1. Articles in category: Financial Planning

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    1. The most likely cause of financial ruin — and few prepare for it

      Clients are advised to have considerable savings for their future health care expenses, as most bankruptcies are caused by staggering medical costs, according to this article on MarketWatch. Even middle-class households who have health insurance are at risk, as a researcher points out that they are the ones who filed for the most bankruptcies.

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    2. Zero-fee funds cast Fidelity-sized cloud over passive issuers

      There’s a Fidelity-sized cloud hanging over asset managers gathering at the marquee event for ETFs this week.

      After the $2.6 trillion Boston-based behemoth started selling mutual funds without an annual management charge last year, fees — and how to get them — have loomed over the industry. The annual “Inside ETFs” conference in Hollywood, Florida is no exception.

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    3. How to avoid cashing out your 401(k)

      A recent ruling by the U.S. Labor Department allows the automatic transfer of workers’ old 401(k) assets to their new plans once they change jobs, according to this article on Kiplinger. This will prevent many employees from cashing out their retirement savings, which could trigger a taxable event as well as early withdrawal penalties if they are younger than 55.

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    4. When taking Social Security at 62 could be wise

      Higher-income seniors will be better off collecting Social Security benefits as early as age 62 than delaying their benefits, writes an investment adviser representative on Fox Business. That’s because deferring the benefits would force them to take substantial distributions from their investment accounts, which could push them to a higher tax bracket, explains the expert.

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    5. What RIAs should learn from BlackRock's data leak

      Wealth management companies are collecting more data about clients than ever before, intending to transform how advisors serve clients.

      But in the wake of the BlackRock’s massive data leak, questions arise about how well financial services firms are securing sensitive data. With the responsibility of securing client data resting on RIAs, navigating a complex world of increasingly complicated partnerships between firms can be tricky for advisors as breaches come with crippling consequences.

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    6. Your Aging Clients’ Darkest Secrets: Addiction and Substance Abuse

      Do any of your older clients have a problem with alcohol or addiction? You may be surprised at the prevalence of these problems in our older population.

      Opioid addiction is not just about young people. Some sources tell us that opioid dependency is present among people of all ages, which can include your aging investor clients.

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    7. Will the future of RIAs be shaped like a barbell?

      Image the future of the RIA industry as a barbell. A few large firms sit at one end counterbalanced by many solo and smaller practices at the other end, while a declining number of mid-sized firms thinly occupy the middle.

      That's how some industry executives see things shaking out.

      Reviewing the record number of 176 M&A deals for advisory firms last year, consultant David DeVoe is watching the big-firm side of the barbell take shape.

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    8. Wall Street braces for MiFID-style rules in the U.S.

      The firewall that Wall Street hoped would protect its U.S. stock and bond analysts from tough European rules is starting to crack.

      At issue are EU regulations that took effect last year that forced banks to start charging clients separately for trading and research, rather than bundling the services into one bill. In October 2017, U.S. brokers scored a major win when the SEC issued a legal reprieve that at least temporarily kept the rules from spreading to America.

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    9. Risk tolerance crumbles as economic angst grows

      Clients' risk tolerance is unraveling as stock market volatility gnaws away at their nerves and new economic worries cloud the horizon, advisors say.

      Indeed, the appetite for risk dropped sharply for the third month in a row, according to the latest Retirement Advisor Confidence Index — Financial Planning’s monthly barometer of business conditions for wealth managers. The component tracking client risk tolerance slid 5.2 points to 25.8, its lowest level since the index was launched in mid-2012.

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    10. 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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    11. The government shutdown is disrupting retirement plans for some federal employees

      Federal employees who retire during the partial government shutdown would have to wait a longer time to take retirement distributions from their Thrift Savings Plan, according to this article from the Washington Post. That's because the employees who are supposed to work on their papers are furloughed.

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    12. With HSA changes, here's how to find the best option for clients

      With the new tax law, 2019 contribution limits for HSAs have risen, and clients can now invest more in accounts that provide triple tax advantages.

      But are your clients in the plan that will maximize returns on their investment? It may be difficult to tell.

      HSA brokers aren’t publicly disclosing information needed to determine which HSA plan will be most lucrative, according to a recent Morningstar report.

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    13. Bezos divorce raises question: How can planners protect HNW clients?

      With especially keen interest, financial advisors will be following the long and tangled saga of the divorce of Jeff Bezos from his wife of 25 years.

      Amazon king Bezos is the world’s richest person with a fortune that just crossed the $150 billion mark, according to the Bloomberg Billionaires Index. That means even a 1% payout to his wife MacKenzie, would rank as one of the largest divorce settlements in history.

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    14. Many employers are clueless about retirement

      Many employers are clueless about retirement

      Two new studies — one of 143 large American companies and another of 2,043 retirees show, stunningly, how clueless employers are about workers’ retirement challenges and wishes.

      “The phrase that leapt to mind is ‘benign neglect,’” said Paul Rupert, founder of Respectful Exits, a new initiative whose mission is to change employer practices “to insure a fairer future for all aging workers.” Rupert thinks managers and HR departments have a worldview “that’s completely insulated.” Empathy, Rupert says, “is in short supply.”

      The 2018 Longer Working Careers Survey of employers is from the benefits consulting firm Willis Towers Watson. And ...

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    15. Wealth management and banking data combine in $200M deal

      Fintechs are making their own name in industry consolidation between banking and wealth management.

      Quovo, the investment and brokerage aggregator used by Wealthfront, Stifel and Vanguard, is being acquired by Plaid, a competitor specializing in checking and savings account data.

      The deal will position Plaid's data into the wealth managmenet sector, weeks a for expansion.

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    16. People who saved for retirement are being punished by Social Security taxes

      The number of retirees paying federal income taxes on a portion of their Social Security benefits increased to more than 50% from just 10% when the law taxing the benefits was enacted in 1983, according to this opinion column from MarketWatch. The increase can be attributed to lawmakers' failure to index the taxation on inflation, explains the writer. "We’re punishing people who saved for retirement.

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    17. Best way to counter a client’s ‘sell everything’ call

      Ask your client this question: "What was the last movie you watched?"

      They probably didn’t have to think too hard to remember. Then try this one: "How about a movie you watched in 1985?"

      No dice — right?

      Clients recall the performance of their investments similarly; that is, they remember recent performance with greater clarity. This trait, called “recency bias,” leads them to extrapolate into the future the good or bad they are experiencing in the moment.

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    18. Estimating client life span: How far should advisors go?

      Whether we like it or not, part of our job as financial planners is to try to predict the future. One particularly squishy number is accurate life expectancy. Most advisors use averages, but no one is average. There are services that help calculate life expectancy through questionnaires and genetic testing — but should advisors really recommend genetic testing to their clients, or even look into it for themselves?

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    1-24 of 822 1 2 3 4 ... 33 34 35 »
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