Wealth Management
Top stories summarized by our editors
11/17/2017

More than a dozen cases alleging so-called Ponzi schemes are heard in US courts each month. Accountant David Wall points out that the swindlers often target people with limited incomes and assets, ultimately extracting their life savings from them.

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MarketWatch
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Ponzi schemes
11/17/2017

Personal finance writer Suzanne Woolley looks at the cases for and against "Rothification" of 401(k) retirement savings plans. A report from the Joint Committee on Taxation says 401(k) tax breaks, as they stand now, will cost the federal government $583.6 billion through 2020.

11/17/2017

Medical debt has been identified as the primary cause of US bankruptcy filings, which have risen marginally since 2008 among people age 65 and over. Attorney Bobby Wilbert argues that filing for bankruptcy protection can bring "emotional relief."

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Next Avenue
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bankruptcy protection
11/17/2017

Financial fraud perpetrated against older Americans includes promises of cheaper, imported medication and people who pose as grandchildren in need of money. A conference advised accountants on how to spot unreported fraud and to prevent abuse.

11/17/2017

Not all insurance policies are needed in retirement, but many types are still desirable. Maryalene LaPonsie reviews two essentials, as well as policies you might need and ones you could do without.

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insurance policies
11/17/2017

The latest version of the Senate tax bill does not include a proposal to limit the tax break on catch-up contributions to 401(k) plans. The latest version of the bill also reinstates nonqualified deferred compensation plans

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Senate
11/17/2017

Matt Fellowes, founder and CEO of United Income, notes the increasing need to "insure against longevity," and annuities are one way to overcome this risk. Certified financial planner Benjamin Sullivan also notes that hybrid annuity products may be preferable to long-term care insurance.

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Matt Fellowes, United Income
11/17/2017

A group of lawyers has commented on the Securities and Exchange Commission's newly released report on its fiscal 2017 enforcement activities, which records a slight drop in standalone cases against firms and advisors. The group notes a continued emphasis on pursuing individual accountability and expects a continued focus on cybersecurity and startups in 2018.

11/17/2017

Sales and marketing consultant John Graham describes seven mistakes that could cost you a sale. Among them are trying to act like a friend rather than an expert and giving clients what they say they want.

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John Graham
11/17/2017

The book "Thriving in Retirement: Lessons from Baby Boomer Women" explores how a number of women age 61 to 71 are transitioning from their successful careers to retirement and their goals and expectations. The authors note that many of the women interviewed think of the senior years as a gear-change and are approaching that phase positively.

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Next Avenue