The Bancorp Institutional Banking business provides financial professionals with innovative lending solutions, such as an Insurance-Backed Line of Credit (IBLOC), that can seamlessly integrate with their clients’ wealth management strategies. An IBLOC allows financial professionals to show clients they are a forward-thinking steward of their wealth management by educating them on how they can use this money to work for them.
With the growth in 401(k) plans and the contraction of private pensions over the last 30 years, risks in retirement have slowly and almost imperceptibly transferred from institutions to individuals. Institutions staffed with actuaries and analysts are well suited to manage those risks. Individual investors may need some help.
This session introduces a relatively new kind of portfolio income insurance: a Contingent Deferred Annuity. It unbundles the insurance from underlying investments so that advisors may “wrap” the risk in client portfolios by covering investments in retail ETFs and mutual funds with lifetime income protections.
Personal Income (excluding Transfer Receipts) in May rose 0.69% and is up 8.3% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, Real Personal Income (excluding Transfer Receipts) MoM was up 0.10%. The real number is up 1.8% year-over-year.
This morning's seasonally adjusted 231K new claims, down 2K from the previous week's revised figure, was above the Investing.com forecast of 2278K.
Now is the time to engage in risk management to retain your competitive advantage once the economy emerges from the slowdown.
Since healthcare costs are the number one fear in retirement for Americans, this article will focus on which states are the least expensive to retire in based on healthcare costs.
Recession fears and central-bank tightening are driving market volatility.
It came as a surprise when I found the annual report of the New Zealand SuperFund. While no one could fault it for sticking with passive investments, it chose a different path, with stunning results.
Our economy is in a will-they-won’t-they relationship with the next big recession.
Some Uber and Lyft drivers are finding that renting or buying a Tesla, the luxury electric car, is a more profitable option now amid soaring gas prices that have upended the economics of gig work.
It’s easy to be carried away: Top banking regulators are hungry for the efficiency, profitability and better service that pan-European banks could deliver.
This bear market is punishing everyone and everything.
Options insurance. Hedging with Treasuries. Using sentiment to pick a bottom. The things that have lessened the pain of past equity selloffs are coming up short this time around.
Interest rates aren’t simply the price of borrowing money. They are also information, providing signals telling economic players what to do. Interest rates are in fact the price of time. Low interest rates don’t value time very much. Bad signals produce bad outcomes… and that’s where we are now.
What to do in equity portfolios at the midyear point? Fundamental Equities CIO Tony DeSpirto assesses the backdrop and identifies three favored sectors.
Let’s face it—we love exciting announcements. Why talk about the small technical improvements of a given artificial intelligence (AI) system when you can prognosticate about the coming advent of artificial general intelligence (AGI)? However, focusing too much on AGI risks missing many incremental improvements in the space along the way.
Lifetime income solutions are high on the wish lists of defined contribution (DC) plan participants, with the certainty of a guaranteed lifetime income stream ranking as the top feature in our surveys over the past decade.
Reg BI turns two on June 30th. It was supposed to help investors better understand how advisors and brokers differ and have BDs meet a “best interest” standard based on fiduciary principles. It turns out that Reg BI is doing the opposite.
Because the consequences of leaving longevity unmanaged are likely to be the most devastating, advisors must act now to address it.
Given year-to-date fixed income returns, one would be forgiven if they never wanted to own the asset class again. Such a view, however, could prove costly as, for the first time in a year, areas of the market are starting to look attractive.
US credit-card rates have soared past 20%, mortgage costs have climbed to the highest since 2008 and companies are having a harder time borrowing money.
The latest Conference Board Leading Economic Index (LEI) for May was down 0.4% from the April final figure of 118.8.
Leo Tolstoy’s Anna Karenina opens with one of the most famous lines in world literature: “All happy families are alike, but every unhappy family is unhappy in its own way.”
Applications for US unemployment insurance were little changed last week, suggesting the labor market remains exceptionally tight.
Investors are terrified.
Since the recession of 2008 in 2009, financial stocks in general have been trading at significantly lower valuations than normal.
Mistakes are easy to make but are easier to avoid if you know what a “bad” succession plan looks like.
Several avenues for diversifying cryptocurrency portfolios exist. Investors should weigh the costs and benefits of each of the following three methods.
Traders unnerved by a selloff that hit stocks and bonds alike are looking for refuge, increasing the appeal of investments offering reliable returns such as shares that pay steady dividends.
Social Security has a problem.
According to a recent survey, a majority of Republicans and a plurality of Democrats believe the US is in a recession. The question is how seriously to take their complaints.
Madonna was right. That iPhone on which you may be reading this article is far less important to society than the materials – like steel and plastic – that were used to build it.
The Bureau of Labor Statistics released the May Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 8.58%, up from 8.26% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 6.02%, down from 6.16% the previous month.
Economists like to strip food and energy out of their inflation calculations. They’re too volatile to be meaningful, they say. But for everyday Americans coping with exploding prices, those items are pretty much all they care about right now.
It started with bonds. Now even collateralized debt obligations (CDOs) come in green.
Stocks modestly lower ahead of tomorrow’s inflation report.
Let's take a closer look at last week's employment report numbers on Full and Part-Time Employment.
The advisors who figure out how to work with Generation Z will take your wealthy Baby Boomer clients away. Stop rolling your eyes and listen to why.
I’ve supported many clients through times of loss and transition such as divorces, deaths of parents or spouses, business failures, and natural disasters. Following are some of the things I’ve learned.
JP Morgan CEO Jamie Dimon caused a stir lately when he talked about a "hurricane" hitting the US economy.
I’m going to review the research on safe-spending rates and then critique common methods of risk mitigation. I’ll offer the practical methods to reduce sequence-of-return risk that I suggest to my clients.
The May US Services Purchasing Managers' Index conducted by Markit came in at 53.4 percent, down slightly from the final April estimate of 55.6.
Bear markets always signal a leadership change within the overall equity market. The leadership going into a bear market is rarely, if ever, the leadership coming out. Because of this rule of thumb, we view bear markets as periods of extreme opportunity.
The likely moderation of US job growth in coming months will reflect a combination of hiring challenges in a remarkably tight labor market, shifts in spending patterns and outright soft spots within a handful of industries.
The May US Manufacturing Purchasing Managers' Index conducted by Markit came in at 57.0, down 2.2 from the final April figure. Markit's Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction.
Being immobilized in grief can be deeply painful and damaging emotionally. It can be financially damaging, as well, limiting a person’s ability to make sound financial decisions that can affect their future. This is where objective help and support is essential.
Even in 2022, pensions still command an aura of reverence. A benefit where you work for one company for 30 years and then retire with a livable wage? And you don’t have to fret about picking investments? What’s not to like?
High inflation has captured the headlines as of late particularly as CPI recently hit the highest levels since 1981.
There’s a silver lining to the current bear market…
Linde is the largest industrial gas company worldwide and an innovator in the highly engineered technologies used to deliver gas to customers.
Meet a woman driven to change investment regulation and understand why it’s important that she succeeds.
It looks like the economy will grow for a while, just not very fast. And we simply don’t know what will happen when the Federal Reserve tightens in the face of a slowing economy.
Memorial Day deserves the great recognition it gets. Remembering the service of those who died for our country is a civic duty. This includes remembering, doing and acting in a manner that there is no doubt the character of military and finance leaders must be first.
Advisors can help the sandwich generation assess their risk for LTC and protect financial goals with the right approach to insurance.
The price of foods, fuels and other essential items are spiraling ever upward as Russia’s war on Ukraine compounds supply-chain woes stemming from the pandemic. Central banks may be in the driving seat when it comes to tackling inflation, but it’s governments that face the fallout and so are compelled to act.
I want to draw your focus to the three most important, yet boring, tax strategies that every advisor should be discussing with every client.
Many Americans expect a significant shortfall in their retirement savings. Fifty-six percent said they expect to have less than $500,000 saved by the time they retire, including 36% who anticipate having less than $250,000.
The parallels between the 2020s and the 1970s grow more numerous by the day. The economy faces the threat of stagflation. Fuel prices are surging, and shortages loom. Politicians are flailing. The international environment is deteriorating. The Supreme Court is revisiting the 1973 Roe v. Wade ruling.
The U.S. was experiencing some of the highest inflation in its history.
Rick, David and Govinda will identify the risk cycle, and explore how risk can be 'wrapped' with portfolio income insurance to provide a reliable stream of income. The certainty of lifetime income may give individual investors the assurance to not only spend confidently, but to allocate more to equities without the fear that a terrible market event will force them to spend much less than planned in retirement.
It would be an understatement to say that the stock market has been volatile recently.
Whenever I surf television cable news channels, I see the plethora of ads for financial planning. But they are run by companies that sell financial products or are owned by huge insurance companies.
Wylie Tollette, Head of Client Investment Solutions with Franklin Templeton Investment Solutions, joins the head of the Franklin Templeton Institute, Stephen Dover, for a conversation on the recent equity market selloff.
This article explores the benefits of annuities with lower explicit fees, a category I dubbed as “annuities Lite” in a previous article that focused on GLWBs.
Since the 1990s, the CalPERS sold LTC policies to its residents. The lawsuit over claims related to those policies illustrates the dangers clients face with government-sponsored insurance programs.
The best retirement-savings vehicle is one that few have heard about: I bonds. They offer a risk-free yield of 9.62%, yet the amount of I bonds issued is only a small fraction of the total volume of bond issuance by the U.S. Treasury. My guest today will explain that paradox.
This is also the 300th episode of the Gaining Perspective podcast, and no guest would be more appropriate than Zvi Bodie. He has eloquently and persuasively made the case for the financial services industry to provide products that respond to the needs of everyday investors.
The Strategic Investment Conference wrapped up this week with another wave of strong, fascinating speakers and panels. Today I have more to share and, as you’ll see, the plot thickened considerably.
The Fed is at a crucial junction, according to Lacy Hunt. It has to contain inflation. If not, the stability of the U.S. economy over the longer term is seriously in doubt.
Tax Day has come and gone.
At a time when New York towers are struggling with high vacancies and many workers are still remote, money managers are seeking to accommodate growing staff and encourage in-person collaboration with trendier digs. Along with tech companies, they’re helping to fill part of the void left from employers giving up space -- even as Manhattan’s office supply continues to grow faster than demand.
I don’t care how many PhDs are going to argue against me; direct indexing is Wall Street’s attempt at squeezing more fees out of the America public using advisors as the pawns.
While I am not a practice management guru, an experience I had this past year warrants sharing. it led to adding value to your clients in a way few of you do.
The new Investment Advisor Rep CE requirement isn’t just more training required by regulators; it’s an opportunity for advisors to start or continue on the right path with clients.
Since 1992, The Belkin Report has used Michael Belkin’s proprietary forecasting model to project the performance of market sectors, groups, and specific stocks. It provides three‐ and 12‐month forecasts for financial markets based on rates of change. Because of its track record, The Belkin Report has become a trusted resource for top hedge funds, mutual funds, pension funds, insurance companies, family offices, and sovereign wealth funds across the globe.
“Don’t be bearish.” That was the message delivered by a Wall Street Journal article in August 2021.
Investors often look for ways to enhance income, lower a portfolio’s overall expected volatility or even help manage taxable gains.
I borrowed this letter’s “Soft Now, Hard Later” headline from Dave Rosenberg. It was the title of his leadoff SIC presentation, for reasons I’ll explain.
Investor interest and participation in private markets continues to grow.
We assess risks and potential opportunities for multi-asset portfolios amid late-cycle dynamics, higher inflation, rising interest rates, and geopolitical uncertainty.
The Milken Institute Global Conference continues in Beverly Hills, California, bringing together investors, dealmakers, power brokers and celebrities to discuss markets and megatrends. Academics, sports stars, entrepreneurs and politicians among the thousands coming to the Beverly Hilton for the event, which runs through Wednesday.
Franklin Mutual Series’ Katrina Dudley sees President Emmanuel Macron’s re-election as a positive for the French economy and regional equity markets over the longer term.
“Agents are standing by” to help your clients make one of the most pivotal financial decisions of their retirement… a decision that will blindside you as their advisor and throw even the most carefully crafted retirement plan for a loss. Sometimes, a very big loss.
Warren Buffett has simple advice for investors as they stare down the worst inflation in decades: Invest in your own skills.
Russia’s tragic invasion of Ukraine has layered on existing supply imbalances, causing geopolitical uncertainty and a global energy shock.
There is a real fear about the cost of seeing a doctor and how it can impact your finances. Millions of Americans receive surprise medical bills each year. That includes insured individuals, according to research by the Peterson-KFF Health System Tracker. A new federal law, The No Surprises Act, went into effect Jan. 1, 2022, banning most unexpected medical charges.
After hanging in the shadows for most of the pandemic, the billionaire investor and his deputies have been ramping up Berkshire Hathaway Inc.’s acquisition machine -- snapping up shares of Occidental Petroleum Corp. and HP Inc. and striking an $11.6 billion deal to buy Alleghany Corp. The flurry of activity comes just as investors are set to flock to Omaha, Nebraska, for the conglomerate’s first in-person shareholder meeting since 2019.
Sanctions on Russia’s foreign currency reserves will likely stymie the rise of the Chinese renminbi as a competitor to the U.S. dollar.
Here are five ways to win new business and clients for life by creating urgency, so your prospects want to create a financial plan now with you.
Many companies stack the deck in ways that often help their executives get big annual bonuses no matter how the business performs, Bloomberg Tax research shows. They “adjust” and boost the earnings numbers they use, or lower their own performance goals—making it more likely they’ll hit the targets that trigger bonus awards.
As chief architect of the finance industry’s biggest climate coalition, Mark Carney said banks and asset managers are doing a better job at steering capital away from fossil fuels than is implied by what he described as “clickbait” headlines.
Healthcare
Insurance-Backed Line of Credit: An Innovative Way to Access Liquidity
The Bancorp Institutional Banking business provides financial professionals with innovative lending solutions, such as an Insurance-Backed Line of Credit (IBLOC), that can seamlessly integrate with their clients’ wealth management strategies. An IBLOC allows financial professionals to show clients they are a forward-thinking steward of their wealth management by educating them on how they can use this money to work for them.
Insuring Client Spending in Retirement with Portfolio Income Insurance
With the growth in 401(k) plans and the contraction of private pensions over the last 30 years, risks in retirement have slowly and almost imperceptibly transferred from institutions to individuals. Institutions staffed with actuaries and analysts are well suited to manage those risks. Individual investors may need some help.
This session introduces a relatively new kind of portfolio income insurance: a Contingent Deferred Annuity. It unbundles the insurance from underlying investments so that advisors may “wrap” the risk in client portfolios by covering investments in retail ETFs and mutual funds with lifetime income protections.
The Big Four: Real Personal Income in May
Personal Income (excluding Transfer Receipts) in May rose 0.69% and is up 8.3% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, Real Personal Income (excluding Transfer Receipts) MoM was up 0.10%. The real number is up 1.8% year-over-year.
Weekly Unemployment Claims: Down Another 2K
This morning's seasonally adjusted 231K new claims, down 2K from the previous week's revised figure, was above the Investing.com forecast of 2278K.
No Excuses: Plan Now for Recession
Now is the time to engage in risk management to retain your competitive advantage once the economy emerges from the slowdown.
Seven Least Expensive States Based on Retirement Healthcare Costs
Since healthcare costs are the number one fear in retirement for Americans, this article will focus on which states are the least expensive to retire in based on healthcare costs.
2022 Global Market Outlook – Q3 update: Fear of the known
Recession fears and central-bank tightening are driving market volatility.
How a New Zealand Superfund “Beat the Market”
It came as a surprise when I found the annual report of the New Zealand SuperFund. While no one could fault it for sticking with passive investments, it chose a different path, with stunning results.
Some Unsolicited Recession Survival Advice to Gen Z
Our economy is in a will-they-won’t-they relationship with the next big recession.
Uber, Lyft Drivers Switch to Teslas as High Gas Prices Squeeze Profit
Some Uber and Lyft drivers are finding that renting or buying a Tesla, the luxury electric car, is a more profitable option now amid soaring gas prices that have upended the economics of gig work.
Should European Banking Really Be More Like US Banking?
It’s easy to be carried away: Top banking regulators are hungry for the efficiency, profitability and better service that pan-European banks could deliver.
I Haven't Seen Bargains This Good in 20 Years
This bear market is punishing everyone and everything.
Market Is Shredding All the Time-Tested Ways to Chart Its Course
Options insurance. Hedging with Treasuries. Using sentiment to pick a bottom. The things that have lessened the pain of past equity selloffs are coming up short this time around.
Inflation Reaches Unicorns
Interest rates aren’t simply the price of borrowing money. They are also information, providing signals telling economic players what to do. Interest rates are in fact the price of time. Low interest rates don’t value time very much. Bad signals produce bad outcomes… and that’s where we are now.
Taking Stock: Q3 2022 Equity Market Outlook
What to do in equity portfolios at the midyear point? Fundamental Equities CIO Tony DeSpirto assesses the backdrop and identifies three favored sectors.
A Realistic Framing of the Progress in Artificial Intelligence
Let’s face it—we love exciting announcements. Why talk about the small technical improvements of a given artificial intelligence (AI) system when you can prognosticate about the coming advent of artificial general intelligence (AGI)? However, focusing too much on AGI risks missing many incremental improvements in the space along the way.
Lifetime Income Fees vs. Costs: Look Beneath the Tip of the Iceberg
Lifetime income solutions are high on the wish lists of defined contribution (DC) plan participants, with the certainty of a guaranteed lifetime income stream ranking as the top feature in our surveys over the past decade.
Reg BI’s Unhappy Second Birthday
Reg BI turns two on June 30th. It was supposed to help investors better understand how advisors and brokers differ and have BDs meet a “best interest” standard based on fiduciary principles. It turns out that Reg BI is doing the opposite.
The Emperor of All Risks
Because the consequences of leaving longevity unmanaged are likely to be the most devastating, advisors must act now to address it.
The Fixed Income Water is Getting Warmer
Given year-to-date fixed income returns, one would be forgiven if they never wanted to own the asset class again. Such a view, however, could prove costly as, for the first time in a year, areas of the market are starting to look attractive.
Credit Cards at 20%, Mortgages Near 6%: The Fed's Rate Hikes Are Already Having an Impact
US credit-card rates have soared past 20%, mortgage costs have climbed to the highest since 2008 and companies are having a harder time borrowing money.
CB LEI: Falls Again in May
The latest Conference Board Leading Economic Index (LEI) for May was down 0.4% from the April final figure of 118.8.
Everything You Wanted To Know About Bear Markets
Leo Tolstoy’s Anna Karenina opens with one of the most famous lines in world literature: “All happy families are alike, but every unhappy family is unhappy in its own way.”
US Jobless Claims Edge Lower, Reflecting Tight Labor Market
Applications for US unemployment insurance were little changed last week, suggesting the labor market remains exceptionally tight.
Investors Are Terrified, So Why Aren’t They Selling?
Investors are terrified.
Financial Stocks Are Cheaper Than Usual
Since the recession of 2008 in 2009, financial stocks in general have been trading at significantly lower valuations than normal.
Five Signs You Have a Lousy Succession Plan
Mistakes are easy to make but are easier to avoid if you know what a “bad” succession plan looks like.
How to Build a Diversified Crypto Allocation
Several avenues for diversifying cryptocurrency portfolios exist. Investors should weigh the costs and benefits of each of the following three methods.
Global Stock Rout Prompts Call for Back-to-Basics Investing
Traders unnerved by a selloff that hit stocks and bonds alike are looking for refuge, increasing the appeal of investments offering reliable returns such as shares that pay steady dividends.
Social Security: Whistling Past The $96 Trillion Graveyard
Social Security has a problem.
Politics Have Distorted Americans’ Views of the Economy
According to a recent survey, a majority of Republicans and a plurality of Democrats believe the US is in a recession. The question is how seriously to take their complaints.
We’re Living in a Material World
Madonna was right. That iPhone on which you may be reading this article is far less important to society than the materials – like steel and plastic – that were used to build it.
Consumer Price Index: May Headline at 8.58%
The Bureau of Labor Statistics released the May Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 8.58%, up from 8.26% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 6.02%, down from 6.16% the previous month.
Why Inflation Is Hitting American Households Like Never Before
Economists like to strip food and energy out of their inflation calculations. They’re too volatile to be meaningful, they say. But for everyday Americans coping with exploding prices, those items are pretty much all they care about right now.
Does This CDO Come in Green? With ESG Everywhere, Buyers Beware
It started with bonds. Now even collateralized debt obligations (CDOs) come in green.
Today's Options Market Update
Stocks modestly lower ahead of tomorrow’s inflation report.
Full-time and Part-time Employment: A Deeper Look
Let's take a closer look at last week's employment report numbers on Full and Part-Time Employment.
How to Smash the Competition Using Advice-Only Planning
The advisors who figure out how to work with Generation Z will take your wealthy Baby Boomer clients away. Stop rolling your eyes and listen to why.
Coping with Finances While Coping with Grief
I’ve supported many clients through times of loss and transition such as divorces, deaths of parents or spouses, business failures, and natural disasters. Following are some of the things I’ve learned.
No Hurricane, Yet
JP Morgan CEO Jamie Dimon caused a stir lately when he talked about a "hurricane" hitting the US economy.
Real-Life Strategies to Mitigate Sequence-of-Return Risk
I’m going to review the research on safe-spending rates and then critique common methods of risk mitigation. I’ll offer the practical methods to reduce sequence-of-return risk that I suggest to my clients.
May Markit Services PMI: Growth Continues
The May US Services Purchasing Managers' Index conducted by Markit came in at 53.4 percent, down slightly from the final April estimate of 55.6.
Bear Markets Signal Leadership Change
Bear markets always signal a leadership change within the overall equity market. The leadership going into a bear market is rarely, if ever, the leadership coming out. Because of this rule of thumb, we view bear markets as periods of extreme opportunity.
US Labor Market to Show Emerging Dichotomy of Tightness, Risks
The likely moderation of US job growth in coming months will reflect a combination of hiring challenges in a remarkably tight labor market, shifts in spending patterns and outright soft spots within a handful of industries.
May Markit Manufacturing: Growth Slows
The May US Manufacturing Purchasing Managers' Index conducted by Markit came in at 57.0, down 2.2 from the final April figure. Markit's Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction.
The Financial Impact of Grief and Loss
Being immobilized in grief can be deeply painful and damaging emotionally. It can be financially damaging, as well, limiting a person’s ability to make sound financial decisions that can affect their future. This is where objective help and support is essential.
Today’s Pensions Just Don’t Favor Millennials and Gen Z
Even in 2022, pensions still command an aura of reverence. A benefit where you work for one company for 30 years and then retire with a livable wage? And you don’t have to fret about picking investments? What’s not to like?
High Inflation May Already Be Behind Us
High inflation has captured the headlines as of late particularly as CPI recently hit the highest levels since 1981.
Three Stocks to Buy in This Bear
There’s a silver lining to the current bear market…
Spotlight Linde: Enabling the Transition to Clean Energy
Linde is the largest industrial gas company worldwide and an innovator in the highly engineered technologies used to deliver gas to customers.
Are You Selling a Verb or a Noun?
Meet a woman driven to change investment regulation and understand why it’s important that she succeeds.
Rock and a Hard Place
It looks like the economy will grow for a while, just not very fast. And we simply don’t know what will happen when the Federal Reserve tightens in the face of a slowing economy.
Leadership and Character on Memorial Day
Memorial Day deserves the great recognition it gets. Remembering the service of those who died for our country is a civic duty. This includes remembering, doing and acting in a manner that there is no doubt the character of military and finance leaders must be first.
How to Help the Sandwich Generation Assess LTC Risk
Advisors can help the sandwich generation assess their risk for LTC and protect financial goals with the right approach to insurance.
Inflation Forces Desperate Leaders to Try and Soften the Blow
The price of foods, fuels and other essential items are spiraling ever upward as Russia’s war on Ukraine compounds supply-chain woes stemming from the pandemic. Central banks may be in the driving seat when it comes to tackling inflation, but it’s governments that face the fallout and so are compelled to act.
Advisor Tax Mistake #3 – Skipping the Three Most Important (But Least Sexy) Tax Strategies
I want to draw your focus to the three most important, yet boring, tax strategies that every advisor should be discussing with every client.
A Comfortable Retirement Appears Out of Reach for Most Americans
Many Americans expect a significant shortfall in their retirement savings. Fifty-six percent said they expect to have less than $500,000 saved by the time they retire, including 36% who anticipate having less than $250,000.
The 1970s Had a Big Bright Side, Too
The parallels between the 2020s and the 1970s grow more numerous by the day. The economy faces the threat of stagflation. Fuel prices are surging, and shortages loom. Politicians are flailing. The international environment is deteriorating. The Supreme Court is revisiting the 1973 Roe v. Wade ruling.
Which Investments Worked 40 Years Ago When Inflation Was This High?
The U.S. was experiencing some of the highest inflation in its history.
Measuring and Mitigating Risks to Retirement Spending
Rick, David and Govinda will identify the risk cycle, and explore how risk can be 'wrapped' with portfolio income insurance to provide a reliable stream of income. The certainty of lifetime income may give individual investors the assurance to not only spend confidently, but to allocate more to equities without the fear that a terrible market event will force them to spend much less than planned in retirement.
25 Stocks Subscribers Asked To See
It would be an understatement to say that the stock market has been volatile recently.
Beware of Faux Financial Planning
Whenever I surf television cable news channels, I see the plethora of ads for financial planning. But they are run by companies that sell financial products or are owned by huge insurance companies.
Making Sense of the Recent Market Selloffs
Wylie Tollette, Head of Client Investment Solutions with Franklin Templeton Investment Solutions, joins the head of the Franklin Templeton Institute, Stephen Dover, for a conversation on the recent equity market selloff.
The Elusive Benefits of “Lite” Annuities
This article explores the benefits of annuities with lower explicit fees, a category I dubbed as “annuities Lite” in a previous article that focused on GLWBs.
Lessons from CalPERS LTC Insurance Crisis
Since the 1990s, the CalPERS sold LTC policies to its residents. The lawsuit over claims related to those policies illustrates the dangers clients face with government-sponsored insurance programs.
The 9.62% Opportunity in I Bonds
The best retirement-savings vehicle is one that few have heard about: I bonds. They offer a risk-free yield of 9.62%, yet the amount of I bonds issued is only a small fraction of the total volume of bond issuance by the U.S. Treasury. My guest today will explain that paradox.
This is also the 300th episode of the Gaining Perspective podcast, and no guest would be more appropriate than Zvi Bodie. He has eloquently and persuasively made the case for the financial services industry to provide products that respond to the needs of everyday investors.
A Little Harder
The Strategic Investment Conference wrapped up this week with another wave of strong, fascinating speakers and panels. Today I have more to share and, as you’ll see, the plot thickened considerably.
Lacy Hunt: The Stability of the US Economy is at Stake
The Fed is at a crucial junction, according to Lacy Hunt. It has to contain inflation. If not, the stability of the U.S. economy over the longer term is seriously in doubt.
Top 10 Things Tax-Smart Advisors Do After Tax Day
Tax Day has come and gone.
Money Managers Are Swooping In to Fill Manhattan’s Office Void
At a time when New York towers are struggling with high vacancies and many workers are still remote, money managers are seeking to accommodate growing staff and encourage in-person collaboration with trendier digs. Along with tech companies, they’re helping to fill part of the void left from employers giving up space -- even as Manhattan’s office supply continues to grow faster than demand.
19 Reasons to Run Like the Wind from Direct Indexing!
I don’t care how many PhDs are going to argue against me; direct indexing is Wall Street’s attempt at squeezing more fees out of the America public using advisors as the pawns.
Ask Brad: Adding Client Value in a Way Few Advisors Do
While I am not a practice management guru, an experience I had this past year warrants sharing. it led to adding value to your clients in a way few of you do.
What Is the New IAR CE and Why Do We Need It?
The new Investment Advisor Rep CE requirement isn’t just more training required by regulators; it’s an opportunity for advisors to start or continue on the right path with clients.
We are On the Brink of a Global Downturn
Since 1992, The Belkin Report has used Michael Belkin’s proprietary forecasting model to project the performance of market sectors, groups, and specific stocks. It provides three‐ and 12‐month forecasts for financial markets based on rates of change. Because of its track record, The Belkin Report has become a trusted resource for top hedge funds, mutual funds, pension funds, insurance companies, family offices, and sovereign wealth funds across the globe.
“Don’t Be Bearish.” The Inevitable End Of Bad Advice
“Don’t be bearish.” That was the message delivered by a Wall Street Journal article in August 2021.
A Strategy for Volatile Markets in 2022
Investors often look for ways to enhance income, lower a portfolio’s overall expected volatility or even help manage taxable gains.
Soft Now, Hard Later
I borrowed this letter’s “Soft Now, Hard Later” headline from Dave Rosenberg. It was the title of his leadoff SIC presentation, for reasons I’ll explain.
Key Reasons Why Investor Interest in Private Markets Continues to Grow
Investor interest and participation in private markets continues to grow.
Late‑Cycle Strategies
We assess risks and potential opportunities for multi-asset portfolios amid late-cycle dynamics, higher inflation, rising interest rates, and geopolitical uncertainty.
Fed ‘Not Out of Bullets’ Yet to Control Inflation: Milken Update
The Milken Institute Global Conference continues in Beverly Hills, California, bringing together investors, dealmakers, power brokers and celebrities to discuss markets and megatrends. Academics, sports stars, entrepreneurs and politicians among the thousands coming to the Beverly Hilton for the event, which runs through Wednesday.
Europe Outlook: A French Economic Evolution
Franklin Mutual Series’ Katrina Dudley sees President Emmanuel Macron’s re-election as a positive for the French economy and regional equity markets over the longer term.
Why Joe Namath May Be the Biggest Threat to Your Clients’ Retirement
“Agents are standing by” to help your clients make one of the most pivotal financial decisions of their retirement… a decision that will blindside you as their advisor and throw even the most carefully crafted retirement plan for a loss. Sometimes, a very big loss.
Avoid ‘Evil’ Bitcoin and Stay Sane: Investing Wisdom from Buffett and Munger
Warren Buffett has simple advice for investors as they stare down the worst inflation in decades: Invest in your own skills.
The Transition To a Low Carbon Economy
Russia’s tragic invasion of Ukraine has layered on existing supply imbalances, causing geopolitical uncertainty and a global energy shock.
How to Avoid Going Broke From Surprise Medical Bills
There is a real fear about the cost of seeing a doctor and how it can impact your finances. Millions of Americans receive surprise medical bills each year. That includes insured individuals, according to research by the Peterson-KFF Health System Tracker. A new federal law, The No Surprises Act, went into effect Jan. 1, 2022, banning most unexpected medical charges.
Buffett Revs Up Deal Machine With Investors Set for Omaha Trek
After hanging in the shadows for most of the pandemic, the billionaire investor and his deputies have been ramping up Berkshire Hathaway Inc.’s acquisition machine -- snapping up shares of Occidental Petroleum Corp. and HP Inc. and striking an $11.6 billion deal to buy Alleghany Corp. The flurry of activity comes just as investors are set to flock to Omaha, Nebraska, for the conglomerate’s first in-person shareholder meeting since 2019.
The Big Freeze: Sanctioning Russia Raises Questions on Other Currencies
Sanctions on Russia’s foreign currency reserves will likely stymie the rise of the Chinese renminbi as a competitor to the U.S. dollar.
Five Ways to Create Urgency and Win Planning Business
Here are five ways to win new business and clients for life by creating urgency, so your prospects want to create a financial plan now with you.
CEO-Bonus Scrutiny Grows as Millions Paid Out Even in Down Years
Many companies stack the deck in ways that often help their executives get big annual bonuses no matter how the business performs, Bloomberg Tax research shows. They “adjust” and boost the earnings numbers they use, or lower their own performance goals—making it more likely they’ll hit the targets that trigger bonus awards.
Mark Carney Questions the Critics of Bankers' Climate Record
As chief architect of the finance industry’s biggest climate coalition, Mark Carney said banks and asset managers are doing a better job at steering capital away from fossil fuels than is implied by what he described as “clickbait” headlines.