According to Dick Cotton in Retirement Cafe, one of the most common mistakes retirees make is looking at a good return on a nearly risk-free investment and concluding that they would do better in the stock market because it has a higher long-term average return. Long-term market return averages are interesting when an investment portfolio...Continue Reading
Business is booming for discount brokerages. But this time the players driving the boom aren’t day traders chasing dot-com riches. They are independent financial professionals known as registered investment advisers who manage rosters of typically affluent clients and trade on their behalf with the assets held at the brokerage firms. By 2020, research firm Cerulli...Continue Reading
Jackson National’s first combined research report with IRI, “The Language of Retirement,” is a study of financial consultants and consumers. It aims to gauge how Americans of various ages evaluate their financial preparedness for retirement, their familiarity with and viewpoints toward various financial products, and the financial strategies they’re most likely to employ as they...Continue Reading
The technology with the most radical impact on advisors’ businesses isn’t robo-advisors, according to Ric Edelman, founder and executive chairman of Edelman Financial Services in ThinkAdvisor. It’s the exponential technologies they may know little or nothing about. Exponential “sciences and technologies are going to alter virtually every aspect of life on the planet,” Edelman told...Continue Reading
Addressing customers’ desires for simplicity, flexibility and cost efficiency in their retirement planning, Transamerica has made enhancements to the Transamerica Income Edge living benefit rider, along with launching two new lower cost investment options. Changes to the optional living benefit include a fee reduction, along with shortening the waiting period from five years down to...Continue Reading
I started RetireOne® because the time had come for a new and better way to meet the needs of the millions of Americans who are falling short of retirement savings goals and who run the real risk of running out of money during their retirement. It was very strange to me that the solutions available...Continue Reading
According to the latest Merrill Edge Report, many Americans feel uncertain or underestimate their magic number. 40% say reaching their magic number by retirement will be either difficult or virtually unattainable. Nearly 1 in 5 profess relying on luck. Read the full report.Continue Reading
