Advisors

Santaniello said, however, that those account holders won’t be left in the lurch. “People won’t be left without a means of receiving their federal benefits,” Santaniello said. “The feedback we’re getting from banks is that transitioning customers to other accounts is working well.” About 100,000 people will likely be affected by the program’s closure. When
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Women have clearly made enormous strides in the workplace. Unfortunately, when it comes time to retire, many women still do not have the savings they need. According to a 2016 study by The National Institute on Retirement Security (NIRS), women of all age groups have substantially less income for retirement than men. For women over
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Don’t expect robo-advisors to fully replace their human counterparts anytime soon. Robo-advisors give retail investors access to automated investment strategies, creating portfolios and coming up with an asset allocation that’s based on client data points, including time horizon and risk tolerance. As convenient as it may be, this technology doesn’t make human financial advisors obsolete,
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Investment management and financial planning are both important, but they’re not the same thing. Financial planning provides you with an actual human advisor who can educate and guide you to where you want to be with your money. This is an ongoing process that includes personalized attention and, importantly, accountability. It’s a long road to
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With an entire generation on the cusp of retirement, the rules governing retirement plan administration need to be modernized to make it easier for employers to offer savings programs for the men and women they employ. In particular, the Employee Retirement Income Security Act of 1974, also known as ERISA, should be updated to facilitate
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James Lauritz | Getty Images In the absence of a coherent strategy, multiple advisors may put a client into the same investment multiple times. Tax-related decisions may also suffer. In addition, this strategy may cause advisors to compete for all the assets and take undue risk to outperform the competition “People have money spread all
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If you make more money, will you be happier because you will be able to afford more things? Research shows this isn’t true. A study conducted by Daniel Kahneman and Angus Deaton analyzed data from more than 450,000 responses to the Gallup-Healthways Well-Being Index. They studied the happiness of people at different income levels. At
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Boomers are more likely than other generations to take risks by investing some or all their retirement funds into starting their own business after leaving a corporate job, and they seek new and interesting ways to spend their retirement money that may or may not produce an income stream to help fund expensive retirement activities.
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Last year the JPMorgan Global Emerging Market Bond index had a total return of 9.1 percent. “We believe U.S. investors should have an allocation to emerging market bonds,” said Pablo Goldberg, a senior fixed-income strategist for BlackRock, which manages more than $24 billion in assets in a variety of emerging market bond funds. “They have
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However, corrections offer an opportunity to evaluate risk and how well positioned they are for an eventual bear market. By comparing the intensity, recovery and duration of corrections and bear markets and their impacts on investors, we can assess where risk management efforts should focus. Investing opens investors up to the possibility of losses —
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Buttressing optimism for the category is its immunity from the market’s trade-war fears: Small companies don’t tend to export much. Another factor is the tendency for economic expansion to increase earnings more down cap than up. Further, the delayed benefits of the tax cut should help domestic-centric companies proportionately more than multinationals. Small caps, which
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Many investors wonder when the right time will be to put some money in bitcoin. It’s a question that financial advisors increasingly hear these days. Yet advisors, for the most part, don’t recommend investing in digital currency, or in the investment vehicles that have cropped up around it, at all. In fact, earlier this year,
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Defined benefit plans may be especially interesting now to certain entrepreneurs, investors and professional practitioners with earnings too high to take advantage of the QBI, said Timothy Speiss, partner in charge of EisnerAmper Personal Wealth Advisors. “It’s very significant, and the 2017 tax legislation is important,” Speiss said. The Tax Cuts and Jobs Act passed
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