Wealth Management
Top stories summarized by our editors
1/20/2017

Retirees' need to stay physically active is common knowledge, but common practice is that they don't. The key is motivation, and Retire Fabulously founder Dave Hughes offers 12 steps to a fitness regime that people are likely to stick with, beginning with choosing an enjoyable activity.

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Dave Hughes
1/20/2017

People retiring before their full Social Security retirement age should know that certain types of income, such as severance benefits, don't count against the system's earnings limit, writes certified financial planner Mary Beth Franklin. In addition, people eligible for survivor benefits should know that the full retirement age in this category might differ from that for Social Security, Franklin writes.

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InvestmentNews
1/20/2017

Parents face many challenges when they must balance long-term planning for a special-needs child with their own retirement savings, experts say. Certified financial planner Mary Anne Ehlert says crucial factors for special-needs families include investment allocations, government benefits and estate plans.

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Morningstar
1/20/2017

The growth of the so-called gig economy is beginning to create new opportunities for retirement savings, as in the partnership between ride-hailing service Uber and Betterment. The workers are generally younger but, as in the case of Uber, they can be older as well, with low participation rates for what is generally spotty availability of retirement accounts.

1/20/2017

Financial advisors might have difficulty servicing small accounts under the Labor Department's fiduciary rule, which requires stricter documentation of financial advice. One way advisors can address these challenges is by exploring digital client portals, writes David Lyon of Oranj.

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David Lyon, Department of Labor
1/20/2017

Sen. Elizabeth Warren, D-Mass., has written 33 financial companies asking questions such as whether they support delay of the Labor Department's fiduciary rule and whether they will reverse changes made if the rule is delayed or repealed. The letter requests a reply by Jan. 31.

1/20/2017

The Labor Department's proposal to let independent marketing organizations qualify as financial institutions under its fiduciary rule would involve a difficult-to-meet threshold, experts say. To qualify, IMOs would need to average $1.5 billion in fixed-annuity premiums for the previous three fiscal years.

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IMOs, Labor Department
1/20/2017

Guidance from New York financial regulators highlights the importance of a suitability review when looking at annuities for clients, write Robert Bloink and William Byrnes. Advisors are urged to consider factors such as whether an exchange of annuities is appropriate and the potential of capped versus uncapped investment.

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ThinkAdvisor
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Robert Bloink, William H. Byrnes
1/20/2017

A recent look at cybersecurity by the FPA Research and Practice Institute and TD Ameritrade Institutional finds that although big firms tend to see more security breaches, smaller firms are increasingly in the crosshairs of cybercriminals. Eight recommendations for mitigating your risk include keeping email systems updated and properly encrypting emails that include sensitive data.

1/20/2017

Even small firms can be tempting targets for cybercriminals. Tips for shielding your firm include backing up data each day and using firewalls on all devices.