Wealth Management
Top editor picks, summarized for you
7/2/2015

A shift from defined-benefit to defined-contribution retirement plans means clients increasingly need help from financial advisers to deal with annuities, rollovers and income generation in a low-interest-rate environment, according to a report from Cerulli Associates. Equity-market strength has investors increasing risk-taking to handle health care costs, long-term-care expenses and longevity risk, the report says.

Full Story:
ThinkAdvisor
More Summaries:
Cerulli Associates
7/2/2015

Plentiful savings and sound investment strategies alone will not guarantee a happy retirement. Retirees also need a lifestyle that will prove enjoyable over the long-term, including meaningful hobbies and social gatherings. David Ning offers five steps toward that goal.

More Summaries:
David Ning
7/2/2015

Many advisers aren't sold on alternatives. "I think they're overrated," says planner Daniel Moisand, noting that they tend to be expensive, illiquid and overly reliant on managers.

7/2/2015

A strong majority of baby boomers and members of Generation X say the traditional idea of retirement is a "romantic fantasy of the past," Allianz Life says.

Full Story:
TheStreet.com
More Summaries:
baby boomers, Allianz Life
7/2/2015

Lower earnings and a shorter working life can affect women's financial security, which means women must plan for retirement differently than men do, Jamie Hopkins writes.

Full Story:
Forbes
7/2/2015

A proposal to subject workers to means testing before they can receive Social Security benefits is a concern, adviser Amanda Lott writes, arguing that proposals need "to consider the impact on all retirees and not just the Warren Buffetts of the world."

Full Story:
Financial Advisor
More Summaries:
Social Security
7/2/2015

Tax-advantaged health savings accounts will soon go through a period of dramatic growth, according to a study from Avidia Bank. Investment in HSAs is expected to quadruple every three years at least until 2020, said Todd Berkley, president of HSA Consulting Services and the study's author.

Full Story:
PlanSponsor.com
7/2/2015

The likelihood that the Securities and Exchange Commission will require variable annuity summary prospectuses, a longstanding proposal of the Insured Retirement Institute, may have improved with a recent staff change. The regulator's former Investment Management Director Andrew "Buddy" Donohue, who has spoken in favor of a summary prospectus, recently returned to the agency as Chairwoman Mary Jo White's chief of staff.

Full Story:
ThinkAdvisor
7/2/2015

While many would agree that behavioral psychology has strong applications to investing, one expert says that there is still a wide gulf between the two disciplines. "The problem is that most behavioral finance research is done by 'ivory tower' types who have never worked with financial advisors or clients,” says planner and behavioral expert Brad Klontz.

More Summaries:
Brad Klontz
7/2/2015

Rick Fleming, the Securities and Exchange Commission's investor advocate, said he supports the agency's work on summary prospectuses for variable annuities. Former SEC member Troy Paredes said at an Insured Retirement Institute conference this week, "This is an area that it would seem to me to be on where you could find pretty wide consensus." IRI has argued in favor of a summary prospectus for years.

Pages