Advisors

Roughly 11 percent of those “never beneficiaries” are employees who worked in jobs that receive a public pension and don’t pay into Social Security. Among the groups potentially affected: government workers, teachers and railroad employees. (For example, a 2014 report from advocate TeacherPensions.org estimated 1.2 million teachers — or about 40 percent of the nation’s
0 Comments
That’s not the only discrepancy. When asked about finances, survey respondents reported, on average, $610,000 as the ideal amount to have saved by retirement age. Age-group-wise, baby boomers think they’ll need $574,000, while millennials foresee a higher, $687,000 as the goal. Neither demographic is aiming high enough; $1 million as a minimum nest egg, long
0 Comments
The platform also lets advisors monitor assets that clients hold elsewhere – such as 401(k) accounts – in order to make more accurate financial plans. The platform includes four main parts: portfolio advice, which lets advisors construct portfolios and screen investments; portfolio risk, which helps advisors evaluate the risks changes could bring to a portfolio
0 Comments
Betterment, another robo-advisor, is using artificial intelligence in a limited capacity to back-office tasks such as check processing. The company does not use the technology to generate financial advice or manage portfolios, said Dan Egan, director of behavioral finance and investing at Betterment. “Generally speaking, machine intelligence is kind of like an autistic savant, in
0 Comments
We’ve all heard of voodoo economics, but voodoo investing? Noted Washington, D.C.-area radio personality and former financial advisor Dawn Bennett was convicted earlier this week of fraud, found to have bilked 46 listeners, advisory clients and friends who trusted her out of some $20 million in a Ponzi scheme. Prosecutors say she used voodoo in
0 Comments