True implications of new tax law has many Americans at a loss
New MDRT study finds 4 in 10 Americans mistakenly think it impacts this year’s tax returns; Good news is more consumers likely to consult an advisor for guidance in tax planning.
Retirement Planning
4 in 10 Boomers still have no retirement savings; yet only 3 in 10 expect to work past 70
Baby boomers remain in large measure unprepared for retirement, having failed both to plan adequately and save enough, according to new study.
Strategies for Wealth honored as Guardian’s top agency for 18th time
The firm with the best overall performance in terms of production, recruiting, agent achievement and development, including agent productivity and client building in the prior year earns the award.
New study finds fewer GenXers have retirement savings
Advisors uniquely positioned to help a generation on shaky retirement planning ground as 40% of Gen Xers admit to having no retirement savings.
12 tips for generational outreach – and a new tool to identify life insurance solutions by generation
AIG shares 12 tips to help financial professionals effectively reach out to prospective clients, and executive Kirsten Lees explains how the company created a new tool intended to quickly pinpoint life insurance solutions based on a few simple questions.
Retirees who own an annuity are more confident about maintaining lifestyle
Study finds the retiree annuity ownership rate is nearly 70% higher among households that have completed a formal plan than households without plans, yet advisors report they have completed formal retirement income plans for only 35% of their retired clients.
Expanded retirement savings opportunities, better access to annuities among IRI policy priorities for 2018
Just-released 2018 Retirement Security Blueprint focused on expanding opportunities to save for retirement, increasing access to lifetime income and protecting older investors.
Millennials making progress toward retirement saving, but Social Media is an Achilles’ heel
New study from Allianz Life finds parents’ bad experiences also impact millennial financial behavior; Study also shows boomers finally showing signs of optimism about their retirement readiness.
World’s Best (budget-friendly) Places to Retire in 2018: Costa Rica takes top spot
Those approaching retirement without the funds to do so comfortably stateside may be interested in InternationalLiving.com’s recently released ranking of the “World’s Best Places to Retire.” IL also offers its “5 Most Affordable Retirement Havens” and “6 Top Retirement Spots where the Climate is Great.”
Business owners’ love of work may hinder succession planning
Nationwide draws parallel between number of business owners with no plans to retire and lack of succession plan in new study. Two in three business owners report not having one in place.
