Income Planning
Learn what experts and top advisors say about the best ways to work with clients to determine and build successful retirement income plans.
Recession-Wracked Boomers Seek Reverse Mortgages at Younger Age: MetLife
By Joyce HansonThe number of cash-strapped Baby Boomers age 62 to 64 taking out reverse mortgages has tripled since 1999, sharply lowering the average age of potential borrowers, according to a study released Wednesday by the MetLife Mature Market Institute.
March 13, 2012
‘Reformed Broker’ Gadfly Joins BrightScope as Social Media AdvisorJoshua Brown, the angry former broker who made a name for himself by saying out loud what others in the finance industry just think, has joined the advisory board of 401(k) analytics firm BrightScope.
March 13, 2012
Industry Groups Press DOL for ‘Progress Report’ on Fiduciary RedraftThe Financial Services Institute and Financial Services Roundtable are pressuring the Department of Labor to release a progress report on the departments redrafting of its rule amending the definition of fiduciary under ERISA.
March 13, 2012
EBRI: Workers’ Biggest Concerns Are Job Security, Debt LevelsWhile only 14% of workers are very confident that theyll have the money to retire, workers say the more pressing concerns of job security and mounting debt are taking precedence over retirement concerns, according to an EBRI survey.
March 13, 2012
What Problem Exactly Is DOL Trying to Solve by Redefining ‘Fiduciary?'One thing we do know: the significant unintended consequence of forcing higher fees for IRA investors.
March 12, 2012
Vanguard to Help Educate Consumers on Investment CostVanguard announced Monday that it planned to use a new online cost calculator, social and traditional media channels, and online ads to educate investors about how to pay attention to the price tag of their investments.
March 12, 2012
Universal Life Insurance Premiums May Rise Under NAIC ApproachAn approach adopted by a National Association of Insurance Commissioners group would require insurance companies to adjust asset reserve levels associated with UL insurance products, and any increases in the requisite reserves would likely result in a corresponding rise in premium levels.
March 09, 2012
Gen X and Y Investors Worry Retirement Savings Won't Be EnoughOnly a little more than one-third of investors between the ages of 21 and 50 are confident they will have enough money for retirement, according to a study released Thursday by T. Rowe Price.