Pre-retirees increasingly believe advisors have an obligation to educate them about guaranteed lifetime income options including annuities, according to a survey from Greenwald & Associates and the annuity-data provider CANNEX. The number of respondents who said they believe lifetime income is a valuable addition to Social Security increased to 73% from 61% last year.
As cyberthreats grow, advisors should be aware of what information hackers are looking to exploit. Digital media specialist Kirby Mack discusses four factors that motivate hackers and suggests some preventive measures.
Data from researchers Cerulli Associates show workers who are automatically enrolled into retirement savings plans tend to save more but also indicate significant resistance from employees with less than $100,000 in investable assets. According to Cerulli, this resistance is largely based on a belief that it is not employers' right to decide.
Questions remain over whether an outside party such as state attorneys general or investor-protection groups will step in as a defendant if the Labor Department decides to forgo further defense of its fiduciary rule, which recently was vacated by an appeals court. The Labor Department has a June 13 deadline for petitioning the Supreme Court to consider the case.
Seven of Healthcare Trust Inc.'s senior housing communities have been included by Capital One in HTI's Fannie Mae credit facility, now at $216.6 million. The total increased by $64.2 million with the latest transaction.
Phillips Edison Grocery Center REIT II has reported a 25.1% year-over-year rise in funds from operations in the fourth quarter. The nontraded real estate investment trust also reported its full-year 2017 results and noted that its same-center net operating income improved by 5.2% in Q4.
Public nontraded real estate investment trust Strategic Storage Growth Trust has purchased a new self-storage facility in Chula Vista, Calif. The facility includes 900 units and 86,000 square feet of space.
Steadfast Apartment REIT has estimated its company's net asset value per share of common stock at $15.18 as of Dec. 31. The new NAV per share is 2.2% higher than the $14.85 estimated net value per share as of a year earlier.
Steel prices on New York City construction sites are already increasing ahead of expected tariffs on imported steel and aluminum, several companies said. Plate steel prices have risen about 15% since November, while steel beam prices have increased by about 10%.
Residential construction companies are reporting tougher scrutiny of their workforces by US Immigration and Customs Enforcement. Job sites and employers have reported receiving notice of planned audits, inspections and compliance checks.