Wealth Management
Top stories summarized by our editors
4/21/2017

The Trump administration is confident an overhaul of US tax law will be finished by year-end, Treasury Secretary Steven Mnuchin says. "Whether health care gets done or doesn't get done, we're going to get tax reform done," he said.

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tax law, Steven Mnuchin
4/21/2017

Millennials focus more on buying a home and saving for vacation, a wedding or college compared with older generations, a Stash survey finds. Advisors who prioritize these life events are more successful working with younger clients, says Alan Moore of XY Planning Network.

4/21/2017

Gold can be useful in a retirement portfolio, but history shows better alternatives for the principal reasons people invest in gold: to hedge against inflation and stock market volatility and to hold a secure asset during turmoil.

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CNNMoney
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stock market
4/21/2017

The prospect of retirement abroad can be inviting, but the decision is a major one that requires careful preparation. Financial planner Paul Wyand lays out five considerations, beginning with getting a feel for the desired foreign destination.

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Next Avenue
4/21/2017

Newly widowed clients often change advisors because of the way financial advice is being delivered to them, not because there is anything wrong with the advice itself, says Barbara Shapiro, president of HMS Financial Group. "So, when talking to your widowed clients, be patient, but not patronizing or infantilizing," she says.

4/21/2017

Advisors can prospect for clients by working with the Veterans Benefits Administration, writes Kim Magdalein of Seminars For Less. The agency, part of the Department of Veterans Affairs, helps veterans get benefits to which they are entitled.

4/21/2017

Advising clients on maximizing Social Security benefits is only the first step, experts say. Clients likely also need help going through the application process.

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Social Security
4/21/2017

Engaging with the audience during a public presentation can be a challenge, writes veteran public speaker Daniel C. Finley, president of Advisor Solutions in St. Paul, Minn. He offers five steps to ensure you are "connecting the room."

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Daniel C. Finley
4/20/2017

A TIAA survey of nonprofits with defined-contribution plans found that 54% of respondents said they offer in-plan options for guaranteed lifetime income. Among nonprofits whose plans lack such options, 34% said they think participants are able to "access annuities outside the plan," the survey found.

4/20/2017

Based upon today's typical costs, transferring pension liabilities to annuities sold by insurers is "significantly more attractive" to companies than holding such plans on their balance sheets, according to consulting firm Mercer. The number of companies shifting pension risks has been rising steadily since 2012, said Lynn Esenwine of Mercer.

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Employee Benefit News
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Mercer, Mercer, Lynn Esenwine