Take your pick, advisors: ETFs, mutual funds or both? Exchange-traded funds are considered tax-advantaged relative to actively managed mutual funds because they tend to realize fewer capital gains. Moreover, ETFs generally have lower fees compared to their mutual fund counterparts and are priced continuously throughout the day, enabling greater investor...
Longevity risk continues to be a hot topic for advisors, especially as their clients continue to suffer from a lack of “longevity literacy.“ The TIAA Institute and the Global Financial Literacy Excellence Center at the George Washington University School of Business released data last week showing that American adults are overwhelming unaware...
Retirement plans are getting more confusing, but that could be a good thing for financial advisors, according to a Fidelity Investments study released Monday. Fidelity characterized 2023 as a “year of opportunity” for the retirement plan industry in its 14th annual Plan Sponsor Attitudes Study. In other words, the asset...
To paraphrase the famous line from “Jaws,” “We’re going to need a bigger moat.” Shares of Warren Buffett’s Berkshire Hathaway have returned 14% year-to-date, compared with a 15.5% rise for the S&P 500. Over the past 5 years, however, Buffett’s holding company is up 71% compared with the S&P 500’s...
PensionPlus and Capital Group announced a partnership Monday aimed at launching a lifelong personalized paycheck service for retirees. The companies say the program will complement the Capital Group and American Funds target-date retirement series and will be offered to select retirement plan participants. Capital Group, home of American Funds, manages...
It’s not just a ball of confusion when it comes to long-term care insurance. It’s one massive ball pit and Americans are drowning in it. It’s time for the financial advisor community to literally play lifeguard. According to the annual Nationwide Retirement Institute long-term care survey conducted in partnership with Limra...
The American Federation of Government Employees is backing President Biden’s nomination of former Maryland Gov. Martin O’Malley to be the next commissioner of the Social Security Administration. The AFGE SSA General Committee voted unanimously this week to endorse O’Malley’s nomination. The committee manages AFGE councils representing SSA employees in field...
Investor Michael Burry, who famously predicted the 2008 housing market crash and later was played by Christian Bale in the movie “The Big Short,” has bet more than $1.6 billion on a Wall Street collapse, according to an SEC filing this week. Burry is apparently going all-in, or close to...
Don’t give up so quickly, all you browbeaten ESG investors. Consider impact investing instead. All the recent political furor surrounding environmental, social and governance investing has an increasing number of investors who were once looking to do well by doing good now saying good riddance to the whole idea of...
The mantra for real estate investors has always been “location, location, location.” In the post-pandemic property environment, however, financial advisors are also increasingly being forced to choose between “public” and “private.” The iShares US Real Estate ETF (IYR), which tracks publicly traded REITS, has taken a roller coaster ride to...