The percent of households working in the private sector with a defined benefit (DB) pension has fallen sharply in recent years, and Federal Reserve data shows that they will become nearly extinct in the years ahead.
Researchers are finding that aging is not what it used to be. As people get older, friendships, creativity, earning ability and satisfaction with life can flourish. Test your knowledge of new trends in aging.
Connecticut has the highest number of individuals making over $1 million in income, accounting for 0.63 percent of the state’s tax-paying population, according to a recent study by personal finance website MoneyRates.com. Mississippi has the highest number of low earners....More
The percent of households working in the private sector with a defined benefit (DB) pension has fallen sharply in recent years, and Federal Reserve data shows that they will become nearly extinct in the years ahead....More
The National Endowment for Financial Education and the Financial Planning Association have launched a tournament bracket of their own—to help investors and consumers determine their top four financial priorities....More
Assets under management in "managed investment solutions," such as rep-as-portfolio manager programs, unified managed accounts and mutual fund advisory programs, passed $4 trillion at the end of 2014, up 16 percent from $3.4 trillion in 2013....More
The vast majority of WealthManagement.com readers are either unfamiliar with life settlements, or are familiar with them but have never recommended them to clients. Many advisors associate life settlements with either an option for the terminally ill, or with unethical activities such as a stranger-originated life insurance (STOLI)....More
Many financial advisors focus on the key baby boomer segment that is approaching retirement. With one of the largest transfers of wealth in history expected to occur over the coming decades and technology playing a larger economic role, successful advisors are looking for ways to work with younger investors....More
Many small business owners want to plan for their company’s long-term future and their own retirement. In the past, addressing a small business owner’s retirement and buy-sell needs often meant proposing two independent solutions....More