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Retirement Strategies In 2024 Focus On Flexibility And Income
2024 Sep 22, 10:30am | 418T. Rowe Price’s new 2024 Defined Contribution Consultant Study highlights significant shifts in retirement planning strategies, particularly when it comes to personalization and retirement income. The study, which surveyed 35 leading firms, reveals that consultants, advisors, and plan...
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'Mass Slaughter': Wealth Manager Warns Of Market Correction, Digital Disruption As ETF, Passive Investing Goes Up And To The Right
2024 Sep 19, 12:10pm | 560A renowned financial advisor, lawyer, and CEO of Creative Planning, Peter Mallouk, has expressed concerns about the future of the Registered Investment Advisory (RIA) industry despite projections that it will exceed $2.92 trillion by 2029. Mallouk discussed industry news with The Daily Upside at...
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Advisors Brace For Fed Rate Cuts: Shifting Bond Strategies To Balance Yield And Risk
2024 Sep 15, 10:08am | 454As the Federal Reserve prepares to cut interest rates, Americans will need to adjust their bond and income portfolios to capitalize on current yields and protect against future market shifts. This means advisors and wealth managers need to reassess their fixed-income strategies. Recent economic...
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Record Number Of '401(k) Millionaires' Even In Times Of Financial Uncertainty
2024 Sep 08, 10:01am | 371Fidelity Investments‘ second-quarter retirement analysis reveals a significant increase in the number of retirement millionaires, with 401(k) millionaires rising 2.5% to 497,000 and IRA millionaires increasing 6% to 398,594. This growth marks the third consecutive quarter of expansion for...
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Half Of Pre-Retirees Worried About Running Out Of Money, Plan To Retire Early Anyway
2024 Aug 25, 10:00am | 338A new Schroders survey reveals a paradox among pre-retirees: while half are concerned about outliving their assets, 43% plan to claim Social Security before age 67, the full retirement age for those born in 1960 or later. Only 10% of survey respondents plan to wait until 70 to maximize their...
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Morgan Stanley Becomes First Wall Street Giant To Let Advisors Recommend Bitcoin ETFs
2024 Aug 18, 10:00am | 491Morgan Stanley recently became the first major Wall Street bank to permit its financial advisors to offer Bitcoin (CRYPTO: BTC) ETFs to clients, marking a significant step in cryptocurrency’s mainstream adoption. As of early August, the bank’s 15,000 advisors can recommend two specific...
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SEC Fines Investment Firm $430,000 For Misleading Ads About Performance
2024 Aug 11, 10:15am | 517Given the spike in retirement plan trading after Monday’s market downturn, many investors are looking for help with what to do now that the markets are stabilizing. Advertising is key to that – but it’s important to remember that financial advisors have to be careful how they...
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Can You Afford Health Care In Retirement? You'll Need At Least $86,000 In Savings, More For Women
2024 Aug 04, 10:17am | 414The 2024 Milliman Retiree Health Cost Index projects that health care expenses for retirees will continue to rise, with costs varying based on health status, location, and age at retirement, which must all be considered when planning for retirement. For a healthy 65-year-old retiring in 2024 with a...
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Government To Match Retirement Savings For Millions Of Workers, Opening New Opportunities For Financial Advisors
2024 Jul 28, 10:00am | 456The Saver’s Match, created by the SECURE 2.0 Act of 2022, is poised to transform retirement savings for low-income workers, and could bring a whole new audience to financial advisors. Set to launch in 2027, this program will convert the existing Saver’s Credit into a federal government...
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IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things 'Even More Insanely Complicated'
2024 Jul 21, 10:00am | 418The Internal Revenue Service and Treasury Department have released final regulations updating required minimum distribution (RMD) rules for beneficiaries under the 10-year rule. These regulations, stemming from the SECURE and SECURE 2.0 Acts, confirm that most IRA beneficiaries must take...
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Younger Investors Pick Financial Advisors Based On Marketing, Not Referrals: Survey
2024 Jul 14, 10:00am | 383A recent survey by Ficomm Partners reveals a significant shift in how younger investors choose financial advisors, moving away from traditional referrals towards digital marketing. This trend suggests a transformative change in advisor acquisition strategies in the coming years. The survey, which...
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Gen Z Will Have To Wait As Gen X Set To Inherit Trillions From Silent Generation
2024 Jul 07, 10:11am | 433A new report from consumer research firm Hearts & Wallets reveals that Generation X stands to inherit trillions of dollars from the Silent Generation over the next 10 years, presenting significant opportunities and challenges for financial advisors. Currently, the 65-74 age group holds the...
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Gen Z, Millennial High-Net-Worth Investors Abandon Traditional Investments
2024 Jun 30, 10:03am | 401The 2024 Bank of America Private Bank Study of Wealthy Americans reveals that Generation Z and Millennial investors are increasingly turning to alternative investments, moving away from traditional stocks and bonds. The study, which surveyed 1,007 U.S. high-net-worth individuals with at least $3...