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| Annuities Are Potentially More Useful Today Than Ever |
| David Lau, founder and CEO of DPL Financial Partners, a firm that bills itself as a commission-free insurance network for retirement plan and wealth management fiduciaries, uses a personal story to explain the source of his deep interest in the topics of income insurance and annuities.
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| Parents and Kids Both Influence the Flow of ‘Modern Money’ |
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Shifting attitudes about supporting adult children financially have helped reshape Americans’ thinking about wealth and retirement readiness, according to Ameriprise Financial survey data.
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| Self-Correction and Compliance Tips from Former IRS Attorney |
| There are many fiduciaries out there who are not educated on the voluntary corrections programs run by DOL and IRS. Former IRS staffer Lisa Tavares says they are taking unnecessary risk.
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| Americans’ Lack of Social Security Knowledge Shows |
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Tina Ambrozy, president of sales and distribution at Nationwide, warns of a major disconnect between what consumers think their Social Security benefit will be—and what this amount will cover—compared to reality.
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| Hardship Withdrawals Spiked, Loans Dipped After Bipartisan Budget Act |
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The Bipartisan Budget Act of 2018 made it easier for retirement plan participants to access hardship withdrawals without taking loans first; since passage of the law, hardships withdrawals are up 40% in Fidelity’s book of business.
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| As Bull Market Ages, Coaching Investors on Volatility Remains a Must |
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Novice investors’ reactions to stock market volatility present an endless and intriguing field of study for behavioral economists, but for financial advisers, poor client decisionmaking is a serious issue.
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