Build Your Practice With Female Clients and Social Security Planning
Social Security is an important part of planning for female clients and can attract them to advisors’ practices, according to a webinar held on Wednesday.
The Future of Financial Advice? Maybe It’s Health Care
I suspect that financing health care will replace investments as the primary service demanded by advisory firm clients in the all-too-near future.
Social Security’s Old Forecasting Method Hides New Time Bomb, Researchers Say
Two researchers argue that the Social Security Administration is using outdated methods to project longevity and therefore understates the system’s shortfall by two years.
IRS Raises 401(k) Contribution Limits
While an extra $500 a year might not sound like much, compounding interest over a 20- or 30- year period could result in a sizable sum.
Social Security COLA Could Be Offset by Higher Medicare Premiums: IRI
“This reflects the growing trend of health-related expenses eating into retirement income,” the IRI president said.
House Bill Would Cut $762 Million From Social Security’s Budget
The Social Security Administration warned Friday that “drastic funding cuts” proposed by the House would dramatically impact service to seniors and other beneficiaries and “needlessly” waste taxpayer dollars.
Advisors’ Mistakes on Social Security Advice Hurt Widows
A new study finds advisors tend to overlook the complex interactions of retirement, spousal and survivor benefits. The result is especially detrimental to widows, says Andrew Biggs of the American Enterprise Institute.
Keep Savin’ It, Sister: GAO Says Women Saving More, but Need Social Security More Than Men
American women may think they’re good at penny-pinching, but it turns out that they’ll need to save even more if they want to feel secure in retirement.
Economic Mobility Better in Northeast, Worse in South
Location matters. If you live in the Northeast, you’re more likely to enjoy more upward and less downward mobility than the nation as a whole, Pew’s Economic Mobility Project said.
NAPFA Goes to Chicago for Biggest-Ever Annual Conference
NAPFA's biggest-ever national conference, from May 8 to 11 in Chicago, will tackle topics such as practice management, alternative investing strategies, tax planning and more.