The Financial Literates

MARCH 23, 2022

10 Myths About Retirement planning Retirement planning has gained prime importance largely due to changes in the lifestyle of people, an increase in life expectancy, the concept of nuclear families, and an urge to live independent retirement life without being financially dependent on children.

Retirement Planning 52

Retirement Planning Retirement Planning Financial Planning 52

oXYGen Financial

AUGUST 27, 2023

[CDATA[ No matter the reasons for mergers and acquisitions, it's essential to be careful about potential problems with the seller's retirement plan. To avoid issues after the deal is done, it's best to review the plan early and address any concerns. In this article, we'll look at how to. ]]

Retirement Planning 40

Retirement Planning Retirement Planning 40

Nerd's Eye View

APRIL 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a.

Financial Planner 212

Financial Planner Commission Financial Advisor Communication 212

Steve Sanduski

APRIL 8, 2023

As I think about the nature of retirement planning, it is highly left-hemisphere focused. What’s missing from retirement planning, and financial planning in general, is the value, nuance, and context that right-hemisphere thinking brings to the table. What does all this have to do with retirement planning?

Retirement Planning 52

Retirement Planning Retirement Planning Certified Financial Planner 52

Covisum

JUNE 8, 2022

This article talks about the possibility of depleted funds, what may occur to save the program, and how you can best help your clients with Social Security retirement planning.

Retirement Planning 52

Retirement Planning Retirement Planning Financial Advisor 52

Nerd's Eye View

NOVEMBER 3, 2023

Among other measures, the proposal would amend the current 5-part test that determines fiduciary status for retirement accounts by defining as a fiduciary act a one-time recommendation to roll funds from a company retirement plan to an Individual Retirement Account (IRA), strengthen advice standards for independent insurance professionals, apply to (..)

Financial Planner 213

Financial Planner Retirement Planning Retirement Insurance 213

Nerd's Eye View

JANUARY 26, 2024

Also in industry news this week: A House committee has advanced a bill that would extend several expired business-related tax measures from the Tax Cuts and Jobs Act and would increase the value of the Child Tax Credit The SEC released its examination priorities for 2024, which include a focus on advisers' adherence to their duty of care and duty of (..)

Financial Planner 186

Financial Planner Retirement Planning Financial Advisor Retirement 186

Nerd's Eye View

APRIL 19, 2024

Also in industry news this week: The Office of Management and Budget (OMB) has completed its review of the Department of Labor's new "fiduciary rule ", indicating that it could be released in the coming days or weeks (though, like its predecessors, its ultimate disposition is likely to be determined in the courts) The IRS announced this week that it (..)

Financial Planner 239

Financial Planner CFP Financial Advisor Retirement Planning 239

Nerd's Eye View

MARCH 22, 2024

Also in industry news this week: A recent survey suggests that advisors who best understand their prospects' and clients' unique needs and communicate their value and fees clearly could be best positioned to win and retain clients Why a dearth of advisor talent could spur additional M&A activity and 'poaching', and what firms can do to attract (..)

Financial Planner 215

Financial Planner Communication Electronics Retirement 215

Nerd's Eye View

JANUARY 19, 2024

Nevertheless, there is potential for many individual RIAs to expand their staffing further, with the addition of specialized planning and operations roles being seen as a potential avenue to boost firm growth. in 2023, the RIA space showed significantly more strength, with 10.4%

Financial Planner 213

Financial Planner Fiduciary Duty Retirement Retirement Planning 213

Nerd's Eye View

OCTOBER 21, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass a series of changes affecting retirement planning, dubbed “SECURE ACT 2.0”, ”, by the end of the year. Social Security COLA for 2023.

Financial Planner 153

Financial Planner Retirement Planning Retirement Insurance 153

Nerd's Eye View

OCTOBER 6, 2023

Also in industry news this week: A new advisor benchmarking study indicates that high-growth firms are excelling in 3 areas: client acquisition, "relationship alpha", and strategic scale A recent survey indicates that while advisors increasingly are leveraging home office investment models to save time and scale more efficiently, they often customize (..)

Financial Planner 235

Financial Planner CFP Certification Communication 235

Nerd's Eye View

JULY 14, 2023

Also in industry news this week: The SEC this week finalized a series of rules designed to discourage future runs on money-market funds, potentially reducing their liquidity risk A recent study suggests that advisor marketing messages that address prospective clients' emotional concerns, in addition to their technical questions, could be particularly (..)

Financial Planner 209

Financial Planner Compliance Media Retirement Planning 209

Nerd's Eye View

JUNE 30, 2023

Also in industry news this week: Concerned about the (insufficient) frequency of its examinations of RIAs, an SEC committee has recommended that the regulator allow third parties to conduct these examinations and to request Congressional authorization to charge investment advisers under its purview a ‘user fee’ that would provide steady (..)

Financial Planner 216

Financial Planner Fee Only Commission Retirement Planning 216

Nerd's Eye View

AUGUST 25, 2023

Also in industry news this week: The SEC settled its first charges related to its new marketing rule with a firm that advertised 2,700% annual returns A survey suggests that older Americans prefer the term "longevity" to "aging", perhaps informing the way advisors discuss related issues with their clients From there, we have several articles on retirement (..)

Financial Planner 199

Financial Planner Retirement Retirement Planning Advertising 199

Nerd's Eye View

DECEMBER 22, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that Envestnet has published research highlighting a number of key trends that they believe will shape the growth of the advisory industry in 2024 and beyond, which reflect at a high level advisors' ongoing shift towards providing (..)

Financial Planner 214

Financial Planner Fee Only Tax Planning Retirement 214

Nerd's Eye View

SEPTEMBER 1, 2023

Also in industry news this week: A legal challenge to FINRA's operations as a self-regulatory organization has the potential to upend the current regulatory system for broker-dealers and their registered representatives A recent study indicates that while many consumers appear confident handling their finances on a 'DIY' basis during their careers, (..)

Financial Planner 188

Financial Planner Strategic Planning Retirement Planning Retirement 188

Nerd's Eye View

APRIL 28, 2023

House of Representatives committee this week approved legislation that would expand the pool of individuals who would qualify as accredited investors able to access certain private offerings Proposed bipartisan legislation would allow individuals to use funds in 529 plans for expenses associated with acquiring or maintaining postsecondary credentials, (..)

Financial Planner 184

Financial Planner Certification Retirement Planning Retirement 184

Nerd's Eye View

JANUARY 5, 2024

Also in industry news this week: Recent data show that RIAs are gaining on wirehouses in terms of advisor headcount and assets under management, with these trends expected to continue over the next several years The range of actions independent broker-dealers are taking to keep advisors under their umbrellas From there, we have several articles on (..)

Financial Planner 188

Financial Planner Retirement Retirement Planning Financial Advisor 188

Nerd's Eye View

OCTOBER 20, 2023

Also in industry news this week: The latest update on the status of the Department of Labor's proposed regulation related to fiduciary advice on retirement accounts and why the agency is referring to it as a "retirement security rule" rather than a "fiduciary rule" A report suggests that RIA M&A surged in the 3rd quarter, as large acquirers resumed (..)

Financial Planner 195

Financial Planner Retirement Planning Retirement Healthcare 195

Nerd's Eye View

DECEMBER 23, 2022

”, a series of measures that will have significant impacts on the world of retirement planning. From there, we have several articles on advisor marketing: Five tactics advisors can use to make the most of the online referrals they receive. How ‘regifting’ can help save money and reduce waste.

Financial Planner 198

Financial Planner Retirement Planning Financial Planning Distribution 198

Nerd's Eye View

DECEMBER 16, 2022

From there, we have several articles on practice management: Why it is important for advisors charging on a fee-for-service basis to regularly reassess their pricing, and best practices for letting current clients know about a fee increase. How firms can best leverage their internal data to improve the number of client referrals they receive.

Financial Planner 225

Financial Planner CFP Financial Advisor Retirement Planning 225

Nerd's Eye View

JULY 28, 2023

Also in industry news this week: The SEC released a proposal that would require firms to take steps to eliminate or neutralize conflicts of interest when using predictive data analytics tools with clients A recent study found that financial advisors remain the top source of financial advice for consumers, with social media coming in well behind From (..)

Financial Planner 215

Financial Planner Financial Advisor Retirement Planning Financial Advice 215

Nerd's Eye View

DECEMBER 30, 2022

” has brought a wide range of changes to the world of retirement planning. From there, we have several articles on advisor technology: A recent survey shows that many advisors at large firms are unhappy with their firm’s current tech stack and that client growth has suffered because of it.

Financial Planner 186

Financial Planner Retirement Planning Clients Planning 186

Carson Wealth

DECEMBER 27, 2023

By Ryan Egolf, EA, Senior Tax Planner As the New Year quickly approaches, it’s time to put a bow on your 2023 financial plan. While this is by no means an exhaustive or comprehensive list of financial planning tools, these three broad areas will get you headed in the right direction. Rates are more accessible than ever before.

Planning 89

Planning Retirement Planning Insurance Taxes 89

Nerd's Eye View

SEPTEMBER 15, 2023

Also in industry news this week: The SEC agreed to a series of settlements with 9 RIAs resulting from charges of improper use of hypothetical returns in advertising under the regulator's marketing rule How several CEOs of large RIAs and AdvisorTech companies have found that receiving funding from private equity firms and taking the responsibility for (..)

Financial Planner 209

Financial Planner Retirement Retirement Planning Advertising 209

Nerd's Eye View

NOVEMBER 11, 2022

From there, we have several articles on advisor marketing: Three tactics advisors can use to improve their ‘close’ rate with prospective clients. While “free” Medicare Advantage plans might sound enticing, advisors can help their clients assess whether a different plan might actually be more cost-efficient.

Financial Planner 170

Financial Planner Retirement Planning Compliance Clients 170

Nationwide Financial

JULY 20, 2022

Social Security planning is an important part of preparing for retirement, and clients considering filing for benefits in today’s environment are finding planning more challenging as they contend with the lingering economic impacts of COVID-19, record inflation, and heightened market volatility. How planning has changed?

Clients 98

Clients Planning Retirement Planning Retirement 98

Nerd's Eye View

SEPTEMBER 2, 2022

From there, we have several articles on investments: How Morningstar plans to simplify its rating system amid continued concerns about its effectiveness. The variety of ways individuals approach retirement, from choosing where to live to finding purpose in their daily lives.

Financial Planner 186

Financial Planner Strategic Planning Retirement Planning Retirement 186

The Irrelevant Investor

JANUARY 21, 2024

Articles Millions of lucky egomaniacs (By Morgan Housel) The Why? By Alex Morris, paywall) My investment journey has been anything but a straight path (By Nick Maggiulli) People are living longer so retirement planning has never been more important than it is today.

Retirement Planning 98

Retirement Planning Retirement Planning Investing 98

Nerd's Eye View

DECEMBER 29, 2023

Also in industry news this week: After the Massachusetts state regulators proposed a regulation that would require businesses to provide accurate up-front pricing information before a customer provides any personal information, life insurance industry groups have requested an exemption from the rule (since insurers need to have at least some of the (..)

Financial Planner 207

Financial Planner Insurance Retirement Retirement Planning 207

Nerd's Eye View

APRIL 14, 2023

The company said the bulk of the funds will go toward research and platform development as it attempts the challenging task of getting more mid-sized RIAs to move over to Altruist from their current custodian.

Financial Planner 168

Financial Planner Retirement Planning CFP Financial Planning 168

Nerd's Eye View

DECEMBER 9, 2022

Also in industry news this week: A recent survey indicates that retirement plan sponsors currently using financial advisors to support their plan are overwhelmingly satisfied with the service they receive, which also leads to improved retirement savings for their employees.

Financial Planner 184

Financial Planner Recruitment Retirement Planning Retirement 184

Nerd's Eye View

SEPTEMBER 9, 2022

Also in industry news this week: As broker-dealers increasingly offer fee-based planning services, RIAs are responding by enhancing their own service offerings, and offering alternative fee structures to differentiate themselves from the competition. How sequence of return risk can affect accumulators as well as retirees.

Financial Planner 186

Financial Planner Retirement Planning Financial Advisor Education 186

Nerd's Eye View

FEBRUARY 10, 2023

Also in industry news this week: The SEC this week released its 2023 examination priorities, which include its new marketing rule, Reg BI, and complicated investments The House of Representatives is considering legislation that would broaden the definition of who qualifies as an accredited investor and is potentially eyeing a role for financial advisors (..)

Financial Planner 192

Financial Planner CFP Certification Retirement Planning 192

Darrow Wealth Management

APRIL 15, 2024

But typically, it means the same thing: working in some capacity after retiring early. According to the 2024 State of Retirement Planning Study by Fidelity Investments, the rise of remote and hybrid work has shifted retirement preferences for working Americans under age 42. But that’s short-sighted.

Retirement 90

Retirement Retirement Planning Insurance Medical 90

Nerd's Eye View

AUGUST 4, 2023

Also in industry news this week: RIA M&A activity fell in the second quarter compared to the same period last year amid rising financing costs, though continued private equity interest in the RIA space could help buoy deal volume going forward According to a recent survey, RIAs appear to be taking a defensive approach toward the SEC's new marketing (..)

Financial Planner 193

Financial Planner Retirement Planning Compliance Retirement 193