Middle-Income Americans Desperately Need Financial Advice: Financial Finesse
Cynthia Meyer, a financial planner at Financial Finesse, tells ThinkAdvisor about profitable ways to serve investors who don't qualify as high-net-worth.
IndexIQ Lowers Fees for 3 Currency-Hedged ETFs: Portfolio Products
Also, OppenheimerFunds and Direxion add ETFs; Harvest and Foundation Source launch continuing ed programs.
Social Security to Be Depleted in 17 Years: Trustees
All Social Security beneficiaries are on track to face a 23% benefit cut in 2034, says Committee for a Responsible Federal Budget.
Dynasty Nabs $1B Breakaway Team From Merrill: Recruiting Roundup
Meanwhile, UBS brings on two teams with a total of $975 million in assets from Merrill's Thundering Herd.
IRAs Not Serving Intended Savers: CRR
IRAs were intended for less well-off workers who lack employer-sponsored retirement plans, but that's not where most inflows are coming from, CRR reports.
States Line Up Against DeVos to Save Obama’s College Rules
The Education secretary is delaying rules that would help borrowers defrauded by for-profit colleges.
Trump Is No Hurdle for Oregon’s State-Run Auto-IRA Plan
The OregonSaves retirement program entered a pilot phase on July 1 with 11 employers.
T. Rowe Price Launches Retirement Income 2020 Fund: Portfolio Products
Also, AssetMark adds a free tool for advisors to assess the value of their businesses, plus new ETFs from Goldman Sachs and U.S. Global.
Health Care: The Elephant in Boomers' Living Rooms
Savings aren’t the only thing that can compound over time.
Why Does Warren Buffett Fail at Investing (Sometimes)?
A look at the numbers shows why Buffett, and all of us, underperforms at times, says Bob Seawright.