wraps and weight-loss products — she could sign me up to do so, and then we’d both make money!

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    11. Make this estate planning move right now: Check your beneficiary designations

      Make this estate planning move right now: Check your beneficiary designations

      With today’s relatively generous $11.18 million federal estate tax exemption, estate planning is only a concern for the rich. Right? Wrong! In fact, regardless of your income or net worth, there’s one estate planning move you should probably make right now: check the beneficiary designations for your life insurance policies, bank accounts, brokerage firm accounts, retirement accounts, and so forth. If you’ve not yet turned in the proper forms to designate beneficiaries, do it now.

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    12. Taking on the Ugliest Trend in Retirement

      Taking on the Ugliest Trend in Retirement

      For years now, wealth managers have been on the front lines of an emerging national problem as relates to retirement funding for Baby Boomers. Disappearing corporate pensions, insufficient personal savings, growing health care costs and the financial shock of the Great Recession have come together to form a witches brew for new retirees.

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    1-24 of 292 1 2 3 4 ... 11 12 13 »
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