Some New Jersey commuters are likely to experience significantly increased travel times during a $90 million project to repair and strengthen a bridge that connects with the Lincoln Tunnel. The work is expected to bring serious traffic congestion to towns including North Bergen, Secaucus, Union City and Weehawken.
Indexed annuity sales were up 18% in the second quarter compared with a year ago, while sales of multiyear guaranteed annuities rose 27% year over year, according to preliminary data from Wink. Overall annuity sales were up 20% compared with a year ago, Wink said.
People approaching retirement have a right to be concerned about how they might ride out a market downturn, and annuities are one way to do so, writes Zach Parker of Securities America. "Annuity options with guaranteed minimum withdrawal benefits may be worthwhile for clients concerned about future market volatility," he writes.
A survey by Bankrate.com com found that Americans' biggest financial worry is saving for retirement. People ages 38 to 63 -- young Baby Boomers and Gen Xers -- are most likely to report such stress, the survey found.
The valuation arena looks different these days. As organizations' needs for valuation in financial and nonfinancial reporting grow, so do individuals' needs in entrepreneurship, litigation and a host of other applications. Protecting the quality and reliability of valuation while addressing the increase in demand is a challenge the profession must rise to address.
Rules the Financial Accounting Standards Board has issued could address a problem that caused General Electric to take a hefty loss related to insurance contracts this year. Under the rules, insurers and their auditors have to review assumptions underpinning long-term insurance contracts yearly.
Auditory learning is a great way to develop listening skills. While in your car, on the train or on a flight to visit a client, practice active-listening skills with podcasts or audiobooks.