Wealth Management
Top stories summarized by our editors
4/24/2019

Business networking requires work, writes consultant Michael Goldberg, who offers eight best practices. These include attending the right kind of event, getting involved in the planning and offering help to other attendees "in a non-threatening way."

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Michael Goldberg
4/24/2019

Web design has evolved to match how users consume information, writes consultant Jordan Fromholz, who says advisors can make simple updates to their outdated websites. He compares what a website built a decade ago might look like with what a website in 2019 should look like.

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Advisor Perspectives
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Jordan Fromholz
4/24/2019

Studies have shown health issues and cognitive decline may intensify once a person enters retirement, writes Richard Johnson, retirement policy program director at the Urban Institute. He notes that many people take part in unhealthy behaviors and can become socially isolated after leaving the workforce.

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Richard Johnson, Urban Institute
4/24/2019

People who get married are more likely to participate in a 401(k) plan if they do not already, and those who do often increase their contributions, according to analysis from the Center for Retirement Research at Boston College. Researchers concluded that millennials' tendency to get married later than previous generations is having only a slight negative influence on retirement saving.

4/24/2019

A U.S. District Court judge recently ruled that an indemnification agreement requires a contractor to pay a surety provider $39.1 million for bond payments and costs related to a baseball stadium construction project. The ruling is a reminder that surety bond indemnification agreements usually are construed in favor of sureties, an attorney writes.

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JD Supra
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US District Court
4/24/2019

The Illinois House of Representatives has passed an amendment to the state's Wage Payment and Collection Act that makes general contractors responsible for subcontractors' unpaid wages, even if they have paid their portion in full. The law as written would allow contractors' property to be seized to pay back wages and benefits.

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Construction Dive
4/24/2019

A report has found that a spending boost on sustainable infrastructure and renewable power could improve the construction industry. According to the report, more spending in these areas would mean more jobs in construction for electricians, plumbers, roofers and other tradespeople.

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Curbed
4/23/2019

Leading tech stocks including Apple, Amazon, Google parent Alphabet, Microsoft and Netflix have rebounded to achieve combined net gains of $916.2 billion so far this year, recouping almost all the losses from their weak performance in late 2018. With several of them releasing their first-quarter earnings reports this week, investors and fund managers expect their winning run to continue.

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Apple, Google, Amazon, Microsoft, Netflix
4/23/2019

A proposal by Nobel laureate Richard Thaler to allow people to use part of their 401(k) accounts to increase their Social Security payments is drawing criticism from industry members, including the Insured Retirement Institute's Dan Zielinski, who called opening up the Social Security system "the third rail of politics." He said IRI is "focused on what's doable today, and we have a bill out there that's doable today," referencing the SECURE Act.

4/23/2019

Incorporating an income annuity into a retirement portfolio increases income, cuts retirement stress and boosts retirees' confidence, according to a study by researchers Michael Finke and Wade Pfau from The American College. Income annuities lower the risk of outliving savings in retirement without lowering overall income, compared with an investment-only approach, the study found.

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Wade Pfau