Is Your Client a ‘How’ or a ‘Why’?
Advisors encounter a broad spectrum of personalities, but I've found that most clients fit into one of two categories: the “hows” and the “whys.”
A 401(K) Plan With Real-Life Behavior in Mind
The Dream Forward plan, to be launched for the public soon, shows participants how to balance retirement savings with short-term goals.
Is the DOL’s New Proposal Really a New Broker Standard?
As I make my way through the DOL’s proposed rule changes for brokers, the sentence that keeps running through my mind is: “We’ve been had.”
Clients in ‘Terror’ Over Health Care as Advisors Go AWOL
Clients’ "terror" is advisors’ error in retirement health care, according to HealthView Services, whose white paper goes through planning steps it says most advisors neglect.
Half of Retirees Wish They Had Quit Earlier
If they could have retired with the same amount of money, retirees wish they had stopped working four years earlier, an NY Life survey found.
CFTC Promotes SmartCheck Week to Fight Financial Fraud
Why investors should do background checks on the people they invest with.
‘Modern’ DC Plans Have Pension-Like Elements: Vanguard
Employers are taking more of a responsibility in the defined contribution plans offered to their workers, a report issued Tuesday by Vanguard found.
Wealthy Millennials Don’t See Retirement as End of Work: Survey
High-net-worth Americans plan to retire at 56 on average, and more than half plan to keep working in retirement, a BMO Private Bank study found.
In Retirement Planning, Knowledge Doesn’t Always Lead to Action
In a retirement readiness index from Voya, retirees scored a little higher than workers, but both groups show room for improvement.
The Advisor's Role in Preventing Abuse
Noting in a jointly published 2008 report that securities professionals are “on the front lines” to spot possible financial abuse of an older client, NASAA, FINRA and the SEC suggested watching for these red flags