A boutique fund manager with a line of single-Treasury-bill ETFs is trying to follow in Vanguard’s footsteps — but in reverse — hoping to add a mutual fund share class to the products. On Tuesday, F/m Investments filed a request for exemptive relief with the Securities and Exchange Commission for...
Investors in their golden years have increasingly been targeted by precious metal and collectible coin providers — a trend that state regulators, lawyers and financial advisors say needs to stop. This month, numerous states signed on to a bankruptcy plan for Lear Capital, a precious metals firm that has been...
When a client talks to their financial advisor about retirement, they want to be assured that they won’t run out of money, but it’s likely they won’t know how long it needs to last. That’s because there is a significant lack of knowledge about the life expectancy of a retiree...
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...
Several recent studies underscore the importance of Social Security as the bedrock of a secure retirement income plan, just as more than half of pre-retirees are questioning whether the program will be there for them. With apologies to Canadian songwriter Alanis Morrisette, isn’t it ironic? “With Americans living longer than...
Many advisors and their assistants have had the following experience: A long-time client calls with a question or, when responding to a call, somehow seems “off” and not as focused as usual. Maybe it’s a bad day, but the next call results in the same unsettling feeling that something...
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 Roth IRA is the ultimate financial gift for retirees and their beneficiaries. Roth individual retirement accounts have no lifetime required minimum distributions, so you’ll never have to worry about paying higher future tax rates on those funds. In retirement, you can withdraw whatever you wish tax-free. That will keep...
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...
What does it mean to get older? And what does retirement mean to Americans in 2023? A new study on perceptions of aging and longevity reveals that the median age that is considered “old” today is 80, with 79% of over 50s saying that older adults are more active than...