Advisor Perspectives

SEPTEMBER 24, 2023

For many wealth advisors, workplace retirement plans are either a burden or an afterthought, according to John Kutz, National Retirement Plan Strategist at Franklin Templeton. He and his team explore why embracing these plans can benefit their practice, and their clients.

Retirement Planning 52

Retirement Planning Wealth Advisor Retirement Planning 52

Nerd's Eye View

NOVEMBER 8, 2023

For instance, after a lifetime of 'maximizing' their finances (likely seeing their net worth increase steadily over time), some clients might find it difficult to see their portfolio balances decline in retirement as they draw down their assets to support their lifestyles. market conditions or their own longevity). Read More.

Retirement 209

Retirement Clients Planning Food 209

Million Dollar Round Table (MDRT)

OCTOBER 1, 2023

By Mike Beirne, MDRT Round the Table editor As there are many types of clients in a range of demographics, there also are a variety of ways to communicate with them. Allocating retirement planning I introduce asset allocation with clients by dividing retirement life into two parts: basic life and high-quality life.

Clients 77

Clients Asset Allocation Retirement Planning Transportation 77

Nerd's Eye View

APRIL 24, 2024

Over the past few decades, advicers have used Monte Carlo analysis tools to communicate to clients if their assets and planned level of spending were sufficient for them to realize their goals while (critically) not running out of money in retirement.

Communication 197

Communication Retirement Clients Planning 197

Wealth Management

OCTOBER 4, 2023

Advisors are overdelivering services such as health care, estate and business planning, while falling short in the areas their clients most desire.

Retirement Planning 141

Retirement Planning Planning Retirement Taxes 141

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 215

Financial Planner Commission Financial Advisor Communication 215

Nerd's Eye View

JANUARY 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news of a survey indicating that about 90% of financial advisors would switch firms based on bad technology at their current firm, and that 44% have already done so.

Financial Planner 189

Financial Planner Retirement Planning Financial Advisor Retirement 189

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 241

Financial Planner CFP Financial Advisor Retirement Planning 241

Abnormal Returns

APRIL 1, 2024

wiredplanning.com) Retirement Spending guardrails are important in retirement, but the details matter. kitces.com) Why do adviser clients claim Social Security earlier than you would think? thinkadvisor.com) Not everyone is happier in retirement. citywire.com) How to leverage your client base to help find new hires.

Wealth Management 195

Wealth Management Math Financial Advising Retirement 195

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

Million Dollar Round Table (MDRT)

JANUARY 29, 2023

By Kennedy Sumarlie, CFP Most of the time, retirement plans and children’s education fund-related products require long-term discipline and consistent financial commitment. This feels challenging for some clients. When I encounter a client who may be hesitant about long-term planning, I often use simple explanations.

Clients 88

Clients Financial Planning Planning Retirement Planning 88

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 217

Financial Planner Retirement Planning Retirement Insurance 217

Abnormal Returns

OCTOBER 30, 2023

Podcasts Brendan Frazier talks with Jake Northrup of Experience Your Wealth about how he infuses the human side to help clients live their ideal life. nextavenue.org) Advisers Comprehensive financial planning takes more time and effort. kitces.com) Why formal retirement plans provide clients with additional confidence.

Wealth Management 218

Wealth Management Financial Advising Retirement Planning Financial Advice 218

Wealth Management

FEBRUARY 23, 2023

A new WMIQ study on retirement planning, conducted in collaboration with annuity provider Midland Advisory, found more than 3/4 of potential clients feel it’s important for advisors to be fiduciaries and nearly 2/3 prioritize retirement expertise.

Clients 103

Clients Retirement Planning Retirement Planning 103

Covisum

JUNE 8, 2022

How often do clients ask if Social Security will be there when they retire? 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. How many have no idea that they should be worried at all?

Retirement Planning 52

Retirement Planning Retirement Planning Financial Advisor 52

Abnormal Returns

JANUARY 15, 2024

riaintel.com) HNW clients want additional services. thinkadvisor.com) Advisers Financial planning is seeing a battle between growing complexity and rising technology. kitces.com) Client's lives are growing more complex. flowfp.com) Small businesses overstate the costs of starting a retirement plan.

Financial Planner 231

Financial Planner Wealth Management Financial Advising Retirement Planning 231

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

Nationwide Financial

JANUARY 10, 2023

Financial professionals, advisors and consultants can help plan sponsors understand how guaranteed lifetime income investment options may fit into their investment line-up. 2022 was a difficult year for many American retirement savers who watched markets drop and inflation dent their monthly budgets.

Retirement Planning 52

Retirement Planning Retirement Planning Consulting 52

Million Dollar Round Table (MDRT)

JUNE 27, 2023

We want our clients, our prospects and those who refer us to understand what we’re great at and that we’re specialists in that field, much like cardiologists are specialists in their field. Our clients have specific problems and fit a specific profile. Our clients have specific problems and fit a specific profile.

Clients 76

Clients Retirement Planning Taxes Retirement 76

Nerd's Eye View

JANUARY 1, 2024

This month's edition kicks off with the news that held-away asset management platform Pontera has raised $60 million in venture capital funding as advisors increasingly seek to directly manage clients' 401(k) and other outside assets – although an ongoing investigation by Washington state regulators over whether advisors' use of Pontera violates (..)

Retirement Planning 203

Retirement Planning Compliance Startup Clients 203

Nerd's Eye View

MAY 6, 2024

This month's edition kicks off with the news that self-directed retirement planning software provider NewRetirement has raised a $20M Series A round as the company demonstrates that its DIY tools really do turn a subset of consumers into bona fide prospects for financial advisors.

Financial Advisor 153

Financial Advisor Retirement Planning CFP Clients 153

Park Place Financial

NOVEMBER 29, 2022

Retirement Planning 5 Ways to Catch Up on Retirement Planning Later in Life Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. Retirement is a significant investment, which is why so many financial experts recommend establishing goals and starting when still a younger adult. SIMPLE 401(ks) and IRAs

Retirement Planning 52

Retirement Planning Retirement Certified Financial Planner Planning 52

Nerd's Eye View

MARCH 22, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the SEC has recently been cracking down on firms for recordkeeping failures related to electronic communications, including their use of text messaging with prospects and clients.

Financial Planner 218

Financial Planner Communication Electronics Retirement 218

WiserAdvisor

JULY 27, 2023

This advanced language processing technology has also greatly impacted the financial advisory sector, prompting a critical question: Can ChatGPT replace human financial advisors in retirement planning? Personalized guidance, empathy, and a deep contextual understanding are integral to effective retirement planning.

Retirement Planning 52

Retirement Planning Financial Advisor Retirement Planning 52

Wealth Management

JANUARY 31, 2023

Vestwell conducted the fourth-annual “Retirement Trends Report” in fall 2022 and received responses from almost 1,300 savers, 500 financial advisors and 250 small businesses.

Financial Advisor 98

Financial Advisor Retirement Planning Retirement Clients 98

Nerd's Eye View

SEPTEMBER 29, 2022

State tax breaks for retirees usually come in 4 flavors: no income tax at all; exclusion of Social Security income from taxable income; exclusion of pension or retirement plan withdrawals; and additional exemptions, deductions, or credits for all taxpayers above certain age thresholds. Every state in the U.S.,

Taxes 246

Taxes Retirement Retirement Planning Clients 246

Fortune Financial

FEBRUARY 28, 2023

The employer or plan participant can contribute pre-tax dollars into this account to pay for out-of-pocket health expenses. Check out our retirement planning playlist for tips on receiving the most from your benefits. What Can You Use HSA Savings For In Retirement? The HDHP is paired with a tax-favored HSA account.

Retirement Planning 52

Retirement Planning Retirement Planning Healthcare 52

Advisor Perspectives

NOVEMBER 7, 2022

I will outline a relatively straight-forward retirement planning process that advisors can use to help their clients find financial peace of mind in retirement and help them make better financial decisions.

Retirement 98

Retirement Clients Retirement Planning Planning 98

Nerd's Eye View

SEPTEMBER 20, 2023

But despite recognizing the impact of investment variability and sequence of return risk on a financial plan, advisors have generally ignored the same historical trends for inflation in their clients' financial plans. Read More.

Financial Planning 214

Financial Planning Risk Tolerance Retirement Planning Planning 214

Nationwide Financial

MARCH 7, 2023

Key Takeaways You and your clients are probably feeling the pressure of inflation and the anxiety of a potential recession—and now can be a good time to discuss financial security. Helping a client develop a plan and follow through on their goals is a strategy to get them to a place where they feel financially secure.

Clients 52

Clients Retirement Planning Retirement Financial Planning 52

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 154

Financial Planner Retirement Planning Retirement Insurance 154

Nerd's Eye View

JUNE 30, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that NAPFA has announced that it will no longer exclude advisors who receive up to $2,500 in annual trailing commissions from previous product sales, if they agree to donate that money to a non-profit organization (..)

Financial Planner 219

Financial Planner Fee Only Commission Retirement Planning 219

Nerd's Eye View

SEPTEMBER 20, 2023

But despite recognizing the impact of investment variability and sequence of return risk on a financial plan, advisors have generally ignored the same historical trends for inflation in their clients' financial plans. Read More.

Retirement 205

Retirement Planning Financial Planning Risk Tolerance 205

Nerd's Eye View

OCTOBER 17, 2023

Brad is the Co-Founder & CEO of Intellicents, an independent RIA with 12 offices across the country and headquartered in Albert Lea, Minnesota, that oversees $6 billion in assets under management for more than 3,000 client households.

Financial Planning 130

Financial Planning Planning Wealth Management Retirement Planning 130

AdvicePay

APRIL 26, 2023

Fee-for-service financial planners can help small business clients maximize expanded tax credits by establishing a new retirement plan for employees

Financial Planner 79

Financial Planner Retirement Planning Clients Planning 79

Nerd's Eye View

AUGUST 24, 2023

However, when these aspirations are delayed or blocked by senior advisory firm partners who choose to delay their retirement plans, it can leave younger advisors frustrated and in a place of uncertainty about their futures with their firm.

Retirement 212

Retirement Planning Retirement Planning Financial Advisor 212

Covisum

JULY 12, 2022

Our advisor-led team understands the concerns of your retired clients and how the right financial planning software can make addressing them easier. Read on to see how we've updated our software to help you quickly and easily address client needs and demonstrate the value of your financial advice.

Retirement Planning 92

Retirement Planning Retirement Planning Financial Advice 92